Steel maker Rashtriya Ispat Nigam plans to set up a INR 1,000 crore jetty for captive use along the Vizag coast to reduce cost and reliance on the nearby Gangavaram Port.

A steel ministry source told agencies that "RINL has already appointed consultancy firm RITES for doing the feasibility study a couple of months back. It has also approached the Andhra Pradesh government for getting the required permissions.”

State-run RITES provides engineering, consultancy and project management services in transport infrastructure sector under single roof.

Public sector company RINL depends on Gangavaram port for the movement of raw material and finished products.

But, given the size it is attaining with the expansion of its lone facility at Vizag, it becomes imperative for the company to set up own jetty to ensure smooth movement.

Gangavaram Port is located almost at the backyard of the company's Vizag facility. The proposed jetty will also come up just on the other side of the plant. RINL uses the Gangavaram Port to import coal and limestone and export its own finished products.

RINL is the second largest state owned steel maker in the country producing three million tonnes per annum at its lone facility at Vizag.

Source - Money Control

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