The first phase of the dry bulk cargo terminal on the western dock of Paradip Port is expected to be operational in 2025. Last year, a JSPL-led consortium won the bid to build the cargo terminal with a 25 million-tonne capacity. A special purpose vehicle, Jindal Paradip Port has been formed by the leading steel major Jindal Steel & Power and Jindal Port for the project. JPPL will invest about Rs 33.92 billion for development of the western dock. The first phase of the project with a capacity of 12.5 MTPA is expected to be operational in early 2025.