The Ministry of Ports, Shipping, and Waterways, through a notification dated December 6, 2024, has extended the approval for petroleum imports at Adani Krishnapatnam Port in Andhra Pradesh. This extension allows the port to continue importing petroleum by sea in accordance with operations permitted under the Navigational Safety at Ports Committee (NSPC) certificate.
The extension, granted under Rule 16(1) of the Petroleum Rules, 2002, is effective for the period from August 25, 2024, to March 1, 2026. The decision underscores the Central Government’s consideration of the necessity to import petroleum in public interest.
5278(E).— In exercise of the powers conferred under Rule 16(1) of the Petroleum Rules, 2002, and in continuation of the notification of Government of India, Ministry of Ports, Shipping and Waterways S.O. 3515(E) dated 25th August, 2021, the Central Government, in consideration of the necessity to import petroleum in public interest, hereby extends the notification for Krishnapatnam Port in Andhra Pradesh {M/s Adani Krishnapatnam Port Limited; for importing petroleum into India by sea in accordance with operations permitted in Navigational Safety at Ports Committee (NSPC) certificate number NSPC/041/2021 dated 01.11.2021 for the period from 25.08.2024 to 01.03.2026.
This development is expected to further bolster Adani Ports’ strategic position in the energy sector, reinforcing its capabilities in managing vital petroleum imports for the nation.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.
