JSW Infrastructure to Invest Rs 150 Billion in Port Expansion

03 Feb 2025 CW Team

JSW Infrastructure plans to invest Rs 150 billion over the next three years, primarily in port development, and an additional Rs 90 billion over five years in logistics. Of the logistics budget, Rs 10 billion has already been spent on acquiring Navkar Corporation.

According to Lalit Singhvi, Whole-time Director and CFO, the company’s greenfield port projects, including Jatadhar, Keni, and Murbe, are on track for completion within two to three years. Brownfield expansions at Jaigarh and Dharamtar are also progressing, with operations expected to begin within 18 months. Meanwhile, the Goa terminal is nearing completion and is set to be fully operational by March.

The company anticipates higher cargo volumes in the next financial year, with the Tuticorin and JNPT terminals—operating under a PPP model—receiving interim approvals to commence operations. By FY30, JSW Infrastructure aims to increase its cargo-handling capacity to 400 million tonnes per annum (MTPA), with an interim target of 292 MTPA by 2028, up from the current 174 million tonnes.

For Q3FY25 (October-December 2024), the company reported revenue of Rs 11.81 billion, a 36.2% margin, and a net profit of Rs 3.29 billion. Despite holding cash reserves of Rs 40-45 billion, JSW Infrastructure has indicated that a Qualified Institutional Placement (QIP) may be considered by October 2026, if required.

(indiashippingnews)

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