By Our Correspondent
BHUBANESWAR/PARADIP: The Naveen Jindal led Jindal Steel & Power Ltd (JSPL) has emerged the highest bidder on a tender floated by State-owned Paradip Port Authority to build a 25-million tonne (mt) capacity, deep draft, dry bulk cargo terminal at the Western Dock of the port located in Odisha with an investment of ₹2,392.13 crore.
JSPL beat Essar Ports Ltd and Navayuga Engineering Company Ltd to emerge the highest bidder. This will be JSPL’s first big contract in the ports sector, a business it has been looking to enter for some years now, including buying the Gopalpur Port in Odisha which was eventually acquired by Shapoorji Pallonji Group.
Naveen Jindal’s brother Sajjan Jindal-led JSW Infrastructure Ltd is one of India’s biggest port operators. JSW Infrastructure had also applied on the Western Dock tender but could not qualify.
