Mangalore port鈥檚 container terminal to begin operations by March-end
13 Mar 2022
2 Min Read
CW Team
JSW Mangalore Container Terminal Pvt Ltd, the company charged with creating and operating the container terminal at New Mangalore Port via a public-private partnership (PPP) mode, is likely to begin commercial operations by the March-end.
AV Ramana, Chairman of New Mangalore Port Authority (NMPA), told the media that the commercial operations of the integrated container terminal at berth no 14 would take off by the fourth week of March.
Currently, NMPA is handling nearly 1.5 lakh twenty-foot equivalent units (TEUs) of containers every year. Once the JSW terminal is settled, the port can manage up to three lakh TEUs within one year.
JSW's project at New Mangalore Port aims to mechanise berth 14 for container and additional clean cargo handling. The container terminal would be built in two stages for a total cost of Rs 280.71 crore. The phase-1 of the project, which began in January 2021 and is almost complete.
KG Nath, Deputy Chairman of NMPA, said the mechanisation of berth no 14 is likely to boost efficiency, lower turnaround time and logistics prices, and make the supply chain seamless.
As it is crucial to set up sufficient infrastructure for trade, NMPA has proposed to build a new berth no 17 for multi-purpose cargo handling. The estimated cost would be Rs 217 crore, and it would be executed through engineering, procurement and construction (EPC) mode.
He said the project is expected to develop around 2,000 jobs. According to the detailed project report (DPR), berth no 17 is likely to produce a tonnage of 4.73 million tonnes yearly.
The chairman said that NMPA is also working to construct a fishing harbour at Kulai, near the port, for Rs 197 crore.
The project would employ 2,720 sea-going fishermen, and 1,280 persons in shore-based institutions and allied industries.
Also read: Ports and shipping minister launches projects at New Mangalore Port
JSW Mangalore Container Terminal Pvt Ltd, the company charged with creating and operating the container terminal at New Mangalore Port via a public-private partnership (PPP) mode, is likely to begin commercial operations by the March-end.
AV Ramana, Chairman of New Mangalore Port Authority (NMPA), told the media that the commercial operations of the integrated container terminal at berth no 14 would take off by the fourth week of March.
Currently, NMPA is handling nearly 1.5 lakh twenty-foot equivalent units (TEUs) of containers every year. Once the JSW terminal is settled, the port can manage up to three lakh TEUs within one year.
JSW's project at New Mangalore Port aims to mechanise berth 14 for container and additional clean cargo handling. The container terminal would be built in two stages for a total cost of Rs 280.71 crore. The phase-1 of the project, which began in January 2021 and is almost complete.
KG Nath, Deputy Chairman of NMPA, said the mechanisation of berth no 14 is likely to boost efficiency, lower turnaround time and logistics prices, and make the supply chain seamless.
As it is crucial to set up sufficient infrastructure for trade, NMPA has proposed to build a new berth no 17 for multi-purpose cargo handling. The estimated cost would be Rs 217 crore, and it would be executed through engineering, procurement and construction (EPC) mode.
He said the project is expected to develop around 2,000 jobs. According to the detailed project report (DPR), berth no 17 is likely to produce a tonnage of 4.73 million tonnes yearly.
The chairman said that NMPA is also working to construct a fishing harbour at Kulai, near the port, for Rs 197 crore.
The project would employ 2,720 sea-going fishermen, and 1,280 persons in shore-based institutions and allied industries.
Image Source
Also read: Ports and shipping minister launches projects at New Mangalore Port
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..