JSW Infra Approves ₹2,359 Cr Capex for Jaigarh, Dharamtar Port Expansion

10 Sep 2024 , 10:47 AM

JSW Infrastructure Ltd., a newly listed entity of the JSW Group, approved a capital expenditure (capex) of ₹2,359 Crore on Monday, September 9, for expanding capacity at Jaigarh and Dharamtar Ports.

This expansion is part of the company’s long-term growth plan for FY 2030, aiming to increase its overall capacity to 400 Million Tonnes Per Annum (MTPA), up from the current 170 MTPA.

The approved capacity expansion includes 21 MTPA at Dharamtar Port and 15 MTPA at Jaigarh Port, bringing the total additional capacity to 36 MTPA.

The capex plan involves mechanical, civil, and electrical work, including building new berths and adding infrastructure like a railway siding at Jaigarh Port to boost third-party cargo handling.

Once completed, the capacity of Jaigarh Port will increase from 55 MTPA to 70 MTPA, while Dharamtar Port’s capacity will rise from 34 MTPA to 55 MTPA.

This expansion is designed to handle the increased cargo volume from the anchor customer, driven by a proposed 5 MTPA steel-making facility at Dolvi, Maharashtra. The expansion is expected to add about 27 MTPA of cargo handling volume, with construction anticipated to be completed by March 2027.

JSW Infrastructure’s shares rose by 2.10%, trading at ₹318.25 per share on the NSE. JSW Infrastructure stocks has witnessed a 102% increase this year. JSW Infrastructure stocks has witnessed a 51% surge since the beginning of the year.