Post IPO, we are virtually debt free; used some proceeds to fund growth prospects: Arun Maheshwari

economictimes.indiatimes.com:

Arun Maheshwari, Joint MD and CEO, JSW Infra, says: “Post this IPO, we are already virtually debt free because the cash from the IPO is taking care of it. Going forward, we will maintain a debt to EBITDA ratio of 2.5, net debt to EBITDA, which is still very healthy from an infrastructure point of view. We have a good enough cash flow coming in and the kind of projects we are looking at. A 2.5 net debt to EBITDA is a fair assumption in the coming years.”


It was a good listing for JSW Infra and the stock saw follow-up buying after the listing. Could you spell out what kind of growth plans you are having within the company if one were to look at the next 2-3 -year road map?
We have already laid down some of the proceeds of the IPO for growth prospects like LPG terminal or the container terminal modernization and upgradation in Mangalore. On top of it, as I said earlier, the government is coming up with a lot of bidding for the projects and we will continue to look at the opportunity. We have been bidding it and we will continue to look at this. On top of it, there are a couple of greenfield ports which we are looking at and going forward and probably in a couple of months time, we will know what exactly we are getting into, what are the biddings we are successfully getting over.

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What kind of revenue potential is expected from the new acquisitions and what is the pipeline looking like overall for the greenfield projects as well?
The revenue will be the clear result of the