Krishnapatnam Port to set up liquid cargo terminal

Company chalks out ₹700 crore expansion plan

Published - October 13, 2018 08:55 pm IST - CHENNAI

Anil Yendluri

Anil Yendluri

Krishnapatnam Port Company Ltd., (KPCL) near Nellore in Andhra Pradesh, is planning to set up one of the biggest liquid cargo terminals on the east coast along with three terminals, said a top official.

“We have set aside 900 acres of land and ₹500 crore to ₹700 crore for this diversification-cum-expansion plan,” said Anil Yendluri, chief executive officer and director, Krishnapatnam Port. “Civil works are on and the liquid cargo terminal will be ready in 18 months.”

As per the plan, KPCL would set up one berth on the north side measuring 400 acres and three berths on the south side of the port measuring 500 acres. Bharat Petroleum Corporation Ltd. has taken up 100 acres of land on the north side to put up a storage tank.

“So far, we have been focusing on general cargo. As part of diversification, we are now going to handle liquid cargo. The need for liquid cargo is growing more than general cargo. Hence, we are setting up a new liquid cargo terminal,” he said.

In talks with big players

According to Mr. Yendluri, the port is in talks with several players to set up one of the biggest liquid cargo terminals. The port would provide the basic infrastructure such as jetties to berth two vessels, pipelines to handle petroleum oil and lubricants, dredging and rail connectivity. KPCL currently has 14 operational berths that handle coal, iron ore, edible oil, bulk and break bulk cargoes. In the first six months of the current year, it handled 29.12 million tonnes of cargo against 45 million tonnes for 2017-18.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.