US firm to remove oil from sunken Mongolian shipOctober 9th, 2009 BHUBANESWAR - US-based marine service firm Resolve Marine Group has won the bid to remove oil from a Mongolian vessel that sank off Paradip harbour in Orissa last month. "The Florida-based company, which has branches in Singapore, has been assigned to pump the oil out of the sunken ship," a release from the Paradip Port said Friday.
Andhra-based company to plug holes of sunken shipSeptember 27th, 2009 BHUBANESWAR - A company based in Andhra Pradesh has been awarded the contract to plug the holes in a ship that sank off Orissas Paradip port Sep 9, a port official said Sunday. We have finalized the contract for the work to plug air vents, sounding pipes and other holes to ensure that there is no oil leakage from the ship, port deputy chairman Biplav Kumar told IANS.
Oil removal from sunken ship 'long process', wildlife body worriedSeptember 23rd, 2009 BHUBANESWAR - A global tender will be floated to pump the stored oil out of a Mongolian ship that sank off Orissa's Paradip port Sep 9, but the process could take up to a month, port officials said Wednesday. A wildlife society is concerned that the delay could harm the breeding ground of Olive Ridley turtles.
NTPC may sign gas agreement with Reliance IndustriesSeptember 10th, 2009 NEW DELHI - State-run power utility NTPC may sign an agreement to buy natural gas from Mukesh Ambani-run Reliance Industries (RIL) at the government-approved rate of $4.20 per unit for plants other than Kawas and Gandhar, Power Secretary H.S. Brahma said Thursday.
Royal KPN extends tender offer for remaining stake in iBasis until Oct. 23August 21st, 2009 Royal KPN extends tender offer for iBasisWILMINGTON, Del. — Dutch telecom company Royal KPN NV said Friday that it has extended its tender offer to acquire all the outstanding shares of iBasis Inc.
Apax Partners begins tender offer to acquire outstanding shares of BankrateJuly 29th, 2009 Apax Partners begins tender offer for BankrateNEW YORK — Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc. The value of the proposed transaction, which was announced last week, is roughly $570.8 million, excluding transaction fees and expenses, according to the companies.
Vizhinjam port must go ahead, say Kerala partiesJune 25th, 2009 THIRUVANANTHAPURAM - Kerala's ruling and opposition parties joined hands Thursday to say that the Rs.53.48 billion port in Vizhinjam must go ahead, a day after the developer who had won the bid to build the project pulled out on grounds of delays and legal tangles. Minister of Ports M.
Vizhinjam port project likely to get delayed furtherJune 19th, 2009 THIRUVANANTHAPURAM - Mumbai-based Zoom Developers, whose bid for the proposed Rs.53.48-billion port at Vizhinjam has been rejected, Friday said it would challenge the decision in court. "The chief minister (V.S.
Kerala to re-assess bid for Vizhinjam port developmentApril 29th, 2009 THIRUVANANTHAPURAM - The Kerala cabinet Wednesday asked the bid evaluation committee for the proposed Rs.53.48-billion Vizhinjam port to scrutinise the tender documents of the Mumbai-based Zoom Developers, whose bid had been rejected earlier. The decision was taken following a Supreme Court directive, Chief Minister V.S.
Kerala cabinet to decide on Vizhinjam port contractApril 28th, 2009 THIRUVANANTHAPURAM - The Kerala cabinet will Wednesday decide whom to award the contract to execute the proposed Rs.53.48-billion port at Vizhinjam - the bidding process for which had been challenged in court. The central government had cleared the proposal earlier this year, following which the state government awarded the contract to Lanco Infrastructure.
NCP to field four candidates in KeralaMarch 23rd, 2009 THIRUVANANTHAPURAM - The Nationalist Congress Party (NCP) will field four candidates in Kerala in the Lok Sabha elections. NCP state president K.
Kandla Port Trust to build four new cargo berthsMarch 5th, 2009 AHMEDABAD - The Kandla Port Trust (KPT) in Gujarat will construct four new dry cargo berths at the port at an investment of Rs.702 crore (Rs.7.02 billion), officials said. The berths, to be built under the public private partnership (PPP) and build-own-transfer (BOT) models, would be operational in two years, they said.
Kerala government refuses probe into Vizhinjam port projectFebruary 17th, 2009 THIRUVANANTHAPURAM - The entire opposition walked out of the Kerala assembly Wednesday after the state government refused to order a probe into the contract awarded to a private firm for the construction of Rs.53.48-billion port at Vizhinjam. Congress legislator V.D.
Kerala assembly's budget session starts FridayFebruary 10th, 2009 THIRUVANANTHAPURAM - The budget session of the Kerala assembly will start Friday and is expected to be stormy as the ruling Communist Party of India-Marxist (CPI-M) is hit by factionalism and corruption charges against a top party leader. 'The session would end on March 5 and the state budget for 2009-10 would be presented on Feb 20,' Speaker K.
Supreme Court asks Kerala to accept Zoom's Vizhinjam port tenderFebruary 9th, 2009 NEW DELHI/THIRUVANANTHAPURAM - The Kerala government Tuesday suffered a setback as the Supreme Court upheld the Kerala High Court's verdict asking it to consider Zoom Developers' tender quotation for the Rs.53.48 billion Vizhinjam port project. The Left Democratic Front (LDF) government had, through a tender, awarded the port project to a consortium of the Hyderabad-based Lanco Kondapalli Power Ltd, Malaysia-based Pembinaan Redzai Sdn Bhd and Lanco Infrastructure Ltd and for technical reasons did not consider the proposal of Zoom, which then went to court.
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