L&T plans ports in Gujarat and Orissa
L&T plans to develop two greenfield ports in India. The company sees huge opportunities in this space as both east and west coasts face substantial increase in overall traffic and lack of handling Capacities. The company plans to develop one port in Gujarat and another in Orissa, apart from the second phase expansion of Dhamra Port in Orissa, in a JV with Tata Steel. The project is in the initial stage of planning. While the company has zeroed in on a site in Gujarat, it hopes to finalise the location in Orissa in the second quarter of 2012-13.