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📖 The Scoop

The infrastructure company, part of the USD 14 billion JSW Group, is investing 

nearly Rs 300 crore to develop the terminal which will have a capacity of 400,000 

TEU. As part of the proposed investment, JSW Infrastructure will undertake 

mechanisation of berth number 14 for handling containers and other cargo on 

Design, Build, Finance, Operate and Transfer basis, the company said in a 

statement. The container terminal will have a quay length of 350 metres and 

accommodate vessels up to 9000 TEUs. It will have a backup storage area of 15.5 

hectares for storage of container. Joint MD & CEO of JSW Infrastructure Arun 

Maheshwari said the concession agreement with NMPT is part of the company's 

strategic direction to achieve 200 MTPA cargo handling capacity over next couple 

of years. Over the years, the NMPT has grown fast to handle over 42 million tons 

of cargo traffic in 2018-19. Container traffic at NMPT has been growing at a 

CAGR of 15 per cent since 2013 as compared to Indian container traffic growth 

of 7.52 per cent.

Genre: Law / Natural Resources (fancy, right?)