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Approval of Paradip Port is Most Likely to Improve the Coal Handling Facility

News

The government today approved a Rs 1,439-crore project for mechanization of three berths at Paradip port on public private partnership (PPP) basis.

Source - ET

SNP Insight

The Government approval for the Paradip Port at a cost of INR 1438 Crores on PPP mode seems to open up huge investment opportunity for the private participants. With the port facility coming up, uninterrupted coal supply for the power plants can be assured. Inaddition, Paradip seems to have a location advantage which is surrounded by the refinery and a large number of power plants.

Source - SNP Infra Research