JSW Infra in a race to buy 3 ports
ECONOMY & POLICY

JSW Infra in a race to buy 3 ports

JSW Infrastructure, the ports division of the JSW Group led by Sajjan Jindal, has submitted bids totaling Rs 2,000 crore to acquire three ports as part of the government's privatization initiative. This strategic move is expected to bolster the company's capacity by an additional 10-12%. In a separate development, the company, which ranks as the second-largest commercial port operator in the country based on cargo handling capacity, has announced a pricing range of Rs 113-119 per share for its upcoming initial public offering (IPO) valued at Rs 2,800 crore. The IPO will open on Monday, September 25, and conclude on Wednesday.

Arun Maheshwari, the Joint Managing Director and CEO of JSW Infrastructure shared insights on the company's plans, stating, "Post this IPO, we will be net-debt free, we will have enough headroom to grow, and if required, we can raise additional capital also. So, we have placed bids for three ports that are coming up for privatization."

JSW Infrastructure, the ports division of the JSW Group led by Sajjan Jindal, has submitted bids totaling Rs 2,000 crore to acquire three ports as part of the government's privatization initiative. This strategic move is expected to bolster the company's capacity by an additional 10-12%. In a separate development, the company, which ranks as the second-largest commercial port operator in the country based on cargo handling capacity, has announced a pricing range of Rs 113-119 per share for its upcoming initial public offering (IPO) valued at Rs 2,800 crore. The IPO will open on Monday, September 25, and conclude on Wednesday. Arun Maheshwari, the Joint Managing Director and CEO of JSW Infrastructure shared insights on the company's plans, stating, Post this IPO, we will be net-debt free, we will have enough headroom to grow, and if required, we can raise additional capital also. So, we have placed bids for three ports that are coming up for privatization.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?