NHB launches Gruh Sugam Portal focusing on Defence, Paramilitary & Govt Personnel (See 'Corp Brief') IBC - Interim arrangement directing parties to maintain status quo, thereby preventing any alteration to nature of principal asset or creation of further third-party interests, should be continued until final disposal by NCLT: SC (See 'Legal Desk') Railway Minister reviews Progress of Kavach Implementation (See 'Corp Brief') Misc - Non-public servant can be proceeded against when initial case is registered u/s 13 of PC Act by virtue of Section 107 of IPC: SC (See 'Legal Desk') DoWR Secy chairs Regional Conference of State Water Secretaries in Telangana (See 'Corp Brief') IBC - Failure to exercise option of higher bid within prescribed timeline results in valid conclusion of auction in favour of highest bidder: NCLAT (See 'Legal Desk') CCI nod for addl stake of Valuedrive Technologies by Setu AIF Trust, Konark Trust, and MMPL Trust (See 'Corp Brief') CCI approves stake of Groww Asset Management by State Street Global Advisors (See 'Corp Brief') CCI approves acquisition of equity in Shriram Finance by MUFG Bank (See 'Corp Brief') CCI approves merger of Chess Merger Sub with and into Udemy Inc. (See 'Corp Brief') IBC - Non-inclusion of claim in resolution plan results in its extinguishment, and any claim which is not expressly included in resolution plan, and which is not expressly barred as per such plan, cannot be inferred: SC (See 'Legal Desk') CCI okays subscription of equity of Aditya Birla Renewables by GIP EM Star (See 'Corp Brief') Reddy calls for Accelerated Exploration of Critical Minerals at NMEDT Governing Body Meeting (See 'Corp Brief') National Centre to promote organic and natural farming (See 'Corp Brief') PMLA - Recourse to LOC can be taken by investigating agency in cognizable offences if accused is deliberately evading arrest or not appearing in trial court despite Non-Bailable Warrants: HC (See 'Legal Desk') Bharat 6G Alliance expands six-fold, emerging as key driver of 6G ambitions (See 'Corp Brief') Semicon India Programme boosts domestic Chip Manufacturing and Design Ecosystem (See 'Corp Brief') TRAI undertakes assessment of quality of service by conducting drive test (See 'Corp Brief') A&C - Once strong prima facie case of copyright infringement is established, interim injunction to protect copyright must typically follow: HC (See 'Legal Desk') CSR Conclave: 'Empowering Tribals through CSR' (See 'Corp Brief') CSIR & MEA jointly host Ambassadors from Global South (See 'Corp Brief') Nadda reaffirms India's Commitment to Eliminate TB Ahead of Global Targets (See 'Corp Brief') Ministry of Ayush and DBT announce collaborative Clinical Study on Ayurveda (See 'Corp Brief') IBC - Issues of fraud or existence of debt must be decided by insolvency tribunal, not civil court: HC (See 'Legal Desk') RBI strengthens Framework on Unauthorised Electronic Banking Transactions (See 'Corp Brief') Govt expands DEH Initiative to Boost District-Level Export Competitiveness (See 'Corp Brief') DPIIT signs MoU with leading AC company to strengthen manufacturing ecosystem (See 'Corp Brief') Two-Day Eastern Region Review Meeting of CGCA concludes (See 'Corp Brief') IPR - Minor variations in product that do not alter essential mode of operation of patented invention are considered mere engineering variations: HC (See 'Legal Desk') Paatil calls for 'Jan Bhagidari' to strengthen Water Conservation Efforts (See 'Corp Brief') IICA successfully concludes 4th Batch of Directors' Certification in Corporate Governance (See 'Corp Brief') Ministry of MSME assisting entrepreneurs in setting up of new micro enterprises (See 'Corp Brief') COFEPOSA - Dispute over rent or mesne profits for immovable property leased for commercial purposes is 'commercial dispute': HC (See 'Legal Desk') Amendments to Banking Regulation Act and MSCS Act, 2002 enhance oversight & accountability (See 'Corp Brief') MY Bharat mobilises Youth across 763 Districts for Shaheed Diwas Padyatra (See 'Corp Brief') PMLA - Even property acquired prior to commission of crime can be provisionally attached finding it falling in definition of 'proceeds of crime': SAFEMA (See 'Legal Desk') Ministry of Mines to launch 7th Tranche of Auction of Critical and Strategic Minerals (See 'Corp Brief') Jal Mahotsav 2026 gives momentum to 'Jal Sanchay se Jan Bhagidari' (See 'Corp Brief') Ministry of Mines to organise National DMF Summit 2026 (See 'Corp Brief') PMLA - High Court of Delhi lacked territorial jurisdiction to hear appeal filed against Appellant based in Kolkata; GST registration at Delhi, occasional hearings before Delhi Bench of NCLT do not establish that appellant ordinarily operates in Delhi: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

Key Projects worth Rs 13 Cr added at Paradip Port, Enhancing Infrastructure and Services

Published: Jul 29, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 29, 2024: T.K. Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways (MoPSW), made his maiden visit to Paradip Port Authority (PPA). During his visit he inaugurated and laid foundation stone of several significant projects worth more than Rs. 13 crores.

He inaugurated the Trauma and Burn Care (TBC) Centre in the newly constructed Annex building of Paradip Port Hospital. Constructed at a cost of Rs. 2.90 Crores, the centre will provide curative and rehabilitative services for trauma and burn victims in and around Paradip.

Secretary, Ramachandran laid the foundation stone for the Water Treatment Plant of PPA. The project, being constructed at a cost of Rs. 10.50 Crores, will receive raw water through Taldanda Canal and will have the capacity to filter 16 million litres of water per day. The plant is expected to be completed by December 2024, enhancing the water infrastructure of Paradip Port and supplying quality drinking water to the citizens of Port Township.

Ramachandran reviewed the functioning of the PPA and interacted with Heads of Departments and Deputy Heads of Departments. He also inspected and reviewed port operations, planning, and expansion at the Mechanized Coal Handling Plant, Twin Wagon Tipplers at JSWPTPL, and KICT silos. He suggested system improvement measures to increase productivity.

The Secretary suggested several measures aimed at improving the overall performance of the port operations. These recommendations are expected to enhance the capacity and streamline the workflow, contributing to Paradip Port's long-term growth and success.

It is to be noted that, the Paradip Port in Odisha is the highest cargo handling major port of the country. In the financial year 2023-24 PPA became highest cargo handling port by handling 145.38 million metric tonnes (MMT) cargo throughput.

The goal under Vision 2047 is to increase the port handling capacity to 10,000 MTPA. Contours of the plan will soon be spelled out. There will be avenues for private participation that are being worked upon. All ports are preparing a master plan in order to become mega ports by 2047. Improving port infrastructure and facilities, reducing turnaround time, and increasing handling capacity will be the bedrock of the 2047 target.

The latest goal is well above the targets set under the ongoing Sagarmala programme that aims boosting port capacity by 800 MMTPA to an overall 3,500 MMTPA by 2035.

As a part of Sagarmala programme, more than 800 projects at an estimated cost of Rs 5.5 lakh crore have been identified for implementation during 2015-2035. In a nearer goal, the Maritime India Vision (MIV) 2030 has a goal to develop global standard ports in India. The MIV 2030 estimates investments to the tune of Rs 1-1.25 lakh crore for capacity augmentation and infrastructure development at Indian ports.

TIOL CORP SEARCH

TIOL GROUP WEBSITES