JSW Infrastructure to Invest Rs 300 Billion to Boost Cargo Capacity

21 Dec 2024 CW Team

JSW Infrastructure, India's second-largest private port operator, announced a Rs 300 billion capital expenditure plan for FY25-30 to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30.

The expansion strategy will involve brownfield projects at existing ports in Jaigarh, Dharamtar, and Goa, as well as greenfield developments at Jatadhar, Keni, and Murbe. The company also plans to enhance its logistics capabilities through acquisitions, such as Navkar Corporation, and the development of a new slurry pipeline project.

JSW Infrastructure, a subsidiary of the JSW Group, has significantly diversified its customer base, with third-party cargo increasing from 5 per cent in FY19 to 48 per cent in the first half of FY25. The company aims to maintain an equal balance between group and third-party customers in the future.

Rinkesh Roy, Joint MD & CEO, emphasized the company’s commitment to building an integrated ports and logistics ecosystem that aligns with India’s economic growth goals. Lalit Singhvi, CFO, highlighted the company's strong financial position, reporting zero net debt as of September 30, 2024.

The port operator currently manages ten port concessions along India’s coastline and has an international presence through a liquid tank storage terminal in Fujairah, UAE. The company has also committed to achieving net carbon neutrality by 2050.

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