JSW Infrastructure opens 18-mt iron ore terminal at Paradip port
This is the first step to becoming a third-party cargo handler
JSW Infrastructure Ltd, the port operating unit of the JSW Group, opened an 18-million tonne (mt) capacity iron ore terminal at Paradip Port Trust on Monday, mostly to handle third-party cargo as it moves from a captive port operator to a commercial one.
JSW commissioned its new terminal by loading approximately 60,000 tonnes of iron ore pellets on the bulk carrier MV IC Phoenix for one of the country’s leading pellet manufacturers, Brahmani River Pellets Ltd.
The Central government-owned Paradip Port Trust had awarded JSW Infra the rights to develop a fully mechanised iron ore export terminal on a build, operate and transfer (BoT) basis for 30 years. The company invested about Rs. 750 crore to build the facility. The 370-metre-long terminal is designed to handle capsize vessels for iron ore and pellet exports and can load 100,000 tonnes per day.
The high load rate is expected to significantly reduce the pre-berthing delays at Paradip as well as allow incremental cargo flow to the port. The terminal has two ship-loaders, each with a capacity of 7,000 tonnes per hour. It also has an 800,000 tonnes cargo storage yard with rotary and tandem wagon tipplers to enable fast rake unloading.
Ports run by JSW Infrastructure at Jaigarh and Dharamtar in Maharashtra, in Goa and Paradip, have a combined capacity of over 100 mt and handled a combined 65 mt of cargo in FY19, of which about 90 per cent was the group’s own.
“By 2025, the captive cargo and third-party cargo mix would be 50:50,” said Arun Maheshwari, Joint MD and CEO of JSW Infrastructure. “We are moving from a dependent port to an independent port operator,” he had told BusinessLine on October 11.
JSW Infras aims to build a port capacity for handling 200 mt by 2022 and 300 mt by 2025, to help handle 215 mt of cargo. Of this, more than 100 mt would be the group’s cargo and the rest would be third-party cargo.
Source: The Hindu Business Line