India’s JSW Infrastructure Limited, a wholly-owned subsidiary of Indian business conglomerate JSW Group, has commissioned a new 18 million mt per year handling capacity for iron ore at Paradip Port in the eastern coastal state of Odisha, entailing an investment of $106 million, a company official said.
According to the official, the terminal will be able to handle iron ore fines and pellet export cargoes at the rate of 100,000 mt per day and will be able to load capesize vessels at the terminal.
JSW Infrastructure’s existing iron ore terminal at Paradip Port had two ship-loaders able to handle 7,000 mt per hour each, the official said.
JSW Limited, a steelmaking subsidiary of JSW Group, is also planning to construct a 13.2 million mt per year greenfield steel mill at Paradip on land earlier allotted for South Korean steelmaker POSCO’s now abandoned steel project in Odisha. The Odisha government has agreed in principle to hand over 2,968 hectares, part of the land acquired for the proposed POSCO project to JSW Limited for its greenfield steel mill project, government officials said. Earlier this year, the Forest Advisory Board approved the transfer of land acquired for POSCO to JSW Utkal Steel Limited, which is the name of the new greenfield steel project.