Essar, Kandla port sign pact for development of marine liquid terminal facilities...

Essar, Kandla port sign pact for development of marine liquid terminal facilities at Vadinar

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Essar Ports product handling facility at Vadinar
Vadinar Liquid Terminals Ltd, a subsidiary of Essar Ports Ltd, on Monday said it has signed a concession agreement with Kandla Port Trust for development of marine liquid terminal facilities at Vadinar with an investment of nearly Rs. 450 crore. The term of concession agreement with KPT will be 30 years. The marine liquid terminal facilities to be developed will have a single-point mooring (SPM) and two product jetties at Vadinar on captive use basis for Essar. This work will be completed in the next two to three years. The terminal’s total capacity will be 24.5 million tons per annum (mtpa)-14.5 mtpa for SPM and 10 mtpa for product jetties. All products of Essar refinery at Vadinar will be handled by these facilities.