JSW Infra to invest Rs 70 billion to enhance cargo handling capacity
ECONOMY & POLICY

JSW Infra to invest Rs 70 billion to enhance cargo handling capacity

The company owned by Sajjan Jindal had emerged as the winning bidder for the development of a greenfield port at Keni in Karnataka last year. Following this, a concession agreement was signed with the Karnataka Maritime Board, as mentioned by Maheshwari. He stated that for the Keni port, the concession agreement was entered into in November last year, and construction will commence once the remaining approvals are obtained. The anticipated timeframe for completion is four years.

The estimated capital expenditure for the port is Rs 41.19 billion, and it is projected to have an initial cargo handling capacity of 30 million tonnes per annum (MTPA).

Additionally, Maheshwari mentioned the company's involvement in Jatadhar in Odisha, another greenfield port. He noted that JSW Steel plans to establish a steel plant there, with all necessary approvals already in place. The concession agreement is expected to be signed within the current month or the next four weeks. JSW Infra will then initiate the construction of the port, with a targeted capacity of 30 million tonnes in phase 1. This project is estimated to require a capital expenditure of about Rs 30 billion and is anticipated to be completed in 3-4 years.

Furthermore, JSW recently acquired a majority shareholding in PNP Maritime Services (PNP Port), an operating port in Raigad, Maharashtra, for Rs 2.7 billion. The port currently has a capacity of 5 MTPA, with the potential to expand to 19 MTPA.

Maheshwari expressed the company's goal to increase the capacity of the acquired port by 14-15% annually from the base, aiming to reach a total of at least 10 million in the next 3-4 years.

The company owned by Sajjan Jindal had emerged as the winning bidder for the development of a greenfield port at Keni in Karnataka last year. Following this, a concession agreement was signed with the Karnataka Maritime Board, as mentioned by Maheshwari. He stated that for the Keni port, the concession agreement was entered into in November last year, and construction will commence once the remaining approvals are obtained. The anticipated timeframe for completion is four years. The estimated capital expenditure for the port is Rs 41.19 billion, and it is projected to have an initial cargo handling capacity of 30 million tonnes per annum (MTPA). Additionally, Maheshwari mentioned the company's involvement in Jatadhar in Odisha, another greenfield port. He noted that JSW Steel plans to establish a steel plant there, with all necessary approvals already in place. The concession agreement is expected to be signed within the current month or the next four weeks. JSW Infra will then initiate the construction of the port, with a targeted capacity of 30 million tonnes in phase 1. This project is estimated to require a capital expenditure of about Rs 30 billion and is anticipated to be completed in 3-4 years. Furthermore, JSW recently acquired a majority shareholding in PNP Maritime Services (PNP Port), an operating port in Raigad, Maharashtra, for Rs 2.7 billion. The port currently has a capacity of 5 MTPA, with the potential to expand to 19 MTPA. Maheshwari expressed the company's goal to increase the capacity of the acquired port by 14-15% annually from the base, aiming to reach a total of at least 10 million in the next 3-4 years.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code