Thursday 28 Mar 2024
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A consortium led by global supply chain manager Noble Group (SGX: NOBL) has been awarded a contract by The Paradip Port Trust (PPT) to build, operate and transfer (BOT) a mechanical facility for handling iron ore at Paradip Port, India, for a period of 30 years, said the Hong Kong-based global supply chain manager of agricultural, industrial and energy products..

Noble’s two other partners in the consortium are MMTC and Gammon Infrastructure Projects.

The consortium will design the berth and associated infrastructure to accommodate a throughput of 10 million tonnes per annum of iron ore. The loading berth will be approximately 370 metres in length allowing loading of 185,000 tonne vessels upon completion.

The total area reaches over 126,000 square metres and includes 370 metres of waterfront.

To take three years to complete, the facility will also features a stockpile area development of more than 82,000 square metres.

Noble Group Vice-chairman Harindarpal Singh Banga said “We remain focused on our core strategy of building businesses around strategic assets that add value and provide us greater control of the product flows through our supply chains. This investment provides us with an excellent opportunity to build out further our iron ore pipelines and complement our current operations in Australia, Brazil, China and India.”

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