Jindal ITF announces project driven partnership with SULA
Jindal ITF, a wholly owned subsidiary of Jindal SAW Ltd and Sula Shipping & Logistics Private Limited, pioneers of transshipment and barging of coal at Sandheads for the Farakka transhipment project, announced a project driven partnership. Together JITF and SULA are not only the pioneers but have also created the first commercially viable project. This partnership will increase the efficiency of the NTPC-Farakka waterways project which delivers imported coal to Farakka through barges.
The project is set to deliver three million tons of coal to Farakka via Hooghly river and ease congestion on rail rakes and roads. The Hooghly and Ganga waterway, under the new initiatives launched by the government will soon form a major supply route to and from the hinterland of North and East Indian industrial areas. The waterway is expected to move significant amount of coal in the next decade. It is further expected that transloading offshore in the NE Bay of Bengal and barging inland will increase to about 24 million tons in the next few years, bringing huge cargo volume directly to Haldia and Kolkata ports and riverine industries. Such potent and cost effective movement will bring about a paradigm shift lowering costs in an eco-friendly manner.
The Government of India has made the development of Inland waterways a top priority. Inland Waterways Authority of India – IWAI is working on multiple projects that will need similar services that are already being provided by JITF and SULA. This partnership combines the existing strengths of both the companies for the expected surge in Inland waterways traffic as well as the offshore transshipment business.
Both JITF and SULA have signed an MOU to give effect to this arrangement. The operations under this arrangement will be led by Capt. Shrikant Chandra - COO and Country Manager of SULA. Both JITF and SULA announced their satisfaction over the arrangement. The integration process of the assets and teams will commence immediately.
For further information, please contact:
Abha Negi – Corporate Communications, Jindal SAW Ltd.
Jindal ITF is a subsidiary of Jindal SAW Ltd. that redefines the existing norms in the areas of Water, Wastewater & Solid Waste Management, Logistics and Transportation Equipment Fabrication, keeping in mind the impact that a sustainable ecosystem will have on future generations. Having been involved in laying a strong foundation for a secure and sustainable future, Jindal ITF continues to add economic and social value to the Indian as well as global economy.About SULA:
SULA SHIPPING & LOGISTICS PVT. LTD. is a solution driven and forward thinking company offering global logistics services and solutions on a global basis. SULA Logistics provides cost effective tailored made solutions to its customers for the problems linked to draft restrictions, shallow water and port congestion. SULA solutions drives to improve the traditional concepts of unloading the bulk cargoes in fast developing & rapidly growing economies, where port infrastructure is lacking or ports suffer from congestion. SULA Self-Unloaders can load / discharge the cargo with a rate of 10,000-60,000 mt/day even in shallow water ports with or without barges. SULA’s solutions are also ideal for long term development of Inland waterways and canals through the length and breadth of the country.