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JSW Infrastructure, the second-largest private port operator in India, has unveiled a ?30,000 crore capital expenditure plan for FY25-30, aimed at expanding its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30.
The ambitious expansion includes both brownfield projects at existing ports in Jaigarh, Dharamtar, and Goa, as well as greenfield developments at Jatadhar, Keni, and Murbe. The company is also focusing on strengthening its logistics network through acquisitions, including Navkar Corporation, and a new slurry pipeline project.
JSW Infrastructure has seen significant diversification in its customer base, with third-party cargo increasing from 5% in FY19 to 48% in the first half of FY25. Moving forward, the company aims to maintain a balanced mix between group and third-party customers.
Rinkesh Roy, Joint MD & CEO, emphasized the companys commitment to creating an integrated ports and logistics ecosystem in alignment with Indias broader economic goals. CFO Lalit Singhvi noted the companys strong financial standing, highlighting zero net debt as of September 30, 2024.
The company currently manages ten port concessions across Indias coastline and has an international presence through a liquid tank storage terminal in Fujairah, UAE. JSW Infrastructure has also set a target to achieve net carbon neutrality by 2050. |
