The Annual Report is as of March 31, 2015… So, the KMML details will have to say that it’s not operational…
Expansion Plans:
The Company has been exploring new avenues to optimize and expand its present capacity at its Terminals at Kandla. The Company is awaiting necessary permissions from the authorities for constructing additional capacity of about 7000KL at its Terminal No.1for enhancing revenues. During the year, the Company proposes to convert further of its existing Mild Steel tanks into Stainless Steel tanks based on the market demand. The Company has about 10 acres of land on long term lease basis at Kakinada port in Andhra Pradesh. The Company plans to put up both Dry Cargo Warehousing and Bulk Liquid Terminal facilities at Kakinada. The Company has already received approval from Inter Ministerial Committee for putting up a CFS on a part of the 16 acres freehold land purchased by the Company at Pipavav port in Gujarat. The Company proposes to set up a Container Freight Station [CFS], Bonded Warehouse and Bulk Liquid terminal at Pipavav. The work at Pipavav is expected to commence after Phase I of the Composite Logistics Hub Project of the subsidiary Company, Kesar Multimodal Logistics Ltd. (KMLL) starts its operations.
As per the above, the company will start the Pipavav project now… Capex to continue for another few years…
The Company is in the process of increasing its installed capacity and modernising the existing plants at Kandla. The Company has already increased its capacity to 127,000 KL. and will add capacity to its Kandla Terminal by 7000KL shortly. The Company plans to set up a Dry Cargo Warehousing and Bulk Liquid Terminal at Kakinada, Andhra Pradesh and has already started with the land development work at the site. It has also plans to set up a Container Freight Station and a Bulk Liquid Terminal at Pipavav, Gujarat.
As per the above, the company has also begun ground work at Kakinada…
Looks like interesting times ahead…
Note: Have vested interest…
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