Narendra Murkumbi, Managing Director of Shree Renuka Sugars (SRS) informed that the firm, which secured a contract to operate a captive berth in Kandla Port, expects to start operation in a year.
On December 27, SRS received the letter of award for operating the berth with a capacity of 1.5 million tonne a year. This was after cabinet clearance for handing over the requisite land in Kandla port to SRS for operating the facility.
Through this captive berth, SRS plans to handle about one million tonne of raw sugar and about 2.5 lakh tonne of coal to fuel its refinery. The capacity creation at port will require investments of Rs 22 crore. The berth will help SRS handle raw sugar, refine it to finished sugar at its Kandla refinery facility, and export it.
In 2011, SRS had commissioned a sugar refinery near Kandla port in the West coast. The capacity of the refinery is 3,000 tonne a day and co-generation capacity is 45 mw.
The company expects to reduce transportation costs as the captive jetty would help it handle larger vessels, Panamax size. The refinery will increase SRSÂ’ port-based refining capacity to about 18 lakh tonne a year.
SRS operates a 2,000-tonne-a-day sugar refinery near Haldia port on the East coast.
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