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

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..