Thursday, May 19,
The recent order by Madras High Court to stop Chennai port from handling cargoes such as iron ore and coal may be beneficial to the neighboring Krishnapatnam port.* in Nellore district of Andhra Pradesh.
In anticipation of getting more cargoes to handle Krishapatnam port is making additional investments of about Rs 2,000 crore to mechanize cargo handling operations and shore up efficiencies. This will be increasing its installed capacity to 45 million tonnes.
“As of now there has been no diversion of cargo from Chennai port, but we may see some volumes from that port coming to us,” said a senior official of the port.
The Madras High Court has given Chennai port four months to shift coal and iron ore operations to Ennore port. Chennai handles about 12 million tonnes of iron ore and 8 million tonnes of coal annually.
For Krishnapatnam port, both these cargoes will be the mainstay of its cargo basket, with new dedicated coal and iron ore berths being lined up.
Source: The Business Line
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