JSW Steel Group announced that the company is looking at the possibility of setting up a deep sea port in West Bengal, reports Economic Times.
The vice chairman and the managing director of the company had a meeting with the chief minister of West Bengal, and it is believed that the minister has asked the company to study and submit a report on the proposed deep sea port in the state.
The company will carry out a feasibility study and it is likely to start in the first week of February, sources said. The group has developed three ports in Goa, Ratnagiri in Maharashtra and Kakinada in Andra Pradesh.
The group is entering into the deep sea port for the first time. It is believed that the group was interested in three sectors, steel, power and a port for West Bengal.
The centre is also carrying out its own independent feasibility study. The short-listed consultants had sought change in terms of reference to carryout the study.
Also, the power plant capacity will be increased to 1,800 mw from 1,200 mw to be set up in the first phase at the Salboni steel project. The steel project would require 1,000 mw and rest power would be pushed to the state or national grid. The company will also develop two ITIs on the PPP model to train local people for the steel plant in Salboni, and it is likely to attract an investment of Rs 350 billion.
Shares of the company gained Rs 82.1, or 9.27%, to settle at Rs 967.5. The total volume of shares traded was 159,396 at the BSE.
The vice chairman and the managing director of the company had a meeting with the chief minister of West Bengal, and it is believed that the minister has asked the company to study and submit a report on the proposed deep sea port in the state.
The company will carry out a feasibility study and it is likely to start in the first week of February, sources said. The group has developed three ports in Goa, Ratnagiri in Maharashtra and Kakinada in Andra Pradesh.
The group is entering into the deep sea port for the first time. It is believed that the group was interested in three sectors, steel, power and a port for West Bengal.
The centre is also carrying out its own independent feasibility study. The short-listed consultants had sought change in terms of reference to carryout the study.
Also, the power plant capacity will be increased to 1,800 mw from 1,200 mw to be set up in the first phase at the Salboni steel project. The steel project would require 1,000 mw and rest power would be pushed to the state or national grid. The company will also develop two ITIs on the PPP model to train local people for the steel plant in Salboni, and it is likely to attract an investment of Rs 350 billion.
Shares of the company gained Rs 82.1, or 9.27%, to settle at Rs 967.5. The total volume of shares traded was 159,396 at the BSE.