August 25, 2026 12:44 pm (IST)
Follow us:
Kamarajar Port awards work for modification of iron ore terminal for handling coal
Chennai, Jul 14 (IBNS): Kamarajar Port Limited has signed a Concession Agreement with SICAL Iron Ore Terminal Limited (SIOTL) for modification of its iron ore terminal so that it can handle Common User Coal, the Ministry of Shipping informed on Thursday.
Kamarajar Port, earlier known as the Ennore Port, is about 25km north of Chennai Port.
The decision for modification of the terminal was taken against the backdrop of the ban on export of iron ore by the state government of Karnataka and the Supreme Court.
KPL had entered into a contract with SIOTL in September 2006 for building the iron ore terminal on 30 years Built-Operate-Transfer basis with an approved project cost of Rs 480 crores in two phases of 6 million tonnes each .
The Licensee developed the first phase of 6 MTPA capacity at an investment of Rs 360 crores. The revenue share was offered at 51.60 per cent. However, the commissioning activities were stalled due to the ban on iron ore export.
KPL, therefore, decided to convert the terminal to handle Common User Coal in the said Terminal.
After obtaining necessary approvals from the government, bidding process was initiated for modification of existing iron ore terminal on “as is where is” to also handle Common User Coal at Kamarajar Port on Design-Built –Finance-Operate-Transfer) basis.
SIOTL has offered a revenue share of 55.524 per cent.
The conversion work will commence in October 2016 and will be commissioned within twelve months from the date of commencement of work, the ministry said.
Image: Kamarajar Port Ltd website
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
TCS, Porsche join forces in major AI move to transform mobility
Tue, Aug 25 2026
Tata Power Renewables marks a major milestone with the commissioning of 190.5 MW FDRE project in Rajasthan. All details inside
Mon, Aug 24 2026
Samsung's big AI push in India: New Pune facility to power next-gen data centre cooling
Mon, Aug 24 2026
Best Indicators For Futures Trading
Mon, Aug 24 2026
China orders massive EV recall: Nearly 3 million Teslas among 4.3 million vehicles affected
Mon, Aug 24 2026
Yes Bank launches ‘YES Essence’ for women. How can you avail it?
Fri, Aug 21 2026