Jindal Steel & Power emerges as highest bidder in western dock of Paradip PortJINDALSTEL - 694 Change: -1.50 (-0.22 %)
News: As per Financial Express, Jindal Steel and Power (JSPL) emerging as the highest bidder for developing the western dock of Paradip Port would mark the firm’s foray into the ports and shipping sector. JSPL won the bid (Rs 2392 crore) to build a 25-million tonne (MT) capacity dry bulk cargo terminal at the western dock
View: JSPL currently exports 3 MMT cargo and imports 8 MMT coking coal, steel coal and limestone via 6 ports (Haldia, Dhamra, Paradip, Gopalpur, Visakhapatnam and Gangavaram). JSW Infrastructure owns 110 MMT of cargo handling capacity across ports, of which 60% of this capacity is utilised by JSW Steel and JSW Energy, and the balance 40% is serviced by third-party customers.