Tata Steel, L&T plan mega port in Orissa
The Financial Express — September 23, 2005

Larsen & Toubro (L&T) and Tata Steel plan to make Orissa's Dhamra Port one of the largest in the world over a period of 10 years. "If market conditions permit, we will work towards taking the total port capacity to 80mt per annum with the construction of 13 berths," said Tata Steel managing director B Muthuraman. Dhamra Port Ltd (DPL), the company with 50:50 equity participation by L&T and Tata Steel, is proposing to develop the port in two phases to handle 25mt of cargo per annum with an investment of about Rs 3000-4000 crore.

The port will have two dry cargo berths to handle 12-15mt of coking coal, coal and iron ore per annum with an investment of Rs 1500-2000 crore in phase I. The equity component would be Rs 330 crore. The phase is scheduled to be completed by mid-2008. In phase II, capacity will be doubled, clean cargo berths will handle finished steel and intermediaries with an investment of another Rs 1500-Rs 2000 crore.