JSW Infra aims for 400 million tonnes per annum (mtpa) cargo handling capacity by FY30, a significant leap from its current 170 mtpa capacity. The company plans to invest Rs 30,000 crore between FY25 and FY30 to achieve this milestone, ensuring it remains a dominant player in India’s port infrastructure sector.
JSW Infra aims for 400 million tonnes: Expansive vision
JSW Infrastructure (JSW Infra) is working to more than double its cargo handling capacity. Its current capacity of 170 mtpa will increase to 288 mtpa by FY28 and reach 400 mtpa by FY30. This growth reflects a compound annual growth rate (CAGR) of 15%.
The company is upgrading its ports in Jaigarh and Dharamtar in Maharashtra and Goa to add 42.5 mtpa. Greenfield projects at Jatadhar in Odisha, Keni in Karnataka, and Murbe in Maharashtra will add another 93 mtpa. These developments will require investments exceeding Rs 11,000 crore.
JSW Infra aims for 400 million tonnes: Strengthening logistics
JSW Infra has made strategic investments to strengthen its logistics operations. It acquired a majority stake in Navkar Corporation for Rs 1,012 crore. The company also invested Rs 1,700 crore in a 30 mtpa slurry pipeline project in Odisha. These steps reflect its commitment to creating a robust logistics ecosystem.
The company’s customer base has grown more diverse. Third-party cargo operations accounted for 48% of its business in H1 FY25, a significant rise from 5% in FY19. This balanced approach increases operational stability and boosts profitability.
JSW Infra aims for 400 million tonnes: Financial foundation
JSW Infra’s expansion efforts rely on its strong financial position. It reported zero net debt as of September 30, 2024. Cash flow from operations increased to Rs 1,800 crore in FY24, strengthening the company’s capacity to fund growth.
CFO Lalit Singhvi highlighted the financial health, saying, “Our solid foundation enables us to drive capacity additions while pursuing value-accretive acquisitions.”
CEO Rinkesh Roy emphasized the company’s commitment to India’s growth. “We aim to create an integrated ports and logistics ecosystem aligned with India’s economic goals. By expanding capacity and diversifying our customer base, we will deliver long-term value to stakeholders,” he said.
JSW Infra’s plans to reach 400 mtpa by FY30 highlight its dedication to strengthening India’s port infrastructure. Its world-class logistics capabilities will support the nation’s economic growth.
