Financial Daily from THE HINDU group of publications
Tuesday, Feb 07, 2006
Financial Daily from THE HINDU group of publications Tuesday, Feb 07, 2006 |
|
|
|
|
|
|
|
Logistics
-
Shipping Coal imports at Paradip: NTPC picks STC Our Bureau
Kolkata , Feb. 6 NATIONAL Thermal Power Corporation has appointed STC canalising agent for three-and-half months till April 15 for handling the power-grade coal being imported through Paradip port to meet the requirement of its Kanhia plant in Orissa,. STC, it is learnt, will handle an estimated eight-lakh tonnes during the period. Between June and December 2005, MMTC was the canalising agent for NTPC for the same job and handled an estimated 1.2 million tonnes. Meanwhile, Paradip Port Trust (PPT) has initiated a move to enter into an agreement with Iffco (Indian Farmers' Fertiliser Co-operatives) for leasing out the berth it had earlier leased out to the Oswals. The Oswals having sold its DAP (di-ammonium phosphate) fertiliser plant at Paradip to Iffco, the cancellation of the agreement PPT had with the Oswals regarding the use of the berth and signing of a new agreement with Iffco for the same purpose has become necessary. PPT, it is learnt, will offer the same terms and conditions to Iffco. The agreement with the Oswals, signed in August 1999, was valid till 2015. The agreement with Iffco too, it is learnt, will be valid till then. The virtual idling of the berth is costing PPT dearly. The 2.5 mt capacity handled 1.8 mt of cargo (all imports) in 2004-05 but only a meagre 3.5 lakh tonnes between April and September 2005. The Oswals sold the plant to Iffco in October and the berth has been lying idle since then.
More Stories on : Shipping | Coal | Power
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|