JSW Infrastructure has placed bids worth Rs 2,000 crore to acquire three ports under the government’s privatisation initiative. These ports would add another 10-12 percent to the company’s capacity.
The ports business of JSW Group may consider such opportunities such as Haldia, Paradip, Visakhapatnam, Thoothukudi (formerly Tuticorin), Goa, Kandla and JNPT, as and when they come up. So far, 12 major ports owned by the Union government, have witnessed 32 such partnerships.
The company reached a total cargo handling capacity of 158.4 million tonne across nine ports and terminals in eastern and western coasts, as of FY23-end.
Additionally, JSW Infrastructure expects to raise Rs 1,260 crore from anchor investors on 22 September. Further, the company plans to invest in an LPG terminal project (Rs 865.75 crore) and an electric sub-station (Rs 59.4 crore), and would chanelise Rs 151.04 crore towards expansion activities at Mangalore Container Terminal and its greenfield expansion plans, from its initial public offering (IPO) proceeds.
