JSW to set up port in Orissa.
Balasore, Ports and waterways July 27th. 2008, 11:33amFollowing is an excerpt from a report in Business Standard.
Sajjan Jindal-controlled the JSW Steel group is planning to set up a Rs 2,000 crore port project in the Bhadrak district of Orissa.
Addressing the media, Sajjan Jindal, vice chairman and managing director, JSW Steel said, a place near Bhadrak district had been identified and it was right outside the border of West Bengal. The earlier plan was to participate in Bengal’s proposed deep sea port project.
… The proposed port in Orissa would have an initial capacity of 25-30 million tonnes and would take 3-4 years to execute the project. The port would handle large vessels and carry out dredging to increase the draft to 18.5 metres and would be executed by group company, JSW Infrastructure & Logistics.
The port would support import of raw materials and export of finished goods of the 10 million steel plants in West Bengal and Jharkhand.
This news appeared in many places (eg. Hindu) , but they all wrongly mention Bhadrakh district. The mouth of Subarnarekha and the district adjacent to West Bengal is Balasore, not Bhadrakh.