The second largest port operator in India, JSW Infrastructure intents to put money over Rs.2,500 crore in the financial year 2025. By the year 2027, the JSW group expects a 50 percent financial upsurge in capacity to 258 million tonne with a considerable investment of Rs. 14000 crore.
Afterwards the company’s listing in October last year, the group publicized the signing of the enterprise agreement with Jawaharlal Nehru Port Authority for liuid berths of 4.5 mtpa - million tonne per annum.
Also the company will sign the concession agreement in this month for a 7 mtpa dry bulk terminal in Tuticorin via the private-public collaboration mode.
JSW Infrastructure has contracted a concession agreement of a 30 mtpa Greenfield port with Karnataka Maritime Board for the development at a Keni port, North Karnataka. Also the company is set to sign a settlement for Jatadhar port in Odisha.
Throughout its listing, JSW Infrastructure diluted its share up to 11 percent. According to the SEBI - Securities & Exchange Board of India, the freshly listed ventures have 3 years to attain a 25 percent soar. In addition to this, JSW Infrastructure aims to uplift additional funding through its projected follow-on public offer.
As the company claims a rigid balance sheet with reduced debt, the company will finance all the expenses & new capex via the internal accumulations.
By this, JSW Infrastructure fosters to double the growth of 10-12 percent over the upcoming years. In the fourth quarter of the financial year 2024, JSW reported a net profit of Rs. 329 crore, more than 9 percent year-on-year. The revenue of the company mounted 23 percent to Rs. 1,200 crore with a freight value of 29.3 MT.
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