Arcelor-Mittal plans captive port in Orissa

Arcelor-Mittal, the largest steelmaker of the world, plans to set up a captive port at Barunei Muhan, located to the north of Mahanadi river near Paradip in Orissa, according to media reports.

The steelmaker will use the post to import raw materials and export finished products of the company's proposed integrated mega steel plants in Orissa and Jharkhand. The company has made a presentation on the port project before the Orissa Chief Secretary Ajit Kumar Tripathy on Friday.

The company has proposed to construct a double-lane rail line to connect the port with the Paradeep-Haridaspur main line and four-lane road will be constructed to connect the port with the National Highway No 5.