CHENNAI: A top official said that Kamarajar Port, formerly known as Ennore Port, has started constructing three coal berths that would be ready by March 2018.
M.A. Bhaskarachar, Chairman-cum-Managing Director, Kamarajar Port said that “We will be investing close to INR 1,000 crore on building two new berths and converting the existing iron ore berth into a coal berth.”
With the addition of three more coal berths, the cumulative coal handling capacity of KPL will touch 64 million tonnes per annum (mtpa).
The new berths will add 36 million tonnes (mt) of coal per annum. Besides, the port handles 3 mt liquid cargo, 3 mt of general cargo and 2 mt multi-cargo and containers.
He said that “Our plan is to increase total cargo volume of the port from the existing 43.6 mt to 84.6 mt by March 2018. The commissioning of the IOC-LNG terminal will get us another 5 mtpa. Even then, KPL will predominantly handle coal accounting for 60% of overall cargo.”
Out of the planned capital expenditure of INR 1,000 crore, IOC and SICAL will invest INR 500 crore and balance will be met through internal accruals.
Following a drastic cut in the prices of cars in the post Goods and Services Tax (GST) era, Bhaskarachar feels it would push the exports up as several countries might find the Indian cars attractive. This would force, several car carriers to visit our port.
During 2016-17, KPL exported 2.25 lakh of cars. This year, the Port has drawn up plans to export three lakh cars. The major contributors are Toyota, Ford, Honda, Nissan, Hyundai, Renault, Daimler, Ashok Leyland and Scania. Hyundai also used coastal movement to move its cars from Chennai to Pipavav.