Andhra Pradesh-based Krishnapatnam Port is looking to invest Rs. 500 crore over the next 18 months for setting up a liquid cargo terminal and expanding container handling capacity, a top official has said.

The port is witnessing an increase in capacity utilisations across the bulk and container segment, which is leading to firming up of new plans.

“We will invest Rs. 500 crore over the next 12-18 months for creating a liquid cargo terminal and also expand container capacity,” its chief executive Anil Yendluri told PTI over the weekend. He said the liquid cargo container terminal will handle a host of commodities and it is already in touch with prospective clients. It is aiming to increase the container capacity by 8 lakh standard 20-feet units to 20 lakh TEUs as part of the expansion, he said. The container terminal expansion entails putting up a few equipment and readying the yards to handle more, he said. The port is targeting to close FY19 with 6 lakh TE

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