Nagarjuna Oil plans captive port in South

Chennai : Nagarjuna Oil Corporation Ltd (NOCL) is planning a captive port in Tamil Nadu to support its upcoming Rs 7,160-crore petroleum refinery project at Thiruchopuram in Cuddalore district, according to state highways & minor ports minister Edappadi k Palaniswami.

The port will be part of the company’s additional investment of Rs 2,500 crore to build key infrastructure facilities. It will receive 6.5 million tonnes (mt) of crude oil and ship 2.8 mt of refined petroleum products every year.

"The request of the company to assign the development of its captive port to handle other commercial cargo in favour of one of their equity partners, Cuddalore Port Company Pvt Ltd, is under consideration of the government," said the minister