Andhra Pradesh fast tracks work on new ports

RINL Seeks Andhra's Intervention for Coal Supply

Rashtriya Ispat Nigam Limited (RINL), the government-owned steelmaker, is facing challenges in securing coal supply for its operations at the Visakhapatnam Steel Plant (VSP). The company has approached the Andhra Pradesh government seeking intervention to ensure a steady supply of coal from Gangavaram Port.

The steel industry heavily relies on coal as a primary raw material for its operations, and any disruption in its supply chain can significantly impact production schedules and profitability. RINL's appeal to the state government underscores the criticality of uninterrupted coal sup..

Andhra Pradesh Boosts Port-Led Growth

Andhra Pradesh is embarking on a significant investment drive to foster port-led growth and enhance its maritime infrastructure. With a focus on leveraging its coastal advantage, the state aims to capitalise on the potential of its ports to drive economic development and facilitate trade.

Under the ambitious initiative, several key projects are underway to modernise and expand port facilities across Andhra Pradesh. These initiatives include the development of new ports, enhancement of existing port infrastructure, and implementation of state-of-the-art technology to optimise port operat..

Andhra Pradesh Boosts Port-Led Growth

Andhra Pradesh is embarking on a significant investment drive to foster port-led growth and enhance its maritime infrastructure. With a focus on leveraging its coastal advantage, the state aims to capitalise on the potential of its ports to drive economic development and facilitate trade.

Under the ambitious initiative, several key projects are underway to modernise and expand port facilities across Andhra Pradesh. These initiatives include the development of new ports, enhancement of existing port infrastructure, and implementation of state-of-the-art technology to optimise port operat..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..

Nalanda Capital Sells Stake in Great Eastern Shipping

Nalanda Capital has divested a 1.4% stake in Great Eastern Shipping, a prominent player in the ports and shipping industry, for a total sum of Rs. 1.90 billion. This move comes amidst evolving market dynamics and reflects Nalanda Capital's strategic realignment of its investment portfolio.

The sale of shares in Great Eastern Shipping represents a calculated decision by Nalanda Capital to optimise its investment holdings and capitalise on market opportunities. The transaction, valued at Rs. 1.90 billion, underscores the investor's confidence in realising returns while maintaining flexibi..