MIRA INFORM REPORT

 

 

Report Date :

06.09.2011

 

IDENTIFICATION DETAILS

 

Name :

JAWAHARLAL NEHRU PORT TRUST

 

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai – 400 707, Maharashtra

 

 

Country :

India

 

 

Date of Incorporation :

Not Divulged

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEJ05125B

 

 

PAN No.:

[Permanent Account No.]

AAALJ0036D

 

 

Legal Form :

Government Owned Enterprise

 

 

Line of Business :

Providing Marine and Shipping Services

 

 

No. of Employees :

450 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established Port owned by Government of India.

 

Available information indicates high financial responsibility of the Port.

 

Trade relations are fair.

 

Payments are usually correct discounting procedural delay by any Government Organisation.

 

However subject can be considered good for any normal business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

INFORMATION DECLINED BY

 

Name :

Mr. Vasudevan Rao

Designation :

Accounts Head

Contact No.:

27244088 (Direct Number)

Date :

03.09.2011

 

 

LOCATIONS

 

Administrative Office :

Nhava Sheva, Taluka Uran, Navi Mumbai – 400 707, Maharashtra, India

Tel. No.:

91-22-27244196

Fax No.:

91-22-27244020

Website :

http://jnport.gov.in

 

 

BOARD OF TRUSTEES

 

Name :

Mr. S. S. Hussain

Designation :

Chairman

 

 

Name :

Mr. L. Radhakrishnan

Designation :

Chairman

Address :

v      Administration Building Sheva, Navi Mumbai – 400 707, Maharashtra, India

 

v      1107, Raheja Centre, 214, Nariman Point, Mumbai - 400 021, Maharashtra, India

Email :

chairman@jnport.gov.in

 

 

Name :

Mr. N.N. Kumar

Designation :

Deputy Chairman

Address :

v      Administration Building Sheva, Navi Mumbai – 400 707, Maharashtra, India

 

v      1107, Raheja Centre, 214, Nariman Point, Mumbai - 400 021, Maharashtra, India

Email :

chairman@jnport.gov.in

deputychairman@jnport.gov.in

 

 

Name :

Mr. Vijay Chhibber

Designation :

Additional Secretary and Financial Advisor

Address :

Ministry of Shipping, RT and H Transport Bhavan, 1, Sansad Marg, New Delhi – 110 001, India

Email :

asfamost@nic.in

 

 

Name :

Ms. Anita Agnihotri

Designation :

Member

 

 

Name :

K.S Aiyappe

Designation :

Board Member

 

 

Name :

R. Bargotra

Designation :

Member

 

 

Name :

A.K. Jain

Designation :

Member

 

 

Name :

Mr. Vishal Kalantri

Designation :

Member

 

 

Name :

Mr. Dinesh K. Patil

Designation :

Board Member

 

 

Name :

Mr. Bhushan Patil

Designation :

Board Member

 

 

Name :

A. Pednekar

Designation :

Board Member

 

 

Name :

V. Ramnarayan

Designation :

Member

 

 

Name :

Mr. Arvind Singh Rana

Designation :

Member

 

 

Name :

C.S. Sangitrao

Designation :

Member

 

 

Name :

Mr. Kuldeep Singh Sheoran

Designation :

Member

 

 

Name :

Lakshmi Venkatachalam

Designation :

Member

 

 

Name :

Dr. S.B. Agnihotri

Designation :

Director General of Shipping Directorate General of Shipping

Address :

Jahaz Bhavan, Walchand Hirachand Marg, Mumbai – 400 001, Maharashtra, India

E-mail :

sbagnihotri@dgshipping.com

john@dgshipping.com (ps to dg)

 

 

Name :

Mr. Rajesh Pathak

Designation :

Chief Freight Transportation Manager, Central Railway

Address :

General Manager’s Office 1st Floor, Annex Building, CST, Mumbai – 400 001, Maharashtra, India

E-mail :

cftm@cr.railnet.gov.in

 

 

Name :

Mr. K.R. Bhargava

Designation :

Chief Commissioner of Customs

Address :

Jawaharlal Nehru Custom House, Navi Mumbai – 400 707, Maharashtra, India

E-mail :

chiefcom@jawaharcustom.gov.in

 

 

Name :

Mr. Ashish S. Pednekar

Designation :

President, Maharashtra Chamber of Commerce, Industry and Agriculture

Address :

