JSW Infra Unveils Rs 300 Billion Capex; Aims 400 MTPA Cargo by FY30

20 Dec 2024 CW Team

JSW Infrastructure has announced a Rs 300 billion capital expenditure plan to boost its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30. The growth strategy will focus on logistics integration and a mix of greenfield and brownfield projects at key strategic locations across India. The company plans to enhance its logistics network through acquisitions, including Navkar Corporation, and a slurry pipeline project. In terms of brownfield expansion, JSW Infra is increasing capacity at existing ports in Jaigarh, Dharamtar, and Goa. It is also developing new ports at Jatadhar, Keni, and Murbe under its greenfield initiatives. JSW Infrastructure reported a strong financial position with zero net debt as of September 30, 2024, highlighting its robust balance sheet. The company has also significantly diversified its cargo portfolio, with third-party cargo now accounting for 48% of total volumes in H1 FY25, compared to just 5% in FY19. The company aims for a 50-50 split between group and third-party customers to ensure stability and profitability. Sustainability remains a key focus for JSW Infrastructure, with plans to integrate advanced technologies to minimise environmental impact. The company has committed to reducing its greenhouse gas emissions and achieving net-zero emissions by 2050. "Our goal is to create an efficient, integrated ports and logistics ecosystem that will support India’s economic growth. This expansion will deliver long-term value to our stakeholders," said Rinkesh Roy, Joint MD and CEO of JSW Infrastructure. (CNBCTV)

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