Haldia Bulk Terminals pulled out of 10-year contract for cargo-handling operations, blaming the political climate and "vested interest".
As already reported, citing continued threats to law and order and the security of its staffers, HBT announced on Wednesday that it was no longer bound by its 2010 agreement with the Kolkata Port Trust to run cargo handling operations at Haldia till 2020.
It had also washed its hands off the fourth container terminal at Jawaharlal Nehru Port Trust, despite making a winning bid, with Port of Singapore Authority as the lead partner.
The company cites safety of employees as reason for pullout after the abduction of three officials at gunpoint last Sunday
West Bengal Chief Minister Mamata Banerjee on Tuesday accused the Opposition Communist Party of India-Marxist and a section of media of running a misleading campaign on the deadlock at the Haldia dock.
ABG close to winning bid for container-handling berth at Haldia.
Labour unions bent on preserving jobs, with active help from the political class, is an old story in West Bengal.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
India, World Bank ink $375 mn deal to help develop country's first waterway
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