Krishnapatnam Port Company Limited News

Santosh Gangwar - Minister of State for Finance, GoI laid the foundation stone of a project intended to offer convenience to transporters CHAs and FFs of the country’s largest all-weather; deep water port on the east-coast of India – Krishnapatnam Port. The terminal will role play a critical establishment to aid ease of doing business, swift clearances and speedy procedure for documentation among others. The success of TTT-1 led to the launch of TTT-2 and both TTT - 1 and 2 will be centers of ‘convenience business’ and will further enhance operational efficacies at the port. The event commenced with the ‘guard of honor’ salute presented to the esteemed Chief Guest…

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched its weekly mainline service from China to Krishnapatnam Port. The service to be operated by Maersk line in partnership with Hanjin Shipping of Korea will provide the fastest and most competitive service to the exporters and importers of Andhra Pradesh, Telangana, Karnataka and Northern Tamil Nadu to the ports of China, Far East Asia and South East Asia. The current transit time for bulk cargo like furniture, office and hotel interiors which take 40-45 days to reach the consignee will be straight halved with the launch of the new service through Krishnapatnam Port Container Terminal.

Widely recognized for excellence in Corporate Social Responsibility, Krishnapatnam Port Company Limited was declared winner of 2014 Seatrade Maritime Awards in the category Corporate Social Responsibility. The award presentation took place during the  Dubai Maritime Week wherein the annual Seatrade Maritime Awards was hosted on Monday 27 October 2014. In all 14 entrants vied for this prestigious award. Krishnapatnam Port which is just in its seventh year of operations has created a socio-economic atmosphere that has immensely benefitted the surrounding inhabitants. The Krishnapatnam Port's Leadership Team, based on an unequivocal commitment to human values, believes in sustainable development and maintaining harmony with the communities living around the Port.

Krishnapatnam Port Company Limited (KPCL)celebrates its first anniversary on July 17, 2009. Post the completion of first phase, in a record time of 18 months, it was inaugurated and dedicated to the nation a year ago by Smt. Sonia Gandhi, Hon’ble Chairperson UPA. Though port is in its maiden year, it is handling a wide range of cargo mix varying from iron ore, coal, coke, fertilizers, project cargo, raw sugar, granite, quartz, rock phosphate & gypsum and has brought in 8.4 Million MT of cargo in FY 2008-09. The port is being built in three phases and it has recently achieved Rs. 4,000/- crore financial closure for the 2nd phase of development especially at a time when the world economic conditions are apprehensive on new investment strategies.