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Gangavaram Port has no connection with Satyam.
It was
clarified in our Press
Release dated Jan 16, 2009 that Lakeside Investments
Limited, Mauritius is a 100% owned and controlled investment
company of Warburg Pincus, a USA based international
private equity investor. Lakeside has shareholding in
Gangavaram Port Limited and has no connection with Lakeview
Investments Limited, allegedly a Mauritius based company
named in certain section of media in connection with
Satyam fiasco.
Recently,
Financial Services Commission (FSC), Mauritius has clarified
vide its Press Release dated Jan 17, 2009 that there
does not exist any company in Mauritius by the name
Lakeview Investments Limited. Excerpts from the said
Press Release-
"Following various media reports relating
to Satyam Computer Services Limited (an Indian company),
according to which the proceeds of alleged fraudulent
practices of the company have been “siphoned off” through
Lakeview Investments Mauritius (allegedly a Mauritian
company), the Financial Services Commission wishes to
state that the company mentioned in these reports is
not on the Commission’s register of licensees."
This FSC Press Release can be accessed
from their website http://www.gov.mu:80/portal/sites/ncb/fsc/index.html
or via direct link http://www.gov.mu/portal/sites/ncb/fsc/download/Presseng.pdf
Press Release -January 16,2009. Gangavaram Port has
no connection with Satyam. -Press
Release
Largest Coal Vessel to call at any Indian Ports, Capesize
Vessel MV Ocean Dragon (151,049
DWT) handled successfully at Gangavaram Port on January
15, 2009
-
MV Ocean Dragon
Second Capesize Vessel MV Hui Kang Hai (149,680 DWT)
handled successfully at Gangavaram
Port on May 15, 2009 -
MV Hui Kang Hai
GANGAVARAM PORT CREATES HISTORY:
Discharging 71,808 MT. Non-Coking Coal
from Capesize Vessel MV Go Patoro in a single day on June
2,2009
- Mv Go Patoro
GANGAVARAM PORT: DEDICATION TO THE NATION July 12, 2009
-Press
Release
Gangavaram Port Ltd, Visakhapatnam has vide its cheque No. 799896 dated 20-10-2009 contributed a sum of Rs. 1,00,00,000/-(One Crore only) as Company’s contribution to A.P Chief Minister’s Relief Fund towards rehabilitation of the flood victims. The cheque was presented by Shri D.V.S.Raju, Chairman & Managing Director of the company to Shri K.Rosaiah Garu, Hon’ble Chief Minister of Andhra Pradesh in the presence of Dr.Manmohan Singh, I.A.S, Secretary Infrastructure & Investment Department of the Govt of A.P. -Click to view Photograph
Gangavaram Port achieves historic milestone by discharging
50,000 tonnes a day
from MV Nord Mercury carrying
coking coal cargo for Vizag Steel Plant
- MV Nord Mercury
Gangavaram Port handles four vessels at the port with
Project equipment between November
2007 and March 2008
Commencement of commercial operations by handling first
vessel on 3 August 2008
and second vessel 4 August 2008
Gangavaram Port - The Upcoming New Generation Port construction
progress
- News
Article
Gangavaram Port - Arrival of 2 Ships carrying Port equipment
from China, berthed
at the Port - News item published
in all the media.
Gangavaram Port - Infrastructure Deal of the Year 2005,
Asia Pacific Region
Conferred by Project Finance International
Contracts have been awarded for the following EPC Packages
and the Construction work has
commenced at Site
Gangavaram Port achieves Financial Closure Press
Release Tomb
Ad
Gangavaram Port Limited (GPL) has entered into Memorandum
of Understanding the Rashtriya
Ispat Nigam Limited (Visakhapatnam Steel Plant) for
their import / export requirements
Details.
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