Sical Logistics, a subsidiary of Bangalore-based Coffee Day, continues to explore opportunity to handle thermal coal at Ennore port as an alternative cargo for its iron ore terminal.
Sical's terminal at Ennore port is lying idle for almost 2 years due to a ban on export of the ore. The company said it has invested Rs 475 crore on the terminal and spends Rs 4 crore a month to service the principal, interest and other expenses.
Sical, a part of the Bangalore-based Coffee Day, hopes to make the investment productive by handling coal for Tamil Nadu Electricity Board. It has obtained necessary approvals of the Ennore port. The final nod for conversion is pending from the Shipping Ministry.