JSW Infrastructure commissioned a new iron ore terminal at the Paradip port in Odisha with a capacity to handle up to 18 million tonnes of cargo per annum.
Built at an investment of Rs 750 crore, the company will operate the terminal for the next 30-years as part of its build, operate, and transfer agreement with the Paradip Port Trust, the infrastructure arm of the JSW Group said in a statement.
“Paradip’s location continues to remain attractive for iron ore movement via sea route. With the commissioning of this terminal, India can now offer Capesize shipments,” said Arun Maheshwari, managing director of JSW Infrastructure. Capesize ships are the largest category of dry cargo ships.
“The capacities are far better than not only any other Indian port but also many ports Internationally,” he said. Paradip is a natural, deep-water port along the East coast of India and is also one of the largest in the country. The new terminal will handle Capesize vessels for iron ore and pellet exports and can load at a rate of 100,000 metric tonnes per day, the company said.
“This terminal is part of our broader strategy to achieve 200 MTPA (million tonnes per annum) cargo handling capacities in next three years,” Maheshwari said. JSW Infrastructures current capacity is a little over 100 MTPA.