Adani puts EoI to develop port in Tamil Nadu

Adani Ports and Special Economic Zone Ltd (APSEZ) has placed an Expression of Interest (EoI) to develop a port at Cuddalore in Tamil Nadu.

The facility will come up at the site of the Nagarjuna Oil Refinery that is undergoing liquidation. Speaking during a quarterly earnings call, Karan Adani, Chief Executive Officer and Whole Time Director of APSEZ, said, “We have put in an expression of interest for developing a port at Nagarjuna oil refinery which is undergoing liquidation.”

He added: “It has a port licence/concession along with the refinery, but they have not developed anything. Captive ports in Tamil Nadu are allowed to handle commercial cargo as well.”

Karan added that APSEZ is qualified for one of the bids in Chittagong port in Bangladesh. “It is up to the government as to when to privatise it,” he stated.

Stating that APSEZ has put on hold plans to set up a mega container port on Carey Island in Selangor State, Malaysia, he added: “We are re-evaluating it, whether to make it or not.”

Image Credit : maritimegateway.com

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