Krishnapatnam Port
14°15′N 80°08′E / 14.250°N 80.133°E
Krishnapatnam Port Company Limited (KPCL) | |
---|---|
Location | |
Country | India |
Location | Krishnapatnam |
Details | |
Opened | 2008 |
Operated by | Adani Ports & SEZ |
Owned by | Adani Group |
No. of berths | 14 |
Statistics | |
Annual cargo tonnage | 6.4 crore tonnes (64 mtpa) (2020-21)[1] |
Annual container volume | 8.5 million TEU (2022-23) [2] |
Annual revenue | ₹ 1,940.23 crores (2022-23) |
Website krishnapatnamport.com adaniports.com |
Krishnapatnam Port popularly known as KPCL is a privately built and owned all weather,
In October 2020, Adani Ports & SEZ acquired 75% stake in the port, which increased to 100% in April 2021 with Adani Group buying the residual 25% stake.[6][7][8][9]
Etymology
The port has its history back to
Establishment and promoters
It was inaugurated on 17 July 2008 by the UPA Chairperson Sonia Gandhi.[11] The port was built by the Navayuga Engineering Company Limited, the flagship concern of the CVR Group, under a build-operate-share-transfer (BOST) agreement with the Government of Andhra Pradesh. The port covers an area of 4,553 acres.[12] The BOST agreement, valid for 30 years and further extendable to 50 years, requires the promoters to pay 2.6% of the port's gross revenue to the Government of Andhra Pradesh for the first 30 years. From the 30th year, that share increases to 5.4% and from the 40th year to 10.8%.[13] The agreement also requires them to develop the port in three phases with the first phase being completed by January 2008, the second phase by 2012 and the final by 2017.[14][15]
Connectivity and hinterland
As of 2015, KPCL is capable of handling 7.5 crore (75 million) tonnes (mt) of cargo per annum and is the second deepest port of India with a draft of 18 metres .[5] The hinterland of the port includes southern and central Andhra Pradesh, eastern Karnataka, northern Tamil Nadu and Eastern Maharashtra. The port is linked to the Chennai–Kolkata rail line through a 19 km long line and is also connected with the National Highway 16 (India) which is being upgraded from a four-lane to a six-lane highway.[3]
Phases of development
The first phase of development of the port involved an expenditure of ₹1,400 crores and was completed in 2009. In this phase the Port developed an annual cargo handling capacity of 2.5 crore tonnes (25 mt).[12] Two mechanised Iron Ore Berths, a mechanised Coal Berth and a mechanised General Cargo Berth were set up in this phase. The second phase of the Port's development entails an investment of $2 billion and the enhancement of cargo handling capacity by 4 crore tonnes (40 mt). By 2017, when the Port is fully developed, it is expected to handle 20 crore tonnes (200 mt) of cargo annually. The second phase of expansion will increase the total berths to twelve of which half will handle coal with the rest handling general, bulk and container cargo. The draft of the port is also to be enhanced from the present 18 metres to 21 metres.[12][16]
Container terminal
In September 2012, the KPCL inaugurated its
Krishnapatnam port terminal set to emerge as a major trans-shipment hub on the East Coast following dynamic initiatives being taken up by some international shipping container liners.[20]
Cargo handled
When the port was inaugurated in 2008, iron ore constituted its most important cargo which peaked at 10.5 million tonnes in 2009-'10. Since the ban on export of iron ore from the
The port now also plans to handle liquefied natural gas cargo, cars meant for exports, edible oils and fertilisers.[5] During 2012-13, the port handled 2.12 crore tonnes (21.2 mt) of cargo, of which three-fourths comprised imported coal. The Port handled 25.16 MT during the year 2013-14 against the target of 28 MT. The port registers very impressive growth of 60% for the year 2014-15 and ended up handling total cargo of ~4.1 crore tonnes (40.72 mt) up from 2.5 crore tonnes (25.16 MT) in the previous year.[21]
Special economic zone
A 12,000 acre
See also
- Adani Ports & SEZ
- Adani Group
- KOLOS
- Navayuga Engineering Company Limited
- Vizhinjam International Seaport Thiruvananthapuram
External links
References
- ^ "Adani group takes full control of Krishnapatnam port in Andhra Pradesh".
- ^ "Adani Ports moves more than 8.5 million TEU". Port Technology. 6 April 2023. Retrieved 19 May 2023.
- ^ a b "Chennai port loses out to new facility". The Hindu. 11 June 2012. Retrieved 22 November 2012.
- ^ "FOCUS: NELLORE DISTRICT". Frontline. 30 (3). 9–22 February 2013. Retrieved 17 February 2013.
- ^ a b c "New port plan raises viability concerns for Krishnapatnam". 20 November 2012. Retrieved 22 November 2012.
- ^ "Adani Ports increases its ownership from 75% to 100% in Krishnapatnam Port by acquiring Vishwasamudra Holdings' 25% stake for Rs. 2,800 Crs". www.adaniports.com. Retrieved 12 April 2021.
- ^ "Adani group takes full control of Krishnapatnam port in Andhra Pradesh". The New Indian Express. Retrieved 12 April 2021.
- ^ "Adani Ports acquires residual 25% stake in Krishnapatnam Port for Rs 2,800 crore". www.timesnownews.com. 5 April 2021. Retrieved 12 April 2021.
- ^ "Adani Ports to acquire 25% of Vishwasamudra Holdings' stake in Krishnapatnam Port". Free Press Journal. Retrieved 12 April 2021.
- ^ "About The Port". Krishnapatnam Port. Retrieved 8 June 2015.
- ^ "Andhra to get new port in Krishnapatnam". Economic Times. 11 July 2008. Retrieved 22 November 2012.
- ^ a b c "Krishnapatnam Port gets Rs4,000 cr for next phase". 18 March 2009. Retrieved 22 November 2012.
- ^ "Krishnapatnam Port plans to set up car terminal by Jun 2013". 20 November 2012. Retrieved 22 November 2012.
- ^ "Krishnapatnam port to give fillip to ore exports". The Economic Times. 17 October 2005. Retrieved 22 November 2012.
- ^ "3i Fund picks up stake in Krishnapatnam Port for $161 mn". The Economic Times. 24 February 2009. Retrieved 22 November 2012.
- ^ "Krishnapatnam Port begins operations; to invest $2 billion in 2nd phase". 27 September 2012. Retrieved 22 November 2012.
- ^ "Krishnapatnam Port ties up with CONCOR". The Hindu. 5 July 2011. Retrieved 22 November 2012.
- ^ "Krishnapatnam to Singapore feeder service begins". 27 September 2012. Retrieved 22 November 2012.
- ^ "Krishnapatnam Port starts operating container terminal". 27 September 2012. Retrieved 22 November 2012.
- ^ "Krishnapatnam port terminal set to emerge as a hub". 6 March 2017. Retrieved 6 March 2017.
- ^ N. Anand (2 April 2015). "Chennai Port Trust revival path profit". The Hindu.
- ^ "Krishnapatnam Port plans SEZ". Business Standard. 2 March 2010. Retrieved 22 November 2012.
- ^ "Krishnapatnam Infratech Private Limited". Retrieved 22 November 2012.