Jindal Steel on Friday announced the commissioning of the first phase of a cargo terminal at Paradip in Odisha, developed as part of a Rs 3,400 crore investment project. The terminal has a cargo handling capacity of 12.5 million tonnes.
The facility is expected to provide the company with dedicated, long-term port access as it moves ahead with plans to expand its domestic steel production capacity.
Developed through its subsidiary, Jindal Paradip Port Ltd (JPPL), the project was completed ahead of schedule, the company said in a regulatory filing.