On a build-operate-transfer (BOT) basis, a consortium of Jindal Steel and Power Limited (JSPL) and Jindal Port Private Limited (JPPL) has been awarded a contract to develop a new dock for Cape-size vessels at the Paradip Port at a cost of Rs 2,400 crore. The JSPL-JPPL consortium will pay the Paradip Port Authority a royalty of 54 per metric tonne of cargo handled at the new Western Dock, and the dock will be operated by the JSPL-JPPL consortium for 30 years. With a distance of about 200 kilometres, Paradip is the closest port to JSPL’s Angul plant in Odisha. The steelmaker uses it to import limestone and coking coal as well as export finished goods. The new dock will have a capacity of 25 million tonnes per annum (MTPA) of dry cargo, according to the request for quote (RFQ), and construction will be completed in five years in two phases of 12.5 MTPA each.
Construction, Infrastructure & Mining Group Media Publication