The Union Minister for Shipping, Road Transport and Highways has chalked out a blue print for port-led development in Paradip under the Sagarmala project and has stressed on rapid improvement in infrastructure facilities in and around Paradip port to realise its full potential.
The High Level Clearance Authority (HLCA) has cleared six key manufacturing projects, including those proposed by aluminium producers like National Aluminium Company (Nalco), Hindalco Industries and Vedanta.
Essar Projects India (EPIL), a leading engineering procurement and construction (EPC) company, has completed and commissioned 10 projects worth Rs 2,862 crore in FY2016-17. Some of these projects are of national importance and make significant contribution to India’s infrastructure growth. The company has posted revenues of about Rs 2,000 crore in FY2017.
With the focus on promoting port-led-development in India, Rs 600 crore has been allocated for the Sagarmala programme in 2017-18. The flagship programme of the Ministry of Shipping, it encompasses capacity expansion and modernisation of ports along India’s coastline, enhancement of port connectivity to the hinterland, port led-industrialisation to promote trade, and sustainable development of coastal communities.
Essar Power has commissioned the first phase (2 x 30 MW) of the 120 MW power plant at Paradip, following the synchronisation of the 30 MW second unit with the Odisha state grid. With this milestone, Essar Power´s installed capacity now stands at 4,705 MW.