Oricon House, 6th Floor, 12, K Dubhash Marg, Fort, Mumbai – 400 001, Maharashtra, India

E-mail :

ashish@gvpco.in

 

 

Name :

Capt. Piyush Pal Singh

Designation :

President, Mumbai and Nhava Sheva Ship-Agents Association

Address :

901, Arcedia Building, 9th Floor, N.C.P.A. Marg, 195, Nariman Point, Mumbai – 400 021, Maharashtra, India

 

 

Name :

Mr. Nailesh V. Gandhi

Designation :

President, The Bombay Custom House Agents Association

Address :

73/74 Mital Tower , ‘C’ Wing, 7th Floor, Nariman Point, Mumbai – 400 021, Maharashtra, India

 

 

Name :

Mr. Kailash B. Murarka

Designation :

Trustee

Address :

B-202, Raghav, Vasant Vally, Gokuldham, Filmcity Road, Malad (East), Mumbai – 400 097, Maharashtra, India

 

 

Name :

Mr. Bhupendra Gupta

Designation :

Trustee

Address :

203/204, A Wing, Shiv Chambers, Sector 11, C.B.D. Belapur (East), Navi Mumbai – 400 614, Maharashtra, India

 

 

Name :

Mr. Ravi Raja

Designation :

Trustee

Address :

Plot No.224/F-1, ‘Tarang Building’, Tamil Sangam Road, Sion (East), Mumbai – 400 022, Maharashtra, India

 

 

Name :

Mr. Javed R. Shroff

Designation :

Trustee

Address :

Juhu Rupal, HSBC Bank Lane, 10th Road, Juhu Scheme, Mumbai – 400 049, Maharashtra, India

 

 

STAFF DIRECTORY

 

Name :

Mr. L. Radhakrishnan

Designation :

Chairman

Email :

chairman@jnport.gov.in

 

 

Name :

Mr. K.N. Nair

Designation :

PS to Chairman

Email :

kesavannair@jnport.gov.in

 

 

Name :

Mrs. M.S. Joshi

Designation :

APS to Chairman

Email :

maitreyeejoshi@jnport.gov.in

 

 

Name :

Mr. N.N. Kumar

Designation :

Deputy Chairman

Email :

deputychairman@jnport.gov.in

 

 

Name :

Mr. M.A. Nair

Designation :

PS to Deputy Chairman

Email :

mannuzhinair@jnport.gov.in

 

 

Name :

Mr. A.P. Srivastava

Designation :

Chief Vigilance Officer

Email :

cvo@jnport.gov.in

 

 

Name :

Mr. V.N. Datar

Designation :

PA to CVO

Email :

vivekdatar@jnport.gov.in

 

 

Name :

Capt. Jitendra Mishra

Designation :

Deputy Conservator

Email :

jmishra@jnport.gov.in

 

 

Name :

Mr. S.K. Kaul

Designation :

Chief Manager-Administration and Secy.

Email :

skkaul@jnport.gov.in

 

 

Name :

Mr. S.N. Maharana

Designation :

Chief Manager-Operations

Email :

snmaharana@jnport.gov.in

 

 

Name :

Mr. G. Senthilvel

Designation :

C M (Finance)

Email :

cmf@jnport.gov.in

 

 

Name :

Mr. P.Y. Deshmukh

Designation :

C M (PP and D)

Email :

cmppd@jnport.gov.in

 

 

Name :

Mr. Dilip S. Garde

Designation :

Senior Manager-Container

Email :

dilipgarde@jnport.gov.in

 

 

Name :

Mr. S.M. Shetty

Designation :

S M (M and ES)

Email :

smshetty@jnport.gov.in

 

 

Name :

Capt. B.S. Kumar

Designation :

Senior Dock Master

Email :

bskumar@jnport.gov.in

 

 

Name :

Mr. Anant K. Hambarde

Designation :

Senior Manager-Projects and Finance

Email :

ananthambarde@jnport.gov.in

 

 

Name :

Mr. M.G. Ahire

Designation :

Senior Manager-Personnel and Investor Relations

Email :

mgahire@jnport.gov.in

 

 

Name :

Mr. K.V. Rajan

Designation :

Incharge of Finance

Email :

kvrajan@jnport.gov.in

 

 

Name :

Mr. U.K. Sharma

Designation :

S M (PP and D)

Email :

upendrasharma@jnport.gov.in

 

 

Name :

Dr. Raj Hingorani  

Designation :

Medical Supdt.

