JSW Infrastructure aims to invest Rs 30,000 crores by FY30, with a focus on capacity expansion, diversifying its customer base, and enhancing its logistics capabilities while maintaining a strong financial position with zero net debt.
19 Dec 2024 | 1937 Views | By Autocar Professional Bureau
JSW Infrastructure (JSWIL), the second-largest private port operator in India and part of the JSW Group, has outlined its strategy for significant growth in the coming years. The company aims to increase its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30, supported by a capital expenditure (capex) ...
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JSW Infrastructure (JSWIL), the second-largest private port operator in India and part of the JSW Group, has outlined its strategy for significant growth in the coming years. The company aims to increase its cargo-handling capacity to 400 million tonnes per annum (MTPA) by FY30, supported by a capital expenditure (capex) plan of approximately Rs 30,000 crores for the period FY25-30.
As part of its expansion, JSWIL plans to focus on both brownfield and greenfield projects. The company will work on capacity enhancements at existing ports in Jaigarh, Dharamtar, and Goa, while also developing new ports at Jatadhar, Keni, and Murbe. In addition to these initiatives, JSWIL is integrating its logistics operations, with acquisitions such as Navkar Corporation and a slurry pipeline project to enhance its end-to-end logistics capabilities.
JSWIL has also made strides in diversifying its customer base. The share of third-party cargo has risen significantly, from 5% in FY19 to 48% in the first half of FY25. The company aims for an equal mix of cargo from JSW Group companies and third-party clients, which is expected to provide greater operational stability and profitability in the long term.
The company has also outlined a commitment to sustainability, with plans to reduce its direct greenhouse gas emissions and achieve net neutrality by 2050 as part of its efforts to combat climate change.
Rinkesh Roy, Joint MD & CEO of JSW Infrastructure, emphasised the company’s focus on building a strong and integrated ports and logistics ecosystem, in line with India’s infrastructure development goals. He expressed confidence that JSWIL’s growth initiatives would deliver long-term value to its stakeholders.
Lalit Singhvi, CFO & Whole Time Director of JSW Infrastructure, highlighted the company’s strong financial position, noting that it is well-placed to pursue its expansion plans without the need for external debt. He emphasized that JSWIL’s solid balance sheet would support its capacity additions and acquisitions in the coming years.