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NMPT inks 7 pacts for ₹1,417 crore investment in the port Updated: Updated: The biggest investment comes from MRPL Share Article The biggest investment comes from MRPL The New Mangalore Port Trust (NMPT) on Wednesday entered into seven memorandum of understandings (MoUs) for investment at the port in the run-up to the Virtual Maritime India Summit, 2021, scheduled between March 2 and March 4. NMPT chairman A.V. Ramana and other senior officers of the port signed the pact with different companies, including Mangalore Refinery and Petrochemicals Ltd., in the presence of Deputy Chief Minister C.N. Ashwath Narayan and Nalin Kumar Kateel, MP, during the Mangaluru Innovation Conclave. ....
The MOU was signed with Rohit Vora, director, Adani Cementation limited and KG Nath deputy chairman, NMPT. MANGALURU: The New Mangalore Port Trust (NMPT) and various stakeholders and prospective investors signed seven MoUs worth Rs 1,417 core at the Mangaluru Innovation Conclave on Wednesday. M Venkatesh, MD, MRPL and A.V Ramana Chairman, NMPT signed two MoUs including for the construction of a desalination plant in the land already leased out by NMPT at a proposed investment of Rs 637 crore. The other MoU was for the laying of BS-VI HSD pipeline from MRPL refinery premises to NMPT at a proposed cost of Rs 73 crore. ....