Email :

rajhingorani@jnport.gov.in

 

 

Name :

Mr. R.K. Gurav

Designation :

Manager (MS)

Email :

rajangurav@jnport.gov.in

 

 

Name :

Mr. Jitendra Mishra

Designation :

Deputy Conservator

 

 

Name :

K.M. Anklekar

Designation :

Deputy Manager-Vigilance

 

 

Name :

A.P. Srivastava

Designation :

Chief Vigilance Officer

 

 

LOCAL AGENCY FURTHER INFORMATION

 

HISTORY

 

Jawaharlal Nehru Port (also known as Nhava Sheva) is a port in Maharashtra, India that borders the Arabian Sea. The sea port is named after the first Prime Minister of India, Jawaharlal Nehru.

 

The port is run by the Jawaharlal Nehru Port Trust, an organisation entrusted with the operations of the large shipping port in Navi Mumbai, India and controlled by the Central Government of India. The port lies on the mainland, opposite the city of Mumbai across the Thane Creek. The port was created to augment the shipping capacity in Mumbai and provide an alternative to merchants wanting to save octroi charges imposed by the Brihanmumbai Municipal Corporation. Subject also has daily ferry service to Gateway of India. The Central Industrial Security Force is the designated security agency for the port.

 

It is well connected to major highways and rail networks in India. The closest suburban railheads are CBD Belapur and Panvel. The port handles 65% of India's container traffic has a berthing period of 37 hours which is considered to be very long.

 

Jawaharlal Nehru Port encompasses an area of 10 km˛ but access roads are poor with only a muddy two lane entry road. New terminal access points and connecting roads are proposed but have not yet been constructed.

 

Subject, an autonomous body under the Major Port Trusts Act, 1963, was commissioned on 26th May, 1989. The port was originally planned to decongest the Mumbai port and serve as a hub port for container handling for the region. Subject became the first Indian port to handle more than 1 million TEUs (twenty foot equivalent unit, the measure used for container traffic) in 2000-01. In view of the increasing containerised trade, a third container terminal was tendered in October 2002 and awarded in August 2004 to Gateway Terminals of India Private Limited (GTIPL). GTIPL has begun the construction and operations are expected to begin by early 2006. As stated by the Department of Shipping, “The increased volume of container traffic has put a lot of strain on the existing (landside) infrastructure, leading to the problem of frequent congestion in the port.” The author was approached by the Ministry of Commerce for a diagnostic study of subject. The study was carried out during February to April 2005. As part of the study, it was decided to keep in perspective three scenarios of traffic: (i) upto 2.5 million TEUs, ie the current levels, (ii) upto 4 million TEUs, ie from mid 2006 as GTIPL becomes operational and (iii) beyond 4 million TEUs, when the fourth box terminal is made operational. This paper presents the analysis and recommendations of the study.

 

NHAVA SHEVA

 

Nhava Sheva is the largest port in India, handling close to 50% of the country's port traffic. The main goods exported are cotton shirts, knitted t-shirts, sporting goods, carpets, other textile articles like embroidery machines and etc., boneless meat, and medicaments. The main imports are chemicals, machinery, plastics, electrical machinery, vegetable oils and aluminum and other non-ferrous metals. It has access to neighbouring Mumbai and to the hinterland of Maharashtra, Madhya Pradesh, Gujarat, Karnataka and most of North India. It is located south east of Mumbai.

 

The port was developed to relieve pressure of the port of Bombay (Mumbai) in Bombay proper and was commissioned on May 26, 1989. It has three terminals: JNPCT, NSICT and GTI (Gateway Terminal of India). NSICT is India’s first privately managed container terminal. It is run by Dubai Ports World. Currently it is managed under a Build-Operate-Transfer agreement set up with subject of the Government of India.

 

JAWAHARLAL NEHRU PORT TRUST:

 

Jawaharlal Nehru Port is a port in Maharashtra, India that borders the Arabian Sea. The sea port is named after the first Prime Minister of India, Jawaharlal Nehru.

 

The port is run by the Jawaharlal Nehru Port Trust, an organisation entrusted with the operations of the large shipping port in Navi Mumbai, India and controlled by the Central Government of India. The port lies on the mainland, opposite the city of Mumbai across the Thane Creek. The port was created to augment the shipping capacity in Mumbai and provide an alternative to merchants wanting to save octroi charges imposed by the Brihanmumbai Municipal Corporation. Subject also has daily ferry service to Gateway of India. The Central Industrial Security Force is the designated security agency for the port.

