INDO-GULF MULLS SEPARATE Co FOR COPPER PROJECT JETTY

Article Abstract:

Indo Gulf Corporation (IGC) is thinking hiving off its Rs250 crore jetty at its Birla Copper project at Dahej in Gujarat into a separate company and is scouting for an international partner to pick up equity in the jetty project. IGC is holding talks with management consultancy firm, KPMG Peat Marwick, among other consultancy firms, to help it arrive at a capital structure for the jetty as well as negotiate with prospective partners. IGC wants a partner who is experienced in port and jetty management. The equity structure for the project is yet to be worked out and there are signs that the Birlas are not particular about picking up a majority stake in the project. The jetty is being set up to enable IGC to import copper concentrate, rock phosphate and coal for use at its Birla copper project. It will also enable IGC to export phosphoric acid. The jetty has a capacity of 2.5 million tonnes. (tsm)

All Other Heavy Construction, Strategy & planning, Dock Facilities, Rivers & Harbors Constructn, Harbors, Waterway construction, Docks, Indo Gulf Corp.

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HINDUJA VIZAG POWER PROJECT ON TRACK SOON

Article Abstract:

The 1040 mw Visakhapatnam power project promoted by the Hindujas is all set to go on stream with the finance ministry agreeing to the changes in the draft fuel supply agreement (FSA) as demanded by the coal ministry. The finance ministry is expected to send the comfort letter to the coal ministry by the end of September 1998. This letter will indemnify the Mahanadi Coalfields Limited (MCL) if the coal supply is disrupted because of the railways. (gsh)

Comment:

India: Visakhapatnam power project is all set to go on stream w/ Finance Min agreeing to changes in FSA as demanded by Coal Min

Fossil Fuel Electric Power Generation, Coal Thermal Electric Power, Coal fired power plants

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ISPAT TO SET UP JETTY AT VIZAG PORT

Article Abstract:

Ispat Industries has decided to set up a captive jetty at the Vizaj Port and expand its Dolvi terminal in Maharashtra. The captive jetty at the Vizag Port will have a storage terminal for liquefied petroleum gas and other petroleum products. The proposed expansion at the Dolvi terminal is to facilitate the movement of finished products from the company's recently commissioned HR coil plant. (khr)

Comment:

To set up a captive jetty at the Vizaj Port and expand its Dolvi terminal in Maharashtra

Ports, Ispat Industries Ltd.

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