Jindal Steel on Friday said it has commissioned a 12.5 million tonne cargo terminal in Odisha as part of a ₹3,400-crore investment project.
The start of commercial operations in Paradip will help secure dedicated long-term access to the port, as the company is in process of enhancing its domestic steel making capacity.
The project, set up through its subsidiary Jindal Paradip Port Ltd (JPPL), has been commissioned ahead of schedule, Jindal Steel said in an exchange filing.
Jindal Paradip Port, in which Jindal Steel holds a controlling stake, is developing a 25 million tonne per annum (MMTPA) dry bulk cargo terminal at the Western Dock of Paradip Port in Odisha.
In an exchange filing, the company said Jindal Paradip Port has commenced commercial operations of its Phase-I capacity of 12.5 MTPA with effect from October 15, 2026.
Jindal Paradip Port had entered into a concession agreement with the Paradip Port Authority (PPA) to develop a Western Dock on BOT (build-operate-transfer) basis at Paradip Port, Odisha, with a capacity of 25 MTPA (under 2 phases).
As per the concession agreement, COD (Commercial Operation Date) for Phase-I (12.5 MTPA) to be achieved 1,095 days from date of award of concession i.e. by October 16, 2026.
JPPL obtained a completion certificate for Phase -I of the project under concession agreement on October 12, ahead of the scheduled completion date.
Both the phases are progressing simultaneously. The total project cost is ₹3,393 crore for both the phases.