JSW Infrastructure, India’s second-largest private port operator, has outlined an ambitious capital expenditure plan of Rs 30,000 crore to increase its cargo-handling capacity to 400 MTPA by FY30.
The port operator has planned brownfield projects at three locations and aims to initiate greenfield developments at three additional sites to establish new ports. To strengthen its end-to-end logistical capabilities, the company is leveraging its recent acquisition of Navkar Corporation, among other initiatives.
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While the company continues to benefit from its association with JSW Group companies, it has made significant progress in diversifying its customer base, it said, adding the share of third-party cargo increased from 5% in FY19 to 48% in 1HFY25. The company aims for an equal mix of group and third-party customers, enhancing operational stability and profitability, the company said.
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Rinkesh Roy, Joint MD & CEO, JSW Infrastructure, said: “We are committed to developing a robust, efficient and integrated ports and logistics ecosystem that aligns with India’s economic growth and infrastructure development goals. By prioritising capacity expansion and diversifying our customer and product profiles, I am confident we will deliver substantial long-term value to our stakeholders.
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In a bid to combat global warming and climate change, JSW Infrastructure has committed to reducing its direct GHG emissions and achieving net neutrality by 2050. “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,” said Lalit Singhvi, CFO & whole- time director, JSW Infrastructure.
The company’s stock lost 1.43% to end at Rs 313.70 on Thursday.
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