KoPT has adopted a three-pronged strategy to revive the port system and is looking into inland waterways, ship repairing and cruise tourism, apart from normal cargo handling. What are the key initiatives planned in these areas?
Cargo remains our primary focus but diversification is something we are seriously looking into.
We are foraying into related industries and activities like ship repairing, for which we have entered into a joint agreement with Cochin Shipyard Ltd. We have two dry docks in Netaji Subhash dock where ship repairing has already started.
We also have three dry docks in Kidderpore dock where we plan to start the activity in future. We are planning to outsource operations at these three dry docks on a long-term basis. There is adequate infrastructure at these blocks. Apart from ship repairing, we may go for ship building as well, if required, through the outsourced agency.
Another area we are focusing on is unlocking the value of port land. The township policy is under preparation under which we will be earmarking the land required for port related purposes and also the land which can be utilised for activities like cruise and river front tourism. There is a parcel of around 32 acres of land near Kidderpore dock, which we are developing into a social space-cum-entertainment zone. It would have both social as well as commercial spaces.
How is the land development project progressing?
The work has already has started on river cruise. In the first phase, we are spending around ₹10 crore on beautification and making some basic facilities for the river cruise operators. The tender has already been awarded to an EPC contractor who would be building the project using the architectural plan provided by us. For phase two, we have started the survey and preparation of Draft Project Report for the development of 30 acres.
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Steel's Net Zero mission
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China manufactured 74 mt in September, fall of 21% y-o-y while Indiaâs production went up by 7% to 10 mt.
MOIL embarks on expansion projects
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âIn the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.â Baoshan Iron and Steel Co Ltd
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