Specifically, the company invested ₹750 crore to set up the new terminal at Paradip, as Indian news "The Hindu" reported.

The 370-long terminal is designed to handle capesize ships.

As stated above, the high load rate is expected to effectively decrease the pre-berthing delays at the port, as well as enable incremental cargo flow, which is planned to be the largest port in India, according to the company.

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Moreover, the terminal's 18 MTPA capacity will make it easier to handle capesize vessels for iron ore and pellet exports and can load at a rate of 100,000 million tonnes per day.

In the meantime, the port has awarded the company to launch a fully mechanised iron ore export terminal on Build, Operate and Transfer basis for 30 years.

Arun Maheshwari, Joint MD and CEO of JSW Infrastructure concluded that the location is ideal for iron ore movement via the sea route.