Angré Port leases part of itsindustrial land to Arjun Refineries for setting up business unit

Angré Port Private Limited, themost  sheltered all-weather port in theKonkan region, has leased five acres of its industrial backup land toArjun  Refineries for setting up an edibleoil refining-cum-packaging facility.

The lease is for a period of 30years. Under the terms of the lease, Arjun Indo Agro Oils Ltd, the edibleoil- makingsubsidiary of Arjun Refineries, will use the land to establish a refinery andpackaging unit.

Angré Port will support ArjunIndo Agro Oils in the import of raw materials,and the clearance and storage ofcargothrough a tank terminal which

will have dedicated pipelines totherefinery.Having a port-based refinery significantly cut logistics costs forArjun

Refineries, avoiding the firstleg of transport from the port to a hinterland refinery completely, and alsogives the companyaccess to new markets in Maharashtra,North Karnataka, andGoa.Commenting on the development,

Eshaan Lazarus, ExecutiveDirector,Angré Port Private Limited, said, “Thisis a win-win model for bothparties, as it generates revenue and cargo for theport, while providinglogistics support and cost control for Arjun Refineries.”

“We are currently inconversations with other industries too, who are keen to leverage ourinfrastructure and cargo transportation capabilities, and will surely see somedevelopments on this front in the near future,” he added. Angré Port, in JaigadRatnagiri,owns 300 acres of industrial land as port’s private backup land. Itoffers this land on competitive lease models to strategic businesses, such asmega warehouses, port-based industries, logistics,tank terminals, and businessparks.