JSPL plans to establish a port on the eastern coast

Jindal Steel and Power (JSPL) plans to invest up to Rs.30 bn in establishing a port on the country's eastern coast to ensure steel shipment from its Angul, Odisha factory. Bid has been submitted at the Paradip Port. JSPL management believes it meets all the conditions to be able to win the contract among the other five to six bidders. The company makes expansion plans for the Angul plant’s capacity to increase from 5.4 mt to 25.2 mt in the following nine years. Avoiding logistic problems at the plant is the aim of owning a port.

Contact: Jindal Steel and Power

Website: www.jindalsteelpower.com