Dubai Ports World (DP World) is creating a holding company to bring its Indian assets under one roof as it looks to expand its operations in the country.
JNPT will refer a bid submitted by DP World to ministry of shipping, after it emerged as lone bidder for construction of a berth at the port.
ABG Shipyard, the country's largest private sector shipyard, may raise Rs 1,000 crore to fund its expansion and working capital needs.
The latest call for strike comes at a time when JNPT is facing capacity concerns. The port has been unable to build a new container terminal to meet the increasing demand.
Jawaharlal Nehru Port Trust, is likely to face congestion as workers of Gateway Terminal have threatened to go on strike.
JNPT, the country's largest port, last year awarded the contract for construction of its fourth container terminal to a consortium led by Port of Singapore Authority and ABG Ports.
While the move to hike rates may breathe life into shipping industry, it has affected the competitiveness of Indian export sector.
Home ministry bars Adani Port, Lanco and Punj Lloyd from participating in port projects on security grounds
The union home ministry has barred three of the country's largest infrastructure companies from participating in two major port projects on security grounds.
SCI, which plans to tap into the upper segment of the offshore sector, had earlier signed a memorandum of understanding (MoU) with ONGC in 2006, but the project was later shelved.
Shipping Corporation of India's net loss widens more than nine times, total income rises 27%
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