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 Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..