Gopalpur Port Limited Plans To Set Up LNG Terminal, Petrochemical Industries

Gopalpur Port Limited Plans To Set Up LNG Terminal, Petrochemical Industries

The Gopalpur Port Limited (GPL) has projected to be set up a Liquefied Natural Gas (LNG) terminal with an investment of Rs 2000 crore. According to the officials, the investment is for establishing up fertilizer and petrochemical industries.

The officials further informed that an edible oil refinery is also on the board. Amit Sahoo, the Managing Director of Gopalpur Port Limited, recently summarized the Chief Secretary Asit Tripathy about the port’s ongoing activities. He also explained about the future investments on industrialization in the outskirts of Gopalpur Port. 

Asit Tripathy was very much satisfied with the proposal and over the GPL authorities’ investment plan and projects. A review meeting was also conducted on several issues related to development activities.

The Chief Secretary also said that the artificial capping by the Deputy Director of mines should be halted. This is due to the issue of capping on the transportation of iron ores to the Gopalpur Port.

As we all know that there is no such restriction on the loading trucks from mines of the State for Vishakhapatnam and Gangavaram Ports in Andhra Pradesh, but there is a strict restriction on loading for Gopalpur port Limited.

According to the sources, these restrictions are huge problems for exporters. There is even a strong competition, which is disturbing the exporters. There will be a tremendous loss of foreign exchange earnings to the nation also.

Asit Tripathy asked the officials to take up the issues with the Department of Steel and Mines as they can find out a proper solution for it.

Sandeep Agarwal, the Chief Executive Officer of Gopalpur Port Limited, also informed all the ongoing activities in this global pandemic and the expansion proposals. While GPL requires 1,200 acres of land, 393 acres have been assigned to them so far.

The port authorities have demanded another 800 acres. The Officials informed that the Revenue Department has recently forwarded 119 acres in favour of GPL. The Road and rail connectivity issues were also discussed in the meeting.

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