The Dhamra Port Co said on Monday it will invest Rs 2,463 crore in the phase I of Dhamra Port project, which will have a handling capacity of 25 million tonnes per annum (mtpa).
Over 25 per cent of work on the port has already been completed, DPCLs CEO, Mr Santosh K. Mohapatra, told reporters here.
DPCL, an equal JV between Tata Steel and L&T, is on schedule and would be completed by April, 2010, he said.
We have already spent around Rs 700 crore on the project and 90 per cent of the land has been acquired, Mr Mohapatra said.
The port, situated in Orissa, would be capable of handling 83 mtpa of dry bulk once fully operational.
The company has already achieved financial closure for phase I in March 2007, and construction started the next month.
After the completion of phase I, the port would provide fully-mechanised handling facilities with a discharge rate of 60,000 tonne of coal and load rate of one lakh tonne iron ore per day.
The project includes construction of a 62 km rail link between Dhamra and Bhadrak on the Howrah-Chennai main line and a jetty of 700 m.
Over 25 per cent of work on the port has already been completed, DPCLs CEO, Mr Santosh K. Mohapatra, told reporters here.
DPCL, an equal JV between Tata Steel and L&T, is on schedule and would be completed by April, 2010, he said.
We have already spent around Rs 700 crore on the project and 90 per cent of the land has been acquired, Mr Mohapatra said.
The port, situated in Orissa, would be capable of handling 83 mtpa of dry bulk once fully operational.
The company has already achieved financial closure for phase I in March 2007, and construction started the next month.
After the completion of phase I, the port would provide fully-mechanised handling facilities with a discharge rate of 60,000 tonne of coal and load rate of one lakh tonne iron ore per day.
The project includes construction of a 62 km rail link between Dhamra and Bhadrak on the Howrah-Chennai main line and a jetty of 700 m.