JSW Infrastructure plans ₹2,500 crore capex for FY25

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₹2,500 crore in fiscal year 2025 to expand its cargo handling capacity, said Arun Maheshwari, joint MD and CEO of the company told Mint. By 2027, the company anticipates a 50% increase in capacity to 258 million tonne with an investment of ₹14,000 crore, said Maheshwari. “With more approvals underway, once these are finalized, our investments for the current fiscal year will stand at more than ₹2,500 crore," he said.

“We will continue growing the third party customers and down the line, six years would like to see their share in the total volumes at 50%." After its listing in October last year, the company announced the signing of the concession agreement with Jawaharlal Nehru Port Authority for liquid berths of 4.5 million tonne per annum (mtpa). It will also sign the concession agreement this month for a 7 mtpa dry bulk terminal in Tuticorin through a private-public partnership mode. The company has signed a concession agreement with Karnataka Maritime Board for the development of a 30 mtpa greenfield port at Keni and is set to sign an agreement for Jatadhar port in Odisha.

“This is an investment of about ₹4,000 crore, which will start taking shape from next year onwards and so, our total capex is to reach around ₹14,000 crore in the next four to five years," he added. JSW Infra aims to reach 400 mtpa by 2030. The company, Maheshwari said will fund all these payments and new capex through internal accruals as the company boasts a strong balance sheet with low debt.

During its listing, the company diluted 11% of its shares. As per the Securities and Exchange Board of India, newly listed firms have three years to achieve a 25% public float. The company plans to raise additional funds through its proposed follow-on public