+
JSW Infra eyes government ports privatisation
PORTS & SHIPPING

JSW Infra eyes government ports privatisation

The joint managing director of JSW Infrastructure, India's second biggest port operator by volumes, expressed the company's interest in exploring port privatisation opportunities initiated by the government. He also mentioned their consideration of the mega transhipment port project at Galathea bay in the Great Nicobar Island. Arun Maheshwari, who is also the CEO of the Sajjan Jindal-led JSW Group company, stated, "The government is creating significant opportunities in India. As the second largest port company in India with a strong balance sheet and the ability to grow in this sector, we will assess every major opportunity in the ports sector." He added, "We are looking into the Galathea project, but we are not completely certain about proceeding with it."

JSW Infrastructure, along with nine other companies including Dutch dredging contractor Royal Boskalis Westminster NV, Rail Vikas Nigam, Container Corporation of India, and Essar Ports, has submitted expressions of interest for the Galathea bay project. According to TK Ramachandran, the secretary of the ministry of shipping, the project's estimated worth is between Rs 650-850 billion. JSW Infrastructure currently operates nine state port concessions situated on the west and east coasts of India.

The joint managing director of JSW Infrastructure, India's second biggest port operator by volumes, expressed the company's interest in exploring port privatisation opportunities initiated by the government. He also mentioned their consideration of the mega transhipment port project at Galathea bay in the Great Nicobar Island. Arun Maheshwari, who is also the CEO of the Sajjan Jindal-led JSW Group company, stated, The government is creating significant opportunities in India. As the second largest port company in India with a strong balance sheet and the ability to grow in this sector, we will assess every major opportunity in the ports sector. He added, We are looking into the Galathea project, but we are not completely certain about proceeding with it. JSW Infrastructure, along with nine other companies including Dutch dredging contractor Royal Boskalis Westminster NV, Rail Vikas Nigam, Container Corporation of India, and Essar Ports, has submitted expressions of interest for the Galathea bay project. According to TK Ramachandran, the secretary of the ministry of shipping, the project's estimated worth is between Rs 650-850 billion. JSW Infrastructure currently operates nine state port concessions situated on the west and east coasts of India.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code