The permission was granted amid a raging controversy over US prosecutors indicting the Adani Group Chairman, Gautam Adani, and others on charges of bribery, fraud, and conspiracy.
Published Dec 09, 2024 | 6:15 PM ⚊ Updated Dec 09, 2024 | 6:15 PM
Clearance by the NSPC has become mandatory following an amendment to rules governing imports and exports. (adaniports.com)
The Union government has permitted the Adani Group-owned Krishnapatnam Port in Andhra Pradesh to import petroleum by sea in public interest.
The permission was granted amid a raging controversy over US prosecutors indicting the Adani Group Chairman, Gautam Adani, and others on charges of bribery, fraud, and conspiracy. It is alleged that the group bribed several top officials in the country, including those in Andhra Pradesh.
As importing petroleum is considered in the public interest, the Union Ministry of Ports, Shipping and Waterways has extended the notification facilitating oil import from 25 August 2024 to 1 March 2026.
The imports will be permitted by the Navigational Safety at Ports Committee (NSPC). The extension was given under Section 16 (1) of Petroleum Rules, 2002.
Clearance by the NSPC has become mandatory following an amendment to rules governing imports and exports. Earlier, only the clearance from the Environment and Forest Ministry was necessary to import petroleum.
Adani Krishnapatnam Port can handle 40 rakes for inbound and outbound cargo. The port has a siding to import liquid cargo, minerals, coal, and fertilisers. The port has four- and six-lane road connectivity which facilitates quicker and efficient transport of cargo into and out of the port.
It also has a modern cargo handling system.
(Edited by Majnu Babu).
