One more cement terminal at Cochin Port
One more cement terminal is being set up at the Cochin Port with private participation. Cement producing company Zuari Cements won the tender and auction for developing a cement handling terminal at the Cochin Port Trust. This will be the third cement handling terminal at the port.
Ambuja Cements is already operating a terminal with a capacity of 3 lakh tonne per annum, while Ultra Tech is setting up another with a capacity of 2 lakh tonne. Bagging plants are meant for cement-producing companies large companies that transport bulk quantities of cement through ships.
The auction was won by Zuari Cements by quoting an amount of Rs 50 crore. They also have to pay an annual fee of Rs 66 lakh to the Cochin Port Trust. The third terminal is coming up on 2.14 hectares of land near Q5 berth of Ernakulam wharf.
The proposed terminal will have a handling capacity of 3.6 lakh tonne annually. The developer also has to install loading, unloading and bagging machinaries. The cement is pumped from the ship to the plant where it will be packed in bags and delivered to markets in Kerala as well as neighbouring states of Karnataka and Tamil Nadu, the Port authorities said.