Kolkata: JSW Infrastructure and Logistics Ltd, part of JSW Group, is planning to build a deep sea port in Orissa, some 250km from its upcoming steel plant in West Bengal, and estimated to cost Rs1,500-2,000 crore, group vice-chairman and managing director Sajjan Jindal said.
“We’ll be using it to import coal and export steel from our Bengal and Jharkhand plants,” Jindal said here on Friday. “Port facilities in eastern India are insufficient. Paradip is overbooked, and Haldia isn’t a deep sea port.”
The proposed port in Orissa, to be built in about five years, would be capable of handling 20-25 million tonnes of cargo a year. It would have a minimum depth of 18.5m.
The JSW Group is building a similar port in Chile in partnership with a local businessman who has a 30% equity interest in the project. The port in Chile, which will have a depth of 25m, will be ready by 2013-14. It will be capable of handling up to 50 million tonnes of cargo a year.
The JSW group is investing $1 billion (around Rs4,200 crore) in Chile to develop iron mines, a deep sea port and a railway track connecting them.