JSW Infrastructure plans ₹15,000 crore capex over three years

MUMBAI : JSW Infrastructure, the Ports and Logistics player to invest ₹15,000 crore over the next three years, primarily in port development, and an additional ₹9,000 crore over five years in logistics.

Out of the logistics budget, ₹1,000 crore has already been used for acquiring Navkar Corporation.

Lalit Singhvi, Whole-time Director and CFO of JSW Infrastructure, said the greenfield ports are progressing as planned. New ports, including Jatadhar, Keni, and Murbe are expected to be developed within two to three years.

There are also brownfield projects underway at Jaigarh and Dharamtar, with operations expected to begin within the next 18 months. The Goa terminal is nearing completion and is expected to be fully operational by the end of March.

In the next financial year, the company expects to handle additional cargo. The Tuticorin and JNPT terminals, which are operated under a PPP model, have received interim permissions to begin operations. This will contribute to increased cargo volume at both terminals during the 2025-26.

The company plans to increase its cargo-handling capacity to 400 million tonne per annum (MTPA) by FY30. By 2028, the capacity is expected to reach 292 million tonne, up from the current 174 million tonnes.

In October-December 2024 quarter (Q3FY25), the company reported a revenue of ₹1,181 crore, margins came in at 36.2% and net profit at ₹329 crore.

JSW Infrastructure has indicated that it is not in immediate need of funds, with ₹4,000-4,500 crore in cash reserves. However, it may consider a Qualified Institutional Placement (QIP) in the future, in accordance with regulatory requirements, which could occur as late as October 2026.