India’s largest container port, Jawaharlal Nehru Port Trust (JNPT) is planning to host an edible oil refinery to maximise revenue and ensure captive cargo.

Speaking on the development, the acting chairman of JNPT, Neeraj Bansal said that they had received an expression of interest from edible oil players for setting up a refinery on their land. He added that it is a good way to earn revenue.

Key Highlights

• The land will be leased out on a long-term basis and it will be beneficial for the port, as it will give it captive cargo.
• The raw material for the refinery will be imported from abroad and a considerable part of the finished products will be sent out through the sea.
• According to sources, a six-acre plot has already been identified for the refinery project.
• The state-run port already has a liquid cargo terminal in addition to the four container terminals off Mumbai’s east coast.?
• Other Details
• Besides, the port is also investing Rs 310 crore for extending the liquid cargo tank farm, which would increase its capacity to 4.5 million tonnes per annum (MTPA). 
  
  The port is also coming up with a tender in the coming week to bid out large land parcels at the adjoining Special Economic Zone (SEZ).