Hyderabad-based Navayuga Engineering Co. is planning to construct a Rs.6,000 crore port at Astaranga, a fishing jetty between Paradip and Puri in Orissa.

The company will also build a 50 km railway line linking Astaranga with the Howrah-Chennai main line on Khurda Road with an investment of Rs.400 crore on public-private-partnership basis.

The company will implement the port project near Devi river in three phases on a build- own-operate-share-transfer basis, with an investment of Rs.1,500 crore in the first phase. The second and third phase of the project will comprise Rs.2,000 crore and Rs.2,500 crore, respectively.

The company will also require 5,000 acre at Astaranga where it has proposed to set up a 1,320 MW (660 x 2 MW) captive power plant besides a fly-ash brick unit and desalination plant separately.

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