3,000 cr war chest for port built by JSPL
PORTS & SHIPPING

3,000 cr war chest for port built by JSPL

Major steel manufacturer Jindal Steel and Power Limited, JSPL makes an investment plan up to Rs 3,000 crore 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 of the conditions to be able to win the contract among the other five to six bidders. Managing director, VR Sharma stated that their initial preference will be the Paradip port, if not they are willing to build one between Paradip and Gopalpur.

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. Shortage of logistics for this capacity would be troublesome. Present rails and road networks will be unable to accommodate 25 MT of steel capacity. He furthermore says that in India, vessels are more preferable for transportation, in comparison with roads.

Mr Sharma further added they are open to partnership with existing ports as well as forming a new one. If a partnership is formed, the corporation will provide 70-75% of the capital required to develop and administer the port, with the remainder coming from the port authority. After winning the port bid, the corporation would seek approval from railways to build a dedicated freight line connecting the plant to the port.

Image Source

Also read: JSPL will invest Rs 1 lakh crore in Odisha for next 10 years
Also read: Jindal Steel expects to sell over 96% Jindal Power stake by December

Major steel manufacturer Jindal Steel and Power Limited, JSPL makes an investment plan up to Rs 3,000 crore 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 of the conditions to be able to win the contract among the other five to six bidders. Managing director, VR Sharma stated that their initial preference will be the Paradip port, if not they are willing to build one between Paradip and Gopalpur. 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. Shortage of logistics for this capacity would be troublesome. Present rails and road networks will be unable to accommodate 25 MT of steel capacity. He furthermore says that in India, vessels are more preferable for transportation, in comparison with roads. Mr Sharma further added they are open to partnership with existing ports as well as forming a new one. If a partnership is formed, the corporation will provide 70-75% of the capital required to develop and administer the port, with the remainder coming from the port authority. After winning the port bid, the corporation would seek approval from railways to build a dedicated freight line connecting the plant to the port. Image Source Also read: JSPL will invest Rs 1 lakh crore in Odisha for next 10 years Also read: Jindal Steel expects to sell over 96% Jindal Power stake by December

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?