JSW Infrastructure has promulgated the commissioning of its new iron ore terminal at Paradip Port in Odisha. It possesses a capacity to handle up to 18 million tons of cargo per annum.
The facility features 370m of berth line, offers a capacity of 18 million tons a year and has been constructed to handle Capesize bulk carriers transporting iron ore and pellet exports. The terminal can load these vessels at a rate of 100,000 tons a day. Built at an investment of Rs 750 crore, the company will operate the terminal for the next 30-years as part of its build, operate, and transfer agreement with the Paradip Port Trust, the infrastructure arm of the JSW Group said in a statement. .
The facility is designed to reduce transportation costs and help make Indian ports more competitive, the company suggests. “Paradip’s location continues to remain attractive for iron ore movement via sea route. With the commissioning of this terminal, India can now offer Capesize shipments,” said Arun Maheshwari, managing director of JSW Infrastructure. Capesize ships are the largest category of dry cargo ships.
“The capacities are far better than not only any other Indian port but also many ports Internationally,” he said. Paradip is a natural, deep-water port along the East coast of India and is also one of the largest in the country. “This terminal is part of our broader strategy to achieve 200 MTPA (million tons per annum) cargo handling capacities in next three years,” Maheshwari said. JSW Infrastructures current capacity is a little over 100 MTPA.