Kattupalli Port is a joint venture between the Tamil Nadu government and Larsen & Toubro Ltd. The port is located amidst three important ports, Chennai and Ennore in Tamil Nadu and Krishnapatnam Port in neighbouring Andhra Pradesh.
The project has been set up with an investment of Rs.2,000 crore. It can handle up to 4,00,000 containers per annum and can touch half a million capacity with a single berth. The terminal will be operated and maintained by Manila-based port operator International Container Terminal Services, Inc.
Chennai Port currently has two terminals; one operated by DP World and the other by PSA International. Both the terminals collectively handle 1,20,000-1,30,000 TEUs a month.
These three-berth container terminals are part of L&T’s Rs.4,000-crore port-cum-ship building project, comprising a minor port and building a specialised ship along with a repair unit. It is being jointly set up by L&T Shipbuilding, a JV of L&T and Tamil Nadu Industrial Development Corporation, in two phases, on 1,200 acres of land at Kattupalli.
In April 2011, ICTSI and Larsen & Toubro Ltd signed a container port operation agreement for the management and operation of the Kattupalli International Container Terminal in Tamil Nadu. Contracting parties were L&T Shipbuilding Ltd, a joint venture company between L&T and Tamil Nadu Industrial Development Corporation, and ICTSI subsidiaries ICTSI Ltd, and International Container Terminal Services (India) Pvt. Ltd. LTSB is the developer of an integrated shipyard cum port in Kattupalli.