 

It is well connected to major highways and rail networks in India. The closest suburban railheads are CBD Belapur and Panvel. The port handles 65% of India's container traffic has a berthing period of 37 hours which is considered to be very long. GTI one of the three container terminals in subject has set national record for berth productivity of 235.92 moves/hour on 25th Jan 2010 on vessel M.V EVER RACER(WCIX service).The entire operation was performed in just 13 hours and 10 mins, during which 3295 moves (4136 teus) were performed.

 

Jawaharlal Nehru Port encompasses an area of 10 km˛. New terminal access points and connecting roads are proposed but have not yet been constructed.

 

CONTAINER TERMINAL

 

·         Three berths (Linear quay length of 680 Metres)

·         Can handle third generation container vessels.

·         Rail mounted quay cranes - (RMQC): 8

·         Post Panamax - 6 No.

·         Super Post Panamax - 2 No

·         Rubber tyred gantry cranes - (RTGC): 18 numbers

·         Rail mounted gantry cranes - (RMGC): 5 numbers.

·         Present capacity: 6,00,000 TEUs per annum.

·         Main Container yard: 35 hectares (30,000 TEUs capacity)

·         Additional paved area: 1,80,000 square metres.

·         Reach stackers: 10 numbers.

·         Tractor Trailers: 120 numbers.

·         Fork lifts: 3 numbers.

·         Reefer slots: 280 numbers.

 

SHALLOW DRAUGHT BERTH

 

A 445 Long Shallow Draught Berth for vessels upto 170 meters LOA and upto 9.00 meters draught has been commissioned for handling Feeder Container Vessels, Dry Bulk (Fertiliser , Fertiliser raw material, Sugar etc.) and General Cargo vessels with a capacity addition of about 1.2 million tonnes per annum.

 

NSICT

 

PRIVATE CONTAINER TERMINAL (NSICT):

 

In view of continuous growth in container traffic and meet growing demand of business community and trade partners to have additional facilities for handling the same, the Port took initiative for the first time in India to introduce the private participation and invite global tenders for developing new Container Terminal to augment container handling capacity of JN Port. JN Port entered into a license agreement in July 1997 with M/s. Nhava Sheva International Container Terminal (NSICT) a consortium led by M/s. P and O Ports, Australia, for construction, operation and management of a new 2 berth container terminal on BOT basis for period of 30 years. The same was fully operational from July 2000. The project comprises construction of 600 Mtrs. quay length; reclamation of 20 hectors of area for container yards and requisite container handling equipment along with other related facilities. The design capacity of this new 2-berth container Terminal was considered as 7.2 Million Tonnes per year. However, this capacity is further augmented and currently assessed as 15.6 million tonnes per year.

 

·         No of ground slots: 6222 ground slots, out of which 620 ground slots at ICD.

·         600 Metres linear quay length

·         Rail mounted quay cranes - (RMQC)
Post Panamax - 6 numbers
Super Post Panamax - 2 numbers

·         Rubber tyred gantry cranes - (RTGC): 29 numbers

·         Rail mounted gantry cranes - (RMGC): 3 numbers.

·         Reefer points: 672 numbers.

·         Backup Area - 26 Hectares (Container Yard)

·         Railway Sliding for ICD - Two Tracks

·         Tractor Trailers - 34 numbers owned about 100 numbers hired

·         Reach stackers - 3 numbers.

·         Empty Handlers - 2

 

CONTACT DETAILS

 

NHAVA SHEVA INTERNATIONAL CONTAINER TERMINAL PRIVATE LIMITED


Operation Center, Sheva, Navi Mumbai – 400 707, Maharashtra, India

Telephone: 91-22-55901234

Facsimile: 91-22-55902415

Website: http://www.nsict.co.in

 

GATEWAY TERMINALS INDIA PRIVATE LIMITED

 

Gateway Terminals India (GTI) is a joint venture between APM Terminals and the Container Corporation of India Limited (CONCOR). Incorporated in July 2004. GTI operates the third container terminal at Jawaharlal Nehru Port on a build, operate and transfer (BOT) basis for a period of 30 years. It commenced partial operations in March 2006 and became fully operational from October, 2006.

