ESPLL signs pact with Paradip Port

Essar Shipping Ports and Logistics (ESPLL), a comprehensive logistics services company with presence in sea transportation, ports & terminals, logistics and oilfields services, has inked a License Agreement with Paradip Port Trust for the mechanisation of Central Quay – III berth with capacity to handle 16 million tpa of dry bulk cargo at Paradip Port, Orissa

ESPLL is expected to handle both third party and captive cargo at the berth. The license is for a period of 10 years, extendable by another five years with mutual consent.

In the past, the company was awarded the project for development of 14 million tpa Deep Draught Coal Berth at Paradip Port on BOT basis for a concession period of thirty years with a project cost of Rs 560 crore for handling third party cargo.

MoEF nod for Vedanta University

The MoEF has accorded clearance to the proposed Vedanta University in Orissa promoted by the Anil Agarwal Foundation (AAF). The project which has been facing land acquisition problems has also got the CRZ (Coastal Regulatory Zone) clearance.

AAF plans to develop a multi-disciplinary university on the Puri-Konark marine drive at an investment of Rs 5,000 crore. The university will be spread over 6,892 acre with a total construction area of 273.68 lakh sq mtrs.

As per the project blueprint, 1,500 acre is earmarked for academic block, 1,200 acre for R&D centre and research work and 1,092 acre for green belt and open spaces. A township is likely to come up over 2,100 acre for the faculty. A sports complex spread over 100 acre and an exhibition centre on 100 acre are other features of the university project.

Meanwhile, in the first phase of the university project, a 500-bed multi-specialty hospital will come up on 37 acre at a cost of Rs 400 crore.

L&T bags order for Paradip refinery

L&T has bagged an order worth Rs 1,400 crore from Indian Oil Corporation (IOC) for a 4.17 million tpa FCC (Fluidised Catalytic Cracker) reactor regenerator project of a grassroots fuel refinery at Paradip in Orissa.

INDMAX technology, indigenously developed by IOC R&D, is deployed for the FCC unit for converting heavy distillate and residue into LPG/light distillate product as the 15 million tpa refinery at Paradip is configured to process heaviest crudes.

The scope of work includes residual and detailed engineering, procurement, supply, manufacture, fabrication, construction, installation, pre-commissioning, commissioning and performance test run. The project is to be executed on lumpsum turnkey basis and is expected to start-up by July 2012.

The order has been bagged by Hydrocarbon Mid and Downstream Business Group of L&T’s Engineering & Construction Division.