Business

Kamarajar Port gives nod to IOC for captive jetty

Kamarajar Port Ltd. (KPL) has given in principle consent to Indian Oil Corporation (IOC) to set up a captive jetty to handle imported Petroleum, Oil and Lubricants (POL) cargo.

Talking to The Hindu, a KPL official said: “Based on the request from IOC, we have given in principle consent to IOC on Friday to construct their own jetty for handling POL consignments. Currently, we have a multi-purpose berth from which we handle annually three million tonnes of vegetable oils, chemicals, POL and LNG for various clients.”

To avoid congestion and ensure timely delivery of cargo, IOC has proposed to have a captive jetty. It would be of 300 metres in length and it can handle three million tonnes per annum. IOC and KPL are expected to sign a deal next week, after discussing in detail about the proposed project, sources said.

IOC is setting up a Rs.5,150 crore LNG import terminal at Ennore. KPL had earmarked water front for LNG jetty and land for storage and re-gasification terminal.

The terminal would become operational by early 2018.

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Printable version | Apr 6, 2020 4:48:24 AM | https://www.thehindu.com/business/kamarajar-port-gives-nod-to-ioc-for-captive-jetty/article7616364.ece

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