3,000 cr war chest for port built by JSPL

13 Dec 2021 CW Team

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

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..