On September 9, 2024, JSW Infrastructure Limited, a key player in India's private port sector, announced a substantial capital expenditure of ₹2,359 Crore aimed at enhancing the capacities of its Jaigarh and Dharamtar Ports. This strategic investment aligns with the company's ambitious FY2030 growth plan to expand its overall capacity to 400 Million Tonnes Per Annum (MTPA) from the current 170 MTPA.

Details of the Expansion

The capacity expansion will see Jaigarh Port's capacity rise from 55 MTPA to 70 MTPA and Dharamtar Port's capacity increase from 34 MTPA to 55 MTPA. The plan includes significant investments in mechanical, civil, and electrical infrastructure, including the development of new berths and additional facilities such as a railway siding for Jaigarh Port to facilitate third-party cargo movement.

The expansion is driven by the anticipated increase in cargo volume, particularly from JSW Steel's proposed 5 MTPA steel-making facility at Dolvi, Maharashtra. This development is expected to handle an additional 27 MTPA of cargo annually.

Investment Breakdown

The expansion projects will be funded through a combination of debt and equity. Specifically, the investment details for the subsidiaries are as follows:

JSW Jaigarh Port Limited: Investment of ₹1,305 Crore to add 15 MTPA capacity.

JSW Dharamtar Port Private Limited: Investment of ₹929 Crore to add 21 MTPA capacity.

The total cash outflow for the Bhoke Railway Siding Project, part of the Jaigarh Port expansion, is estimated at approximately ₹125 Crore. This addition is expected to improve rail access for Jaigarh Port's cargo.

Completion Timeline

The construction work for the capacity expansion at both ports is expected to be completed by March 2027. This timeline reflects the company's commitment to scaling its operations efficiently and effectively.

Company Overview

JSW Infrastructure Limited is part of the JSW Group and is recognized as India's second-largest private commercial port operator. The company operates ten port concessions along India's coasts and a liquid tank storage terminal in Fujairah, UAE. The firm is dedicated to enhancing its cargo-handling capacity and market position through strategic investments and expansion projects.

Forward-Looking Statements

This release contains forward-looking statements related to the company’s future growth and expansion plans. These statements involve risks and uncertainties, including economic conditions and competition, which could impact actual results. JSW Infrastructure does not undertake to update these statements.

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