 

 

THE TERMINAL WILL HAVE THE FOLLOWING EQUIPMENT:

 

Rail-Mounted Quay Cranes

10 nos. (post-Panamax, 18 wide reach)

Rubber-Tyred Gantry Cranes

40 (for yard operations)

Rail-Mounted Gantry Cranes

3 (for rail transfers)

Reach Stackers

2

Empty Handlers

2

Tractor-Trailers

90

Fork Lifts (small)

4

Twin Lift Spreaders

61 mt rated load

 

DOWNLOAD FLOTILLA DETAILS:

 

Pilotage:

The port provides round the clock pilotage to all ocean going vessels calling the port

 

Night Navigation: 

Since February 1998, subject has launched night sailing of long Panamax Container Vessels upto 270 M LOA and 12 M draft on a regular basis which are largest vessels to transact the Mumbai Harbour at night.

 

Vessel Traffic Management System:

Regular co-ordination of vessel movement is being carried out through collection, verification, organisation and dissemination of information through this system.

 

Anti Pollution measures:

The pollution control cell carries out regular regular inspection and control checks on all vessels entering the port.

 

Flotilla: 

Pilot Launches: 5 Nos

Tugs: 8 Nos. (3 Nos. 30 Ton Bollard Pull and 2 Nos 45 Tons Bollard Pull)

Mooring Launches: 2 Nos

VIP Launches: 2 Nos

 

SLUDGE OIL RECEPTION FACILITY

AS PER REGULATION 12, MARPOL 73/78 AS ON 30.10.2010

LIST OF APPROVED CONTRACTORS

 

1. SLUDGE OIL RECEPTION FACILITIES REGISTERED PARTIES AS ON 10/02/2011

 

 

Sr No.

Name of the party

Validity  period

 

1

M/s  Sai Om Petro Specialities Limited

SubhasNagar,Village Road, Opp. Kilburn Engg. Limited, Bhandup(W) 400078 Tel-25666687,4238  Fax-25669908  

E-mail sopsl@vsnl.net

03.03.2011

 

2

M/s.Taxoil Lubricants Private Limited

2-25/27, Piru Lane, Matiwala Building, Near J.J. Hospital,  Mumbai-400 009, Maharashtra, India

Contact No. 23726450/23726551 fax No.23739384

taxoil@yahoo.com

31.03.2011

 

 

3

Daya Lubricants Private Limited

202-203, Sai Commercial Centre, 504,Linking Road, Khar

Tel. 6481564/ 6483046 , Fax.6483815

e-mail exim@dayalubricants.com

09.03.2011

 

 

4

North East Lubrica Private Limited,

Survey No. 404, Abitghar Village, Tal. Wada, District Thane – 421303.  Contact No. 9833672467

www.nelubrica.com

31.03.2011

 

5

Balaji Rang Udyog Private Limited

35, Ramnik Smruti, 3rd Floor Station Road, Vikhroli (West), Mumbai – 400 083, Maharashtra, India

30.04.2011

 

 

6

Meher Petro Chem. Private Limited

203/5, Ground Floor, Tarvotti Bhavan, P D’ Mello Road, Opposite St. George Hospital, Fort, Mumbai-400 001, Maharashtra, India

Tel. Fax.22659685, E-mail meherpetrochem@vsnl.net

31.03.2011

 

 

7

Industrial Esters  Private Chemicals Private Limited,

202, Madhav Apartment, Jawahar Road, Ghatkopar (East), Mumbai – 400 077, Maharashtra, India

Contact No. 25011359 Fax No. 25010607

email - industrial_esters@yahoo.co.in

18.04.2011

8

Shree Pooshp- Hans Chemicals

403/404, Dev Krupa Premises, Co-operative Housing Society Limited, 4th Floor, 28, Raichur Street, Dana Bunder, Mumbai-400 009, Maharashtra, India

28.02.2011

 

2.  Reception Facility as per Regulation 7 (1), of MARPOL 73/78

 

Name of the party

Remarks

Avdhut Majoor Sahakari Sanstha Limited

At Dhutam, Post. Jasai, Tal. Uran, District Raigad.

Contact No. 9870946115

Valid till  03.04.2011

 

PRESS RELEASES:

 

JNPT TERMINAL PROJECT RUNS INTO ROUGH WEATHER

 

30 August 2011

 

NEW DELHI: The Rs.80000.000 millions container terminal expansion plan of the Jawaharlal Nehru Port Trust (JNPT), which is expected to double its capacity, has run into difficulty after the port's board raised doubts about the consortium that won the bid to undertake the country's largest terminal project.

