GPL to handle more cargo

Image
Hrusikesh Mohanty Kolkata/ Berhampur
Last Updated : Jan 29 2013 | 3:15 AM IST

Gopalpur Port Limited (GPL), a seasonal port being operated by a private consortium aims to handle about five lakh tonnes of cargo in this year’s shipment season, compared to 3 lakh tonnes recorded last year.

The port expects to achieve the target despite the prevailing economic recession which has resulted in a slump in cargo handling by the major ports in the country. The targeted five lakh tonnes of cargo of GPL includes import of 3.5 lakh tonnes of urea and exports of 1.5 lakh tonnes of ilmenite, a mineral product of Indian Rare Earths Limited. As we have targeted to export ilmenite and import urea which is meant for the farmers, we think there would be no impact of the global recession on our business, said Manmohan Maharana, director, GPL.

Gopalpur Port Limited has opened its traffic from Saturday with the potash loading ship anchor in the port located at Arjeepalli, near Chhatrapur in Ganjam district. GPL is also confident of developing the seasonal port into a major port within the stipulated time.

The port, however, is yet to get the environmental clearance from the Union ministry of environment and forests. GPL, the consortium comprising Orissa Stevedores Limited (OSL), Sara International Limited (SARA) and Singapore-based Noble Group Limited is developing the seasonal port into an all-weather port on a BOOT (build, own, operate and transfer) basis, with an investment of around Rs 1,700 crore.

"The first phase of construction work for the port has been almost completed and we hope the second phase of the port to be commissioned in the next two years", said Moharana.

The second phase work on the port by GPL entails an investment of around Rs 950 crore. GPL aims to scale up the cargo handling capacity of the port to 7, 50,000 tonnes this year.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 16 2008 | 12:00 AM IST

Next Story