![]() Financial Daily from THE HINDU group of publications Friday, Apr 01, 2005 |
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Logistics
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Shipping Simplex to build 3rd box terminal at JN port Our Bureau
Mumbai , March 31 CONSTRUCTION work on the third container terminal at the Jawaharlal Nehru port was flagged off, with Gateway Terminals India, the terminal operator, awarding a Rs 108-crore work to Simplex Concrete Piles India Ltd for construction of wharf and approach bridge. Gateway Terminals is a joint venture between Maersk AS and Container Corporation of India. The work order represents the largest marine contract of similar nature in India. It involves widening of the main wharf for a stretch of about 750 metres by constructing new structures with marine piles and concrete deck, one new approach bridge and causeway reclamation. Simplex feels that marine construction would provide a significant flow of orders for construction companies, especially as the port throughput is expected to reach 565 million tonnes (mt) by 2006-07 and 900 mt by 2011-12. "We have targeted a growth rate of 25 per cent in our marine construction works. "We recently bagged a Rs 77-crore order for construction of a container terminal at Mundra. "The current bag of marine products include design and construction of the wet basin and dry dock at Paradip port, construction works for the Naval Dockyard at Visakhapatnam, construction of mooring dolphins at Paradip and design and construction of the intake jetty for KMDA, West Bengal," a company official said.
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