The investment will be completed over the next two-and-a-half years and will take its cargo capacity to around 110 million tpy.

It is also negotiating with the Gujarat Maritime Board for a large capacity addition at the Salaya Port, which may entail investments of over Rs 10 000 crore to raise the dry bulk potential and add a few berths for LNG and liquid cargo handling.

The company is looking at multi-location LNG handling capacity and named Hazira as one of the other locations where it could be based.