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Indian ports to make Rs 6,000 crore profit by 2016: Gadkari

Union Minister for Shipping, Road Transport and Highways Nitin Gadkari on Saturday said the profitability of the Indian port sector by the end of current year will reach around Rs 6,000 crore.

Around 12 million tonnes of iron ore stuck at Indian ports

Around 12 million tonnes of low-grade iron ore has been stuck at Indian ports for months, stranded as hefty export taxes and plunging prices make higher quality ore more appealing to buyers, said industry and government officials.

Govt plans Rail Corp exclusively for major ports: Gadkari

To bolster port development, the Centre plans to set up a Railway Corporation exclusively to build rail connectivity to 12 major ports.

Port capacity to double in 5 years: Plan Comm

The capacity of Indian ports will have to nearly double to 2,302 million tonnes (MT) over the next five years to be able to handle the fast growing cargo traffic, the Planning Commission has said.

JNPT to open bids for Rs 1,570-cr dredging on Jan 10

The Rs 1,570-crore dredging project to increase the draft of the channel leading to two of the country's largest ports -- JNPT and Mumbai Port—will commence next month, a top official said on Friday.