Jindal Steel Subsidiary Commences 12.5 MTPA Port Operations

Regulatory Disclosure Details

Key Event

Jindal Paradip Port Limited (JPPL), a subsidiary of Jindal Steel Limited, has commenced commercial operations of its Phase I capacity of 12.5 MTPA with effect from October 15, 2026.

Project Details

• Total Project Capacity: 25 MTPA (developed in 2 phases)
• Phase I Capacity: 12.5 MTPA now operational
• Project Location: Paradip Port, Odisha
• Development Model: Build-Operate-Transfer (BOT) basis
• Concession Agreement: With Paradip Port Authority (PPA) for development of Western Dock

Timeline and Compliance

• Concession Agreement Requirement: COD for Phase-I to be achieved by 1095 days from date of award of concession (by October 16, 2026)
• Actual Completion: JPPL obtained completion certificate for Phase-I on October 12, 2026, ahead of scheduled completion date
• Current Status: Both phases are progressing simultaneously

Financial Investment

• Total Project Cost: Rs. 3,393 Crore for both phases
• Jindal Steel Equity Investment: Rs. 258.25 Crore only

Financing Mode

Debt/Equity from Banks and Financial Institutions/Promoters

Strategic Rationale

The operations commenced in the subsidiary to secure dedicated long term access to port facilities for the company.