JSW Infrastructure Sets Sail With Rs 7,000 Crore Port Investment

 JSW Infrastructure, the second-largest private port operator in India, has announced plans to invest between Rs 6,000-7,000 crore in the next 3-4 years. The investment aims to boost the company's annual cargo handling capacity by over 40%, reaching a total of 250 million tonnes. The primary focus of this investment will be directed towards two greenfield port projects in Karnataka and Odisha. Additionally, funds will be allocated for the expansion of a recently acquired cargo terminal.

 The construction for both greenfield projects is scheduled to commence within the current year, with one located in Keni, Karnataka, and the other in Jatadhar, Odisha. These strategic projects are geared towards augmenting JSW Infrastructure's capabilities to effectively address the rising demand for cargo handling services in the region.

News by Rahul Yelligetti