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The Hindu
The Hindu
National
T. Appala Naidu

SBI-led consortium to finance Auro Infra’s ₹3,000-crore gateway port in Kakinada SEZ

SBI Kakinada Kona

KONA 

A consortium of banks led by the State Bank of India is set to provide a loan of ₹3,000 crore to the Kakinada Gateway Port Private Limited (KGPPL) for building a gateway port at Kona village, which falls under the Kakinada Special Economic Zone on the Kakinada coast.

KGPPL is a subsidiary of Auro Infra Private Limited. This is the third port on the Kakinada coast being built on the 1650-acre area adjacent to KSEZ with an annual handling capacity of 20 million tonnes of cargo.

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