JSW Infrastructure, a part of the Sajjan Jindal Group, has recently announced an investment of Rs.2,000 crore to set up a captive port in Odisha's coast at Jatadhari Muhan area on the outskirts of Paradip. According to an official spokesperson, the port would have a capacity to handle 10 million tons of cargo and the capacity subsequently be hiked to 20 million tons. In a previous communication with the Industrial Promotion & Investment Corporation of Odisha (Ipicol), JSW Steel, he added that the site selected by the company is outside the port limits of Paradip, a major port and away from the proposed Astaranga port as indicated in the concession agreement. The captive port is expected to cater to the requirement of JSW's shore-based steel plant proposed near Paradip for which the company has committed an investment of Rs.50,000 crore covering the creation of allied facilities on an area of 4500 acres of land.
India News | For International News click here