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JSW Steel may go ahead with 12 mtpa Odisha steel project sans captive port

State govt is not keen to allow private players to build captive ports. Will instead award select sites via bidding for development as commercial ports

JSW, JSW SteelJSW, JSW Steel, stressed steel assets
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JSW, JSW Steel, stressed steel assets

Jayajit Dash Bhubaneswar
Sajjan Jindal-led JSW Steel might have to settle for its 12 million tonne mega steel mill proposed in Odisha without a captive port project. The port project, part of the steel maker's consolidated investment package, was considered key to its operations in the state. JSW Steel had pledged an investment of Rs 20 billion on the captive port, and had chosen Jatadhari Muhan, a site located 13 km from the limits of the major port at Paradip.

The Odisha government is not keen to allow private players to build captive ports. Instead, the government will award identified sites through competitive bidding