 

The JNPT board has raised questions over the performance of the preferred consortium - PSA Mumbai Investment and ABG Ports - because of its "mixed track-record" in two other projects - the container terminals at Kandla and Kolkata Port Trust.

 

However, the shipping ministry has objected to the JNPT board's decision and has asked the port to follow the rule book. A senior official said the JNPT board has been told they should have verified the track record of the consortium during the qualification stage. "If its work was not satisfactory, it could have been disqualified by the board," said the official.

 

The bid for this project was floated in March, 2009, but financial bids were delayed by two years due to court cases. The financial bids were opened last month and the consortium of PSA Mumbai Investment and ABG ports emerged as the preferred bidder. Subsequently, the tender committee recommended that the letter of award (LoA) could be issued to the consortium.

 

However, at the latest meeting of the board of trustees on August 10, some of the members had made adverse remark about the performance of the consortium in two other projects where ABG Ports was the lead member. Sources said the apprehension was that the JNPT project was too important to be handed over to a consortium that had "under-performed" in two other key projects.

 

The JNPT board has set up a panel to assess the work undertaken by the consortium at Kandla and Kolkata and it was felt that utmost caution should be taken before awarding the project to the consortium. But the shipping ministry official said there was no legal provision of constituting a committee to find out the performance of the consortium in two other projects. The PSA International of which the PSA Mumbai Investment is a subsidiary did not respond to queries sent by TOI which were emailed to them on Sunday night.

 

INDIA'S JNPT TO RAISE US$325MLN VIA TAX-FREE BOND ISSUE

 

29 August 2011

 

MUMBAI, Aug 29Asia Pulse - India's biggest container port JNPT has said it will raise Rs.15000.000 millions (US$325.04 million) through a tax-free bond issue this fiscal year for undertaking dredging works.

 

The money will fund the first phase of a Rs.55000.000 millions dredging project that aims to increase the draft of the Mumbai harbour's channel, a top official said.

 

"We can issue infra bonds of up to Rs.50000.000 millions and we will be raising Rs.15000.000 millions before March," Jawaharlal Nehru Port Trust's (JNPT's) Chairman L Radhakrishnan told reporters on the sidelines of a Ficci conference here.

 

It will raise Rs.5000.000 millions through 10 year bonds and the remaining Rs.10000.000 millions through 15 year maturity bonds, he added.

 

JNPT is undertaking a two-phased project of dredging which will increase the draft of the channel to 17 metres from the present 11 metres.

 

The first phase will be completely funded through the bond issue while the JNPT is contemplating multiple options to fund the second phase of Rs.40000.000 millions.

 

It has received five bids for the first phase, Radhakrishnan said, adding that work is expected to start by November and the JNPT is aiming to complete it in two years.

 

The JNPT also plans to develop a Rs.40000.000 millions special economic zone spread over 750 acres near the port situated on the east of downtown Mumbai, he said.

 

This is the first phase of the SEZ project, to be spread over 3000 acres once fully complete, and the JNPT is looking for multiple options to finance the investment, Radhakrishnan said.

 

It can be funded either through a bond issue, internal accruals or by adopting the public-private-partnership route, he said.

 

As part of the first phase of the project, which got commerce ministry nod last week, JNPT plans to house multiple products and will be specifically looking at creating infrastructure for processing industries for doing last minute value addition before the products are shipped, he said.

 

JNPT has hired IL and FS as a consultant for the project, Radhakrishnan said, adding it is targeting to finish the first phase in three years.

 

JNPT TO RAISE RS.15000.000 MILLIONS THROUGH TAX-FREE BOND ISSUE

 

25 August 2011

 

Mumbai, August 25 2011 (PTI) -- The country's biggest container port JNPT today said it will raise Rs.15000.000 millions through a tax-free bond issue this fiscal for undertaking dredging works.

 

The money will fund the first phase of a Rs.55000.000 millions dredging project that aims to increase the draft of the Mumbai harbour's channel, a top official said.

 

"We can issue infra bonds of up to Rs.50000.000 millions and we will be raising Rs.15000.000 millions before March," Jawaharlal Nehru Port Trust's (JNPT's) Chairman L Radhakrishnan told reporters on the sidelines of a Ficci conference here.

