JSW Infrastructure commissions iron ore terminal at Paradip Port, Odisha
First shipment of Brahmani River Pellets Ltd on MV IC Pheonix flagged off
By T. Moharana
Bhubaneswar, 25 Nov 2019 :JSW Infrastructure, one of India’s leading private port companies and part of US$ 14 billion JSW Group, commissioned its new iron ore terminal at Paradip Port. The 370 meters’ long terminal with a capacity of 18 MTPAhas been developed with a futuristic vision. It is built to handle capsize vessels for iron ore and pellet exports and can load at a rate of 100,000 metric tones per day. The high load rate is expected to significantly reduce the pre-berthing delays at Paradip as well as allow incremental cargo flow for the Port which is all set to be the largest port in the country. The company has invested approximately Rs 750 crore to establish the new terminal at Paradip.
The new Iron Ore Terminal would be crucial for JSW’s proposed 12 million tonne Steel plant near Paradip coastline. In the first phase the company has plans to commission a 5 MTPA blast furnace. The company has also participated aggressively in the ongoing mining block e-auction in Odisha. The Steel project will be built at a site near Paradip abandoned by Posco India.
The new Iron Ore Terminal would be crucial for JSW’s proposed 12 million tonne Steel plant near Paradip coastline. In the first phase the company has plans to commission a 5 MTPA blast furnace. The company has also participated aggressively in the ongoing mining block e-auction in Odisha.
Paradip Port Trust had awarded JSW Infrastructure the right to develop a fully mechanized iron ore export terminal on Build, Operate &Transfer basis for 30 years. Following the commissioning of this new terminal, JSW Infrastructure’s current cargo capacity crosses the 100 MTPA mark.
“Paradip location continues to remain attractive for Iron ore movement for sea route. With the commissioning of this terminal, India can now offer cape size shipments. The capacities are far better than not only any other Indian port but also many ports Internationally. The most modern, fully mechanized & environment-friendly terminal will enable minimal handling loss for our customers with faster turnaround. This will help boost competitiveness of customers as well as Paradip Port.This terminal is part of our broader strategy to achieve 200 MTPA cargo handling capacities in next three years. We will achieve our capacity target through a mix of greenfield and brownfield expansions” Mr Arun Maheshwari, Joint MD & CEO of JSW Infrastructure said.
JSW’s iron ore terminal at Paradip comprises two ship-loaders, each with a capacity of 7,000 metric tonnesper hour. It also has 800,000metric tonnes cargo storage yardwith Rotary & Tandem Wagon tipplers to enable fast rake unloading. JSW commissioned its new terminal at Paradip by loading approximately 60,000 metric tonnes of iron ore pellets in MV IC Phoenix for one of the country’s leading pellet manufacturer, Brahmani River Pellets Ltd.