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JSW Infra plans INR 8,800 crore investment in next 3 years

Infra News - Published on Thu, 03 May 2018

Image Source: jsw.in
Live Mint reported that JSW Infrastructure, the privately held ports arm of Sajjan Jindal’s JSW group, plans to invest INR 8,800 crore over the next three years to expand cargo handling capacity from the current 75 million tonnes per annum (mtpa) to 200mtpa by 2020. The expansion plan is in line with the company’s ambition to shift from handling only sister concern JSW Steel’s cargo to accepting third-party cargo as well.

Mr BVJK Sharma, joint managing director and chief executive of JSW Infrastructure said in an interview that half of this investment would be funded through loans and the remaining through internal accruals.

The company’s largest port by capacity at Jaigarh in Maharashtra’s Ratnagiri district will take the bulk of this investment as its capacity will be increased from 40mtpa at present to 80mtpa over the next three years. By the end of March 2018, the port had handled 14mtpa of cargo this year. Mr Sharma said that “JSW Steel’s Dolvi plant expansion was deferred by two years but at the port, we had already invested to be ready to handle the additional cargo from the plant. Once Dolvi’s new capacity comes on stream in March 2020, we’ll see higher utilization here explaining the reason for the port’s low capacity utilization at 35%.”

He added that “We’ve already spent INR 2,700 crore on building road connectivity, coastal berths, rail connections for the Jaigarh port. The planned capex for the port will be INR 4,600 crore by 2020.”

Capacity at the Dharamtar port will be increased from 15 million tonne per annum to 40 million tonne per annum, at Goa from 10 million tonne per annum to 15 million tonne per annum; the Paradip iron ore berth will be enhanced to handle 18 million tonne per annum and the coal berth will hit 32 million tonne per annum, while the port facilities in Tamil Nadu will increase to 15 million tonne per annum.

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Posted By : Nanda Koijam on Thu, 03 May 2018
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