Andhra Pradesh-based Krishnapatnam Port is
looking to invest Rs 500 crore over the next 18 months for setting up a liquid
cargo terminal and expanding container handling capacity, a top official has
The port is
witnessing an increase in capacity utilisations across the bulk and container
segment, which is leading to firming up of new plans.
invest Rs 500 crore over the next 12-18 months for creating a liquid cargo
terminal and also expand container capacity," its Chief Executive Officer
Anil Yendluri said recently.
He said the
liquid cargo container terminal will handle a host of commodities and it is
already in touch with prospective clients. It is aiming to increase the
container capacity by 8 lakh standard 20-feet units to 20 lakh TEUs as part of
the expansion, he said.
terminal expansion entails putting up a few equipments and readying the yards
to handle more, he said. The port is targeting to close FY19 with handling 6
lakh TEUs as against 4.80 lakh TEUs in the year-ago period.
port is targeting to up the overall cargo handling to 60 million tonnes in FY19
from the 45 million tonnes in FY18," he said.
which was established in 2008 has utilised only 3 kms of an overall 13 kms sea
frontage length for building berths and also has a land bank of over 7,000
acres, he said.
It is in
talks with auto manufacturers to set up a RO-RO terminal, which can handle
movement of finished cars on sea. He said newer manufacturers like Kia and
Isuzu are setting base in Andhra Pradesh and in close proximity of the port. He
claimed that a terminal can be set up in 6-9 months.
It is also in
talks with gas companies for an LNG terminal, but he declined to quantify the
investments or timelines. He said the port would like to invest small in LNG,
see how it pans out before ramping up capacity. "It is very bullish in the
transshipment segment and is already working with a few liners, who make
scheduled stops at the port," he said.
a scheme like Udaan in aviation to promote regional connectivity is required
for promoting liners to make more calls on Indian Ports.
He added the money paid to
liners to compensate for loss of business will help reduce reliance on ports
like Colombo for transshipment.