JSW Infrastructure, India’s second-largest private port operator, announced today a massive ₹30,000 crore capital expenditure plan for FY25-30 to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30.
The expansion strategy includes 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 strengthen its logistics capabilities through acquisitions like Navkar Corporation and a new slurry pipeline project.
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The JSW Group subsidiary 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 going forward.
Joint MD & CEO Rinkesh Roy emphasized the company’s commitment to developing an integrated ports and logistics ecosystem aligned with India’s economic growth goals. CFO Lalit Singhvi highlighted the company’s strong financial position, noting zero net debt as of September 30, 2024.
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The port operator currently manages ten port concessions along India’s coastline and maintains an international presence through a liquid tank storage terminal in Fujairah, UAE. The company has also committed to achieving net carbon neutrality by 2050.