KGPL, Sravan Group to develop liquid cargo facility
Kakinada Gateway Port Limited (KGPL) has signed a Memorandum of Understanding with Sravan Shipping Services to develop a liquid storage tank farm at Kona port. This facility aims to enhance the handling and storage of various liquid cargo, supporting the region's economic growth. The initiative is expected to generate employment opportunities and attract industrial investments in Andhra Pradesh.
- ▪KGPL is a subsidiary of the Auro Group.
- ▪The proposed facility will handle up to one million tonnes of liquid cargo annually.
- ▪The initiative aims to strengthen supply chain capabilities and enhance regional infrastructure.
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Kakinada Gateway Port Limited (KGPL), a subsidiary of the Auro Group, has entered into a Memorandum of Understanding (MoU) with Sravan Shipping Services Private Limited for a proposed liquid storage tank farm facility at the Kona port in Kakinada Special Economic Zone (KSEZ).Ram Reddy Ojili, Managing Director & CEO of Kakinada Gateway Port Limited and Mr. Sambasiva Rao, Managing Director of Sravan Shipping Services Pvt. Ltd signed the MoU.“This strategic partnership aligns with KGPL’s long-term vision of developing a world-class integrated port ecosystem capable of supporting diverse industries and evolving global trade requirements”, said Mr. Ram Reddy in an official release.
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