JSPL-JPPL consortium to develop new western dock at Paradip Port
Jindal Steel and Power Limited (JSPL) and Jindal Port Private Limited (JPPL) consortium have been awarded an agreement to develop a new dock for Cape-size vessels at the Paradip Port on a build-operate-transfer (BOT) basis. As per the letter of award (LoA), the consortium will pay a royalty of Rs 54 per metric tonne of cargo handled at the new Western Dock to the Paradip Port Authority. The JSPL-JPPL consortium will operate the dock for 30 years. Paradip Port is the nearest port to JSPL’s Angul plant in Odisha at approximately 200 kilometres. The steelmaker uses this port to import limestone and coking coal and to export finished products. It will have the capacity to manage 25 million tonnes per annum (mtpa) of dry cargo, as per the request for quote (RFQ) for the new dock. The construction is to be finished over five years in two phases of 12.5 mtpa each. The construction will need an investment of up to Rs 2,400 crore. Image Source
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