Port subsidiary commences commercial operations of Phase I 12.5 MTPA capacity
Jindal Paradip Port Limited, a subsidiary of the Company, has commenced commercial operations of its Phase I capacity of 12.5 MTPA with effect from October 15, 2026.
By ScoutQuest · · 1 min read
- Phase I Capacity Operational
- 12.5 MTPA
- Total Project Cost (Both Phases)
- Rs. 3,393 Cr
- Equity Invested by Company
- Rs. 258.25 Cr
What was announced
Jindal Paradip Port Limited, a subsidiary of the Company, has commenced commercial operations of its Phase I capacity of 12.5 MTPA with effect from October 15, 2026.
The project
- Jindal Paradip Port Limited entered a Concession Agreement with Paradip Port Authority for development of the Western Dock on a BOT (build-operate-transfer) basis at Paradip Port, Odisha.
- The concession is for a capacity of 25 MTPA, to be developed under 2 phases.
- Phase I is 12.5 MTPA. Existing capacity and existing capacity utilisation are stated as Nil.
- Both phases are progressing simultaneously.
Timeline
- As per the Concession Agreement, the commercial operation date (COD) for Phase I (12.5 MTPA) was to be achieved within 1095 days from the date of award of the concession, i.e. by 16th October 2026.
- The completion certificate for Phase I was obtained on 12th October 2026, ahead of the Scheduled Completion date.
- Commercial operations commenced with effect from October 15, 2026.
Cost and funding
- Total project cost is Rs. 3,393 Cr for both phases.
- Jindal Steel Limited has invested equity of Rs. 258.25 Cr.
- Mode of financing is debt/equity from banks and financial institutions/promoters.
Stated rationale
The update states that the commencement of operations in a subsidiary which has investment from the Company is to secure dedicated long term access to port.
How to read this
The update is about a subsidiary moving into commercial operation. The figures a reader can hold on to are the 12.5 MTPA Phase I capacity now operational, the 25 MTPA total concession capacity across 2 phases, the Rs. 3,393 Cr total project cost and the Rs. 258.25 Cr equity invested by the Company.
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More numbers
- Phase I capacity commenced12.5 MTPA
- Proposed capacity addition (Phase I)12.5 MTPA
- Concession capacity (both phases)25 MTPA
- Total project cost (both phases)Rs. 3,393 Cr
- Equity invested by Jindal Steel LimitedRs. 258.25 Cr
- Concession period for Phase I COD1095 days
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