Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,856.80-80.7
Stock Analysis, IPO, Mutual Funds, Bonds & More

Trust Amity to supply coal to Tata's Mundra UMPP

The fuel efficient ship can carry over 20,000 MT of additional coal than a conventional 180,000 DWT capesize vessel, is built at Yangzijiang Shipbuilding Yard in China.

PTI|
Updated: Jul 05, 2016, 10.44 PM IST
0Comments
Tata Power's shipping logistics arm Trust Energy Resources Pte Ltd has added to its fleet a new Vessel 'Trust Amity'.
Tata Power's shipping logistics arm Trust Energy Resources Pte Ltd has added to its fleet a new Vessel 'Trust Amity'.
NEW DELHI: Tata Power's shipping logistics arm Trust Energy Resources Pte Ltd has added to its fleet a new Vessel 'Trust Amity' with a capacity of 208,000 DWT which will supply coal to its 4,000 MW Mundra Ultra Power Project.

"Trust Amity joins the fleet of Trust Energy to supply coal to Tata Power's 4000 MW Mundra Ultra Mega Power Project," the company said in a release.

According to the statement, it is the third vessel after Trust Agility and Trust Integrity, which are already in service.

The ship is the largest in the fleet and amongst the new larger capes, to call on Indian ports.

The fuel efficient ship can carry over 20,000 MT of additional coal than a conventional 180,000 DWT capesize vessel, and is built at Yangzijiang Shipbuilding Yard in China.

The ship has the latest fuel efficient technologies and features that make it a green ship.

The name Trust Amity, denotes the core value of the Tata Power group of collaboration, just as Trust Agility and Trust Integrity which also denote the cultural pillars.

Trust Energy, operates its fleet in collaboration with other large bulk operators to optimize on their utilization, both on front and back hauls. It has built its in house capabilities to manage all aspects of the shipping business.

Speaking on 'Trust Amity' christening, Trust Energy Managing Director K V Rao said in the statement,"It is a remarkable event, for us to christen and take delivery of Trust Amity, the largest ship in our fleet."

Adding further, Coastal Gujarat Power Limited, (Mundra UMPP) Executive Director K K Sharma said, "We look forward to receiving coal in MV Trust Amity, soon at Mundra. We rely on the expertise of Trust Energy, for our ocean transportation needs. They provide us an end to end solution, and the coal supply chain is efficiently managed, which is a critical need for our UMPP to run smoothly."

Also Read

Tata veteran Srinath leads race to head Tata Trusts

Tata Mutual Fund launches Tata Focused Equity Fund

UBS downgrades Tata Steel to ‘sell’ on deleveraging concerns

Tatas pump in more to CLiQ and grow

Ratan Tata to invest in Tork Motors

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service