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Essar’s iron ore berth project to commission soon

November 6, 2012 Leave a comment

Essar Ports is likely to commission its 16-million tonne iron ore berth at the Paradeep Port in Odisha soon.

The company has completed civil and engineering work. Currently, it is awaiting an official approval to formally commission the facility. The Rs 520-crore iron ore berth project, with an installed capacity of 16 million tpa, has a 75:25 debt equity component.

In 2009, the company was awarded the 30-year concession BOT order from the Paradip Port Trust. The contract involves building a mechanised berth of 370 mtrs length.

Also, it has bagged a contract to develop a 14-million tonne coal berth terminal at the Paradeep Port. In June 2012, it had obtained forests clearances for this project.

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