AMNS Paradip Secures 30-Year Berth Deal at Paradip Port

AMNS Paradip Logistics Private Limited (APLPL), a special purpose vehicle of ArcelorMittal Nippon Steel India (AM/NS India), recently secured a 30-year concession. This agreement, granted by the Paradip Port Authority (PPA), allows for the mechanization and operation of the CQ-III berth.

Developing Mechanized Dry Bulk Capacity

The concession enables the development of a fully mechanized berth, designed to handle 10 million tonnes per annum (MTPA) of dry bulk cargo. This significant project was formally presented by Union Minister Sarbananda Sonowal.

• The berth, designated as CQ-III, will be operated by AMNS Paradip Logistics Private Limited.
• Its primary function is to facilitate the coastal transportation of iron ore pellets.

Strategic Supply Chain Enhancement

This initiative aims to move iron ore pellets from AM/NS India’s pellet plant located in Paradeep, Odisha. The pellets will be transported to its flagship steel manufacturing facility situated in Hazira, Gujarat.

• The project is expected to bolster AM/NS India’s long-term growth trajectory.
• It will establish a robust and environmentally friendly supply chain for the company.

The agreement aligns with the Indian government’s broader policy to promote coastal shipping. This mode of transport is considered a more fuel-efficient, economical, and lower-emission alternative compared to traditional road or rail transport methods, offering strategic advantages.