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Private port operator JSW Infrastructure Ltd plans to invest over Rs2,500 crore in fiscal year 2025. By 2027, the company anticipates a 50% increase in capacity to 258 million tonne with an investment of Rs14,000 crore.
After its listing in October last year, the company announced the signing of the concession agreement with Jawaharlal Nehru Port Authority for liquid berths of 4.5 million tonne per annum (mtpa).
It will also sign the concession agreement this month for a 7 mtpa dry bulk terminal in Tuticorin through a private-public partnership mode. The company has signed a concession agreement with Karnataka Maritime Board for the development of a 30 mtpa greenfield port at Keni and is set to sign an agreement for Jatadhar port in Odisha.
The company will fund all the payments and new capex through internal accruals as the company boasts a strong balance sheet with low debt.
During its listing, the company diluted 11% of its shares. As per the Securities and Exchange Board of India, newly listed firms have three years to achieve a 25% public float. The company plans to raise additional funds through its proposed follow-on public offer.
The company aims for a double-digit growth of 10-12% over the next couple of years. In Q4 of FY2024, JSW posted a net profit of Rs329 crore, up 9% year-on-year. Its revenue climbed 23% to Rs1,200 crore with a cargo volume of 29.3 MT.
