The company plans capacity enhancements at its three brownfield projects and establishment of three new ports in Odisha, Karnataka and Maharashtra. Besides, it aims to achieve net neutrality by 2050.
Dec 26, 2024
JSW Infrastructure Limited (JSWIL), India’s leading private port operator and part of the JSW Group, is set to reshape the nation’s ports and logistics sector with its bold growth strategy. The company has announced an estimated capex of INR 30,000 crore for FY25-30 to achieve 400 million TPA cargo-handling capacity.
The company plans capacity enhancements at its three brownfield projects, to add a cargo handling capacity of 42.5 million TPA. These include two ports in Maharashtra – JSW Jaigarh Port Limited & JSW Dharamtar Port, and one in Goa – South West Port Limited.
A part of the capex will be spent in greenfield developments, which includes building three new ports in Odisha, Karnataka and Maharashtra. This will increase the company’s cargo handling capacity by 93 million TPA.
JSW Infrastructure will invest INR 4259 crore for the development, operation, management and maintenance of an all-weather, multipurpose port in Murbe village of Palghar district in Maharashtra.
The company will further infuse INR 4,119 crore to develop an all-weather, deep-water, greenfield port at Keni village in Uttara Kannada district of Karnataka on a public-private partnership basis. In addition, it will establish Jatadhar Port on the Jatadhari Muhan river in Odisha as a regional cargo hub, entailing an investment of INR 3,000 crore.
In order to bolster its end-to-end logistics solutions, the company will infuse INR 1,644.03 crore in recently-acquired logistics firm Navkar Corporation and INR 1700 crore in an under-construction slurry pipeline project for transportation of iron ore from Nuagaon mines to Jagatsinghpur in Odisha.
In an effort to combat global warming and climate change, JSW Infrastructure Limited has also committed to curtail its direct GHG emissions and achieve net neutrality by 2050.
Commenting on the company’s vision, Mr. Rinkesh Roy, Joint MD & CEO, JSW Infrastructure said, “We are committed to developing a robust, efficient and integrated ports & logistics ecosystem that aligns with India’s economic growth and infrastructure development goals. By prioritizing capacity expansion and diversifying our customer & product profiles, I am confident we will deliver substantial long-term value to our stakeholders.”
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Mr. Lalit Singhvi, CFO & Whole Time Director, JSW Infrastructure said, “I am excited to share that JSWIL’s robust financial foundation, with a solid balance sheet and zero net debt, fuels our ambitious expansion plans. We are strategically positioned to drive capacity additions and pursue value-accretive acquisitions, all while maintaining solid financial matrices.”
