Maytas Infra bags order for deep water port at Machilipatnam
Maytas Infra along with Nagarjuna Construction Company, SREI Infrastructure Finance and Sarat Chatterjee and Company has received a contract for the construction of all weather deep water port at Machilipatnam.
By INDIATIMES NEWS NETWORK |
MUMBAI: Maytas Infra along with Nagarjuna Construction Company, SREI Infrastructure Finance and Sarat Chatterjee and Company has received a contract for the construction of all weather deep water port at Machilipatnam from Andhra Pradesh government. Maytas Infra is a Hyderabad based construction and infrastructure development company.
"Maytas Infra is proud to be associated with Machillipatnam deep water port that will provide a strong impetus to the development activity in this region. The project would be developed in 3 years, and we look forward to contributing for the progress of our Andhra Pradesh state," said Teja Raju, Vice Chairman, Maytas Infra.
The port, well connected by road and rail and in close vicinity of Gannavaram airport has a good potential for handling coal requirements of Vijayawada Thermal Power Plant and other cement plants spread in the Krishna belt. On completion, the Machilipatnam Deep Water Port will be well equipped to handle exports of agricultural produce, minerals and other commodities from the surrounding districts.
On Wednesday, Maytas Infra share closed down 2.38 per cent to Rs 631.35 on BSE.
"Maytas Infra is proud to be associated with Machillipatnam deep water port that will provide a strong impetus to the development activity in this region. The project would be developed in 3 years, and we look forward to contributing for the progress of our Andhra Pradesh state," said Teja Raju, Vice Chairman, Maytas Infra.
The port, well connected by road and rail and in close vicinity of Gannavaram airport has a good potential for handling coal requirements of Vijayawada Thermal Power Plant and other cement plants spread in the Krishna belt. On completion, the Machilipatnam Deep Water Port will be well equipped to handle exports of agricultural produce, minerals and other commodities from the surrounding districts.
On Wednesday, Maytas Infra share closed down 2.38 per cent to Rs 631.35 on BSE.
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