JSW Infrastructure begins commercial operations at Paradip East Quay Terminal in Odisha

JSW Infrastructure has invested Rs 1,300 crore  in developing Paradip East Quay terminal

 Odisha Taza News (12.5.2022) Paradip/ Bhubaneswar :- JSW Infrastructure, India’s leading ports company and part of US$ 13 billion JSW Group, has begun commercial operations at Paradip East Quay Coal Terminal in Odisha. This is a fully-mechanized terminal at Paradip Port Trust with an annual coal handling capacity of 30 million tons . The coal terminal has been built as a cape compliant terminal and will handle capesize vessels once the dredging at Paradip Port is completed. The terminal has capacity to unload 25 rakes per day and can load two vessels simultaneously.

The infrastructure of the terminal is built to ensure higher productivity while reducing overall logistics cost to power producers. The company has invested approximately Rs 1,300 crore to establish this terminal at Paradip Port.Paradip Port Trust awarded JSW Infrastructure to develop a fully-mechanized coal terminal on Build, Operate & Transfer basis for 30 years. Following the commissioning of this coal terminal, JSW Infrastructure’s current cargo capacity crosses 150 MTPA. It aims to have a total cargo handling capacity of 200 MTPA by FY24.

Commenting on its coal terminal at Paradip, Mr Arun Maheshwari, Joint MD & CEO of JSW Infrastructure said,

“Paradip Port continues to be an attractive sea route for coal movement. With the commissioning of this terminal, India can now offer cape size shipments with efficient operations. During the last few months, steam coal prices globally have witnessed sharp increase forcing thermal power plants and other coal based industryto switch todomestic coal.Start of this coal terminal has come at the right time to fill up the demand gap of domestic coal.

Through high productivity and larger shipment size, we hope to reduce overall logistics costs for our coal cargo customers. As the country pursues PM’s vision of Atma Nirbhar Bharat, the total thermal coal demand in India is expected to remain strong and our endeavor would be to maximize fulfilmentby domestic producers. Our coal terminal is expected to be an integral part of this visionary journey.”

JSW Infrastructure also has an Iron ore terminalat Paradip Port with a capacity to handle 10 million tons per annum of iron ore/ pellets. This iron ore terminal loaded highest ever 1.4 lakh tonnes in a single vessel in the month of March 2022. The iron ore terminal is designed to load the cape vessels within 48 hours and has recently achieved the highest load rate of over 1 lakh tons per day which is the best ever by any port in India.

 About JSW Infrastructure :-

JSW Infrastructure is part of the diversified US$ 13 billion JSW Group. As one of India’s leading business houses, JSW Group also has other business interests in sectors such as steel, energy, cement, paints, sports and venture capital. JSW Infrastructure is ranked among the Top 5 Port companies in India and operates environment-friendly seaports & terminals. Its nine state-of the-art port facilities flanked across East, West & Southern regions of the country are a testament to its commitment to nation-building with best-in-class infrastructure. These facilities are designed to make JSW Infrastructure a benchmark for efficiency and sustainability in port operations.

Its international presence includes a terminal it operates at Fujairah, UAE.  The existing ports & terminals of the Company are capable of handling a wide range of cargo and vessels up to Cape size. Its fully mechanised state-of-the-art facilities enable faster turnaround of vessels while ensuring efficient use of existing resources and logistical advantage to its customers. JSW Infrastructure is continuously expanding its cargo-handling facilities and has healthy mix of captive and external cargo business.

As part of its future growth strategy, the Company plans to enhance its overall cargo-handling capacity to 200 MTPA within the next few years. It is also strengthening its market position through a holistic approach by focusing on value-added offerings with end-to-end logistic support and a decent cargo profile. The company has been acknowledged for its business excellence from time to time. JSW Infrastructure is committed to strengthening its ESG performance across the operational ecosystem by aligning its policies and practices with international standards.