JSW Infra to invest Rs 2,000 cr in Bengal deepwater port
JSW Infrastructure, part of Sajjan Jindal's JSW group, is keen to invest over Rs 2,000 crore in a deepwater port in West Bengal.
By TNN |
KOLKATA: JSW Infrastructure, part of Sajjan Jindal’s JSW group, is keen to invest over Rs 2,000 crore in a deepwater port in West Bengal.
The group has already firmed up plans to pump in Rs 35,000 crore to set up a 10-million tonne steel plant with a captive power plant in the state. The project is likely to be taken up by JSW Infrastructure and Logistics.
“We are interested in setting up a deepwater port in West Bengal, which will be capable of handling raw material imports for the steel and power plants we plan to set up in the east,” JSW group vice-chairman and MD Sajjan Jindal told reporters.
“However, I am not too sure about the location of the port. I will discuss these things with chief minister Buddhadeb Bhattacharjee,” he added.
On Friday, Mr Jindal met the CM to discuss the group’s latest proposal.
Incidentally, the state has been keen to develop a deep-sea port. It has also received proposals for setting up shipbuilding yards from Essar group, Apeejay and Bharati Shipyards.
The JSW group’s port project would require an investment of anywhere between Rs 1,500 crore and Rs 2,000 crore. It will be undertaken by group company, JSW Infrastructure, which is already building greenfield ports in Goa, Ratnagiri in Maharashtra and Kakinada in Andhra Pradesh.
Mr Jindal said he is looking at a deepwater port on the sea, which typically has a higher draft and is capable of handling large vessels. “We have already applied for dedicated berths in Haldia, Paradip, Dhamra and Krishnapattam ports to handle over 5 mt of raw materials through these ports.”
The group’s total investment plans in the east exceed Rs 1 lakh crore and include a 10-mt steel and mega power projects in Jharkhand, West Bengal and Orissa.
The group has already firmed up plans to pump in Rs 35,000 crore to set up a 10-million tonne steel plant with a captive power plant in the state. The project is likely to be taken up by JSW Infrastructure and Logistics.
“We are interested in setting up a deepwater port in West Bengal, which will be capable of handling raw material imports for the steel and power plants we plan to set up in the east,” JSW group vice-chairman and MD Sajjan Jindal told reporters.
“However, I am not too sure about the location of the port. I will discuss these things with chief minister Buddhadeb Bhattacharjee,” he added.
On Friday, Mr Jindal met the CM to discuss the group’s latest proposal.
Incidentally, the state has been keen to develop a deep-sea port. It has also received proposals for setting up shipbuilding yards from Essar group, Apeejay and Bharati Shipyards.
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The JSW group’s port project would require an investment of anywhere between Rs 1,500 crore and Rs 2,000 crore. It will be undertaken by group company, JSW Infrastructure, which is already building greenfield ports in Goa, Ratnagiri in Maharashtra and Kakinada in Andhra Pradesh.
Mr Jindal said he is looking at a deepwater port on the sea, which typically has a higher draft and is capable of handling large vessels. “We have already applied for dedicated berths in Haldia, Paradip, Dhamra and Krishnapattam ports to handle over 5 mt of raw materials through these ports.”
The group’s total investment plans in the east exceed Rs 1 lakh crore and include a 10-mt steel and mega power projects in Jharkhand, West Bengal and Orissa.
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