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Indian Oil Corporation Ltd (IOCL) and Kamarajar Port Ltd (KPL) signed a Concession Agreement for the former to build a captive jetty at the Port for handling POL / LPG cargo. It will have a capacity of 3 million tonnes per annum (mtpa). The deal was inked by Mr M. A. Bhaskarachar, Chairman cum Managing Director of KPL, and Mr P. K. Das, Executive Director, In-charge of Supplies, IOCL. The entire Rs 465 crore cost of the project will be borne by IOCL, while KPL will carry out the capital dredging at an estimated Rs 75 crore. The proposed captive jetty includes an unloading platform, berthing dolphin, mooring dolphins, approach trestle, communication system, etc. for receiving carriers ranging from 5,000-70,000 tonnes capacity. The Concession period is 30 years. Work will commence soon, with the jetty scheduled to be ready by the end of 2019.
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