PPT signs concession agreement with JSW Group

Odisha Channel Bureau Paradip, May 30: Paradip Port Trust (PPT) and JSW Paradip Terminal Private Limited (JSWPTPL) today signed the concession agreement to develop a new iron ore berth for handling of iron ore exports at Paradip Port on Built Operate and Transfer (BOT) basis.M.T.Krishna Babu, Chairman, PPT signed the agreement on behalf of PPT and B.V.J.K.Sharma, JMD & CEO signed on behalf of JSWPTPL.Established in 1965, PPT has grown to become second largest among the major ports in India, handling about 71 million tones cargo last financial year (FY2015).JSW Group is an USD 11 billion conglomerate, part of the O.P.Jindal Group, having substantial presence across core sectors of India’s economy like steel, energy, infrastructure and cement.JSW Steel Ltd is the flagship company of JSW Group having installed steel production capacity of 14.3 million tonnes per annum (MTPA).JSW Energy Ltd has installed capacity of 3140 MW with another 8630 MW capacity under various stages of development.JSW Cement Ltd has installed capacity of 6 MTPA.Further, with installed capacity of over 33 MTPA, JSW Infrastructure Limited(JSWIL) as a logistics vertical of JS group handled about 24 MTPA cargo last year across its port facilities in Dharamtar Port near Mumbai, South West Port terminals at Goa and Jaigarh Port at Ratnagiri, Maharashtra.JSWIL has given direct and indirect employment opportunities to about 1500 people in addition to business avenues to local entrepreneurs at its port locations.The project ‘Development of New Iron Ore berth for handling of Iron Ore Exports at Paradip Port on Built Operate and Transfer (BOT) basis’ envisages construction of iron ore handling facilities capable of handling exports up to 10 million tonnes per annum at Paradip Port.The project includes a berth for handling ships upto 1,25,000 DWT. The length of the berth will be 370 m and dredged to (-) 17.1 m.Iron Ore loaders of 4000 T/hrs with conveyors, drive house etc.has been planned to handle such quantity of exports.The iron ore stream will have a pair of wagon tipplers handling 40 wagons per hour in heavy axle Wagons carrying 75 tonnes.The conveyance of ore from tippler to plot shall be in two stream of conveyor of capacity 4000 T/hrs.Materials will be stacked by 2 nos.stackers of capacity 4000 TPH each on about 82,125 Sqm.storage area.Loading to ship will be by two Reclaimers of 4000 TPH through the loaders at berth.The agreement signed between PPT & JSWPTPL provides for concession period of 30 years vide which JSW would develop, operate and maintain modern mechanized terminal of 10 MTPA capacity at an estimated project cost of Rs.740 crores.JSW would invest about Rs.605 crores while balance would be contributed by PPT towards providing supporting project infrastructure facilities.The environment-friendly and efficient terminal operations would provide employment and entrepreneurship opportunities for locals and would actively contribute to the socio economic development of Paradip region.