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Dhamra Port receives green signal for Phase-II expansion plan

Friday, 17 Jan 2014
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Dhamra Port, a 50:50 JV between Larsen & Toubro (L&T) and Tata Steel, has received environmental clearance from the Ministry of Environment & Forests for its Phase-II expansion plan at Bhadrak in Orissa.

 

As per the plan, the company intends to invest Rs 7,000 crore over the next five years. The port will order 11 cargo berths under the plan. On completion of the expansion, the cargo handling capacity of the port will be increased to 100 million tpa from the existing 25 million tpa.

 

The development is a result of Dhamra Port appointing Adani Ports and Special Economic Zone (APSEZ) as its operations consultant.

 

In 2013, APSEZ agreed to acquire the port. Once the deal comes through, it will boost APSEZ's presence on the east coast.

 

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