| • |
It is a 50:50 joint venture
between L&T and Tata Steel. |
| • |
The proposal envisages
development of an all weather deep-water port
for handling bulk cargo with a maximum capacity
of 25 million tonnes. |
| • |
The port proposes to develop
material storage yard, associated mechanized
material handling facilities and construction of
62-kilometer private rail link between the port
site and SER network at Bhadrak. |
| • |
The Company has achieved
Financial Closure for Phase-I of the project in
February07 with signing of a loan agreement
with the consortium of lenders led by Industrial
Development Bank of India (IDBI). |
| • |
The construction of Phase-I has
commenced in March07 and port is expected to be
ready for commercial operation by March'10. |
