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

06 Feb 2024 CW Team

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.

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..