Business Update9 Sept 2024, 07:51 pm
JSW Infrastructure Approves Capex of ₹2,359 Crore for Capacity Expansion
AI Summary
JSW Infrastructure Ltd, a part of the JSW Group and India’s second-largest private commercial port operator, approved a capex of ₹2,359 Crore for the capacity expansion at its Jaigarh and Dharamtar Port. The expansion aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making facility at Dolvi, Maharashtra. The expansion will increase the overall capacity of Jaigarh Port to 70 MTPA and Dharamtar Port to 55 MTPA. The construction is expected to be completed by March 2027.
Key Highlights
- Capex of ₹2,359 Crore approved for capacity expansion at Jaigarh and Dharamtar Port
- Expansion aims to cater to the increased cargo volume of the anchor customer
- Jaigarh Port's capacity to increase to 70 MTPA and Dharamtar Port's to 55 MTPA
- Expansion expected to generate an additional cargo handling volume of approximately 27 MTPA
- Construction anticipated to be completed by March 2027