Krishnapatnam Port Company Limited has decided to set up a liquid cargo terminal at a cost of Rs 500 crore and to add three more berths this year to existing 12.
Coming up as part of its expansion plans, the terminal, once completed, will be biggest on the east coast.
Anil Yendluri, Chief Executive Officer and Director of Krishnapatnam Port, was quoted as saying by BusinessLine: “The port is witness to a strong growth and the first quarter has been very buoyant. Given this backdrop, we expect to see a growth of about 25 per cent this fiscal.”
The port, located in Andhra Pradesh, is in the process of taking up expansion of various facilities, to cater to the growing demand and traffic.
Anil added: “To meet the growing demand, we are not only adding three more births, warehouse capacity and container terminal handling capacity, which are likely to entail investment of about Rs 300 crore this fiscal, we are in the process of finalising setting up of a liquid cargo terminal.”
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