Indian port operator JSW Infrastructure has inaugurated its new iron ore terminal at Paradip Port Trust to facilitate the handling of third-party cargo.
The new terminal can manage 18 metric tonnes (MT) of cargo a year. The opening of the terminal is part of JSW Infrastructure’s strategy to move from captive port to commercial port operator.
JSW Infrastructure has invested approximately INR7.5bn ($105.06m) for the development of the new iron ore terminal.
As part of the build, operate, and transfer (BoT) deal with the Paradip Port Trust, JSW Infrastructure will manage the facility for a period of 30 years.
The 370m-long terminal can handle large cargo ships loaded with iron ore and pellet. The facility can load 100,000MT of cargo every day.
Featuring two vessel-loaders with a loading capacity of 7,000MT an hour, the terminal also offers 800,000MT of cargo storage facility fitted with rotary and tandem wagon tipplers for faster rake unloading.
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JSW Infrastructure joint managing director and CEO Arun Maheshwari said: “By 2025, the captive cargo and third-party cargo mix would be 50:50. We are moving from a dependent port to an independent port operator.
“With the commissioning of the iron ore terminal, JSW can now offer Capesize shipments from Paradip Port. The capacities are far better than not only any other Indian port but also many ports internationally.
“The most modern, fully mechanised and environment-friendly terminal will enable minimal handling loss for our customers with faster turnaround. This will help boost the competitiveness of customers, as well as Paradip Port.
Maheshwari added that the new terminal is part of the company’s plan to be able to manage 200MT of cargo in the next three years, which will be achieved via a combination of greenfield and brownfield expansions.