iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Seacoast Shipping Services board updates on new projects in Gujarat

25 Feb 2022 , 11:49 AM

Business-man-pushing-graph

The Board of Directors of Seacoast Shipping Services Ltd has taken note of acceptance mail received from the Government of Gujarat for the proposal of the Company to work with the Government of Gujarat in Joint Venture. The Board has also decided to make further agreement with the Government to process the said Joint Venture, said company in a filing  on Thursday.

Major Key highlights of the said proposed are as under:

  • Development of Kharaba land into CFS in Joint Venture with Gujarat Government so as to facilate export and imports in Morbi/Navlakhi, Vatva or Changodar Area, Palanpur Belt, Kandla and Mundra as there is huge container movement of Imports and Exports where the cargo is moved to port by road.
  • Coastal Connection from Navlakhi and Jamnagar to kandla and Mundra by barge services to reduce the road movement as road movement is 180 KMS. Whereas by sea its just 45 K.Miles and at one go barge can carry upto 70 containers which will reduce the pollution on road and will be more cost effective.
  • India has potential of ports and Ship breaking but we Indians have never given thought of developing Ship building or dry-Docking for repairs and Maintenance of Ships.
Commenting on the occassion, the company said, “Looking to the above the Company hope to get the Good business opportunity from the Government of Gujarat.”

At around 11:51 AM, Seacoast Shipping was trading at Rs14.70 per piece higher by 6.14% on Sensex.

Related Tags

  • business expansion
  • news
  • Seacoast Shipping Services Limited
  • Seacoast Shipping Services Limited shares
  • Seacoast Shipping Services Limited stocks
  • takeover
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.