JSW TUTICORIN MULTIPPOSIS TERMINAL PVT LTD), a subsidiary or JSW Infrastructure Ltd (JSWIL) and part of the JSW group, is ready for intermediate commercial load operations in bulk in the Puerto Voc of Thothukudi. This follows at the end of dredging operations in the position last week.
With a draft or 14.20 meters and a 306 -meter spring length, the private terminal can advance on ships of up to 95,000 tons of dead weight (DWT). Equipped with two mobile cranes of 120 tons capacity, the terminal can download dry chocolate load, such as coal, limestone, plaster, rock phosphate and copper concentrate, according to port sources.
Previously, a shallow coast, this new installation is located in the Puerto Inter. As a result of the dredging, the port has recovered 11 hectares of land, which will be used for cargo storage, turning waste into valuable resources, the sources said.
In August 2024, a concession agreement was signed between the Port Authority VO Chidambaranar (Vocpa), Thothukudi and JSw Tuticorin Multipuritis PVT LTD Terminal for the mechanization of the load of the North Load (NCB-IIII) to handle, for handling, for handling. Finance, operate and transfer) for a period or 30 years.
Edwin Samuel, founder and CEO of Pearl Shipping, based in Thothukudi, said that the ninth place in the port used to be the only high draft liter for bulk cargo ships that transport coal, limestone, etc., when he faced an entrance in a prolonger of prolonge, periods for bulk cargo ships. However, the JSW Terminal, equipped with two mobile port cranes, will serve as an additional installation that serves high draft bulk ships and will relieve the congestion for bulk ships, he said.
ICRA, in a qualification for the terminal, said that the company is to mechanize the North Position Bund-III in the port of Voc with the ability to handle approximately 7 million tons per year (MTPA) or bulk load, including coal, plaster, limestone and rock phosphate.
The total capital disbursement for the project is ₹ 677 million rupees and the company has assured ₹ 500 million rupees through the term debt and has a commitment of sponsoring funds of ₹ 177 million JSWIL. In the future, the timely completion of the project within expected cost estimates will continue to be a key monitoring.
The terminal will handle the bulk load, with an important participation that is contributed by the coal used by the thermal power plants in the vicinity of the port of Voc, followed that nearby fertilizer plants consume phosphate.
ICRA pointed out that the Port Authority of VOC now handles bulk load in other Literas, since the position in which the load was previously managed has become a container terminal. Once the JSW Tuticorin terminal becomes operational, the bulk load is expected to change here, driven by the competitive price that expects to sacrifice the load owners. However, the company will be exposed to the risk of customer concentration, since it will defend itself in the compensation of some coal plants. In addition, load volumes in the terminal will be exposed to economic cycles. The qualifications are also limited by the competition of the nearby ports and terminals, for example, the Ennore terminal, the port of Karaikal and the planned port of Cuddalore, said ICRA.
JSW TUTICORIN will benefit from the freedom of pricing of establishing tariffs under the 2021 tariff guidelines for public association terminals of the Public Association (PPP) in the main ports. The guidelines allow the PPP terminals to concessioned after November 2021 to establish the rate based on the market conditions, unlike the 2021 terminals prior to November that have to obtain the rate approved by the port authorities, Icra said.
Posted on May 6, 2025
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