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Witnessing Quantum Jump

In light of the various infrastructure development initiatives by our government and expansion plans declared by various related agencies, the Bulk Material Handling Equipment (BMHE) sector

MMTC is the sole bidder for CIL coal import contract

Coal India Ltd intends to import coal for meeting its supply obligation to the power sector. The coal giant has invited expression of interest in this regard. So far, only MMTC has shown interest in the coal import contract.

STCI, MMTC charged with inflating transport cost of coal

According to a CAG report, State Trading Corporation and MMTC increased the transportation cost of coal for NTPC during 2008-11 by choosing the wrong choice of ports for import of the fuel. According to a recent report of the Comptroller and Auditor General (CAG), both the state trading corporations imported coal for NTPC from the ports othe

Ports in Andhra witness decline in ore cargo

The hike in export duty on iron ore, increase in railway freight rates for export cargo of ore and the ban on illegal ore mining affected exports of the raw material. Gangavaram Port exported only 271,000 tonne this year as against 2.1 million tonne last fiscal. Other ports in Andhra Pradesh Visakhapatnam and Kakinada deep water ports lost 30 per cent in iron ore cargo traffic during 2012-13. In 2011-12, Kakinada Port

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