JSW Infrastructure Starts Commercial Operation Of Coal Terminal In Odisha
JSW Infrastructure has initiated commercial operations at the Paradip East Quay Coal Terminal in Odisha.
The fully-mechanised terminal at the Paradip Port Trust is cape-compliant and has an annual coal handling capacity of 30 million tons.
It will handle the cape size vessels once the dredging at the Paradip Port is completed. Rs 1,300 crore has been spent to establish the terminal in the port. It can unload and load 25 and two rakes simultaneously on a daily basis.
JSW Infrastructure has been awarded the responsibility to develop a completely mechanised coal terminal on a Build, Operate and Transfer (BOT) basis for 30 years.
The company’s present cargo capacity has surpassed the 150 MTPA mark with the commissioning of this terminal. JSW Infrastructure has plans in place to enhance the total capacity to 200 MTPA by FY24.
Steam coal prices have reportedly increased in recent times and that has compelled coal-based industries to make the shift to domestic coal, UNI India reports.
JSW Infrastructure maintains that this terminal has thus come at an appropriate time to fill up the prevalent demand gap for domestic coal. They also have an iron ore terminal having a capacity to handle 10 million tons of iron ore/pellets annually.