The port trust enters into pacts for capacity expansion, dredging and harbour operationsThe Visakhapatnam Port Trust (VPT) on Friday several memorandum of understanding (MoUs) worth ₹58,831 crore with stakeholders, ahead of the second Maritime India Summit, scheduled to be held in the city from March 2 to 4. An MoU was signed between the VPT and the HPCL worth ₹28,264 crore for capacity expansion. The ArcelorMittal Nippon Steel India also entered into a pact worth ₹600 crore with the VPT for enhancing the present capacity of the AMNS pelletisation plant. The Integral also entered into a MoU worth ₹38 crore for the installation and operation of harbour mobile cranes for higher productivity. Others MoUs worth about ₹3,316 crore were also signed, said VPT Chairman K. Rama Mohan Rao.

Source: The Hindu February 26, 2021 20:03 UTC