 

It will raise Rs.5000.000 millions through 10 year bonds and the remaining Rs.10000.000 millions through 15 year maturity bonds, he added.

 

JNPT is undertaking a two-phased project of dredging which will increase the draft of the channel to 17 metres from the present 11 metres.

 

The first phase will be completely funded through the bond issue while the JNPT is contemplating multiple options to fund the second phase of Rs.40000.000 millions.

 

It has received five bids for the first phase, Radhakrishnan said, adding that work is expected to start by November and the JNPT is aiming to complete it in two years.

 

The JNPT also plans to develop a Rs.40000.000 millions special economic zone spread over 750 acres near the port situated on the east of downtown Mumbai, he said.

 

This is the first phase of the SEZ project, to be spread over 3000 acres once fully complete, and the JNPT is looking for multiple options to finance the investment, Radhakrishnan said.

 

It can be funded either through a bond issue, internal accruals or by adopting the public-private-partnership route, he said.

 

As part of the first phase of the project, which got commerce ministry nod last week, JNPT plans to house multiple products and will be specifically looking at creating infrastructure for processing industries for doing last minute value addition before the products are shipped, he said.

 

JNPT has hired IL and FS as a consultant for the project, Radhakrishnan said, adding it is targeting to finish the first phase in three years. PTI AA AP VKV RAH NS 08252019

 

EROSION AT MUMBAI'S DOORSTEP

 

17 August 2011

 

URAN: Rising sea levels and rapid soil erosion have landed at Mumbai's doorstep.

 

If climate-change sceptics take a walk on the Uran beach, 50-odd km from Mumbai, they can witness the damage wreaked on the shores.

 

Large tracts of wetland at Uran, which flamingoes used to throng, have now been reclaimed by the Jawaharlal Nehru Port Trust and the land, which was once under water, has now been filled up with mud. In what could well be called a case of instance karma, the sea, as if in revenge, has been lashing the tiny strip of Uran beach with renewed vigour, eroding it. A survey of the beach reveals massive soil erosion, with roots of coconut trees exposed above the sand and some trees even uprooted.

 

In a bid to save their hamlet situated off the shores, the panchayat of Nagaon has now pooled in its meagre resources to line boulders along the beach. But deputy sarpanch Swapnil Mali believes that the government should do its bit to help them save the shoreline. "We have to face the onslaught of the swelling waves crashing on the shore, especially during the rains. If the government wants to reclaim the sea and develop the east side of Uran, it is its responsibility to protect us from erosion," he said, adding that the village would launch an agitation if their demand was not met.

 

Mali claims that the gram panchayat has written to state authorities but has not received any reply. "Our fields are just 200 m from the beach," says Mali. So, if the implacable erosion continues, their agricultural tracts of lands will also be washed away by the sea. Even the ONGC plant was under threat. But state environment secretary Valsa Nair claimed not to have received any complaint from Uran. "I will send a team to inspect," she told TOI.

 

The greens look at the scene as a futile battle against the sea that follows its own rules and it cannot be harnessed with mere boulders. "If reclamation is carried out on one side, the sea will take over from the other. There's no conquering the sea," says Stalin D, project director of Vanashakti, an NGO working in the field of conservation. He feels that erosion is all the more accentuated by the continuous destruction of the natural barriers, such as mangroves and boulders cannot substitute for the sturdy tree cover. "Because of the reclamation at Uran, the ingress of sea water into creeks and low-lying areas has been clogged, as a result of which the sea pushes against whatever land available," he said. Deepak Apte, head of Bombay Natural History Society's maritime conservation programme, said the sea had its own boundaries. "You cannot try to draw your boundaries along the sea," he said.

 

Times View Soil erosion at Uran is a pointer to what the future holds for Mumbai. Government agencies - as well as people living near the coast-need to learn lessons from what's happening at Mumbai's doorstep. And the lessons need to be learnt fast; repeating the Uran mistakes in Mumbai's ecologically fragile zone can lead to an environmental disaster of unmanageable proportions. We need to understand that destruction of nature has a direct bearing on our lives.

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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CORPORATE GOVERNANCE

 

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Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.94

UK Pound

1

Rs.74.28

Euro

1

Rs.64.97 

 

 

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RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

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Large

56-70

A

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Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

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Credit not recommended

-

NB

                                       New Business

-

 

 

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