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NBCC to submit project report on RINL's 22-acre land in Vizag by June-end

Read more about NBCC to submit project report on RINL s 22-acre land in Vizag by June-end on Business Standard. State-owned NBCC will submit the detailed project report (DPR) to RINL by month-end for the steel maker s 22.19 acre land in Visakhapatnam city, a popular tourist destination in Andhra Pradesh. ....

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Adani Ports to acquire 31.5% stake in Gangavaram Port

For consideration of Rs 1954 croreAdani Ports & Special Economic Zone is acquiring the 31.5% stake held by Windy Lakeside Investment (an affiliate of Warburg Pincus) in Gangavaram Port (GPL). The acquisition is valued at Rs.1,954 crore and subject to regulatory approvals.
GPL is located in the northern part of Andhra Pradesh next to Vizag Port. It is the
second largest non major port in Andhra Pradesh with a 64 MMT capacity established
under concession from Government of Andhra Pradesh (GoAP) that extends till 2059.
It is an all weather, deep water, multi-purupose port capable of handling fully laden
super cape size vessels of upto 200,000 DWT. Currently, GPL operates 9 berths and ....

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