JSW Infrastructure Targets Rs 10,000 crore Capex in Five Years
SW Infrastructure, the port operating entity of JSW Group, aims to spend 10,000 crore in capital over five years and increase debt value of up to $400 billion through bond issuance.
Arun Maheshwari, CEO of JSW Infra, told the media in an interview that almost all of the capital expenditure will be made on greenfield port projects, which includes the Rs 3,800 planned facility in Nargol Gujarat, where he has shown a financial interest.
He said that bringing a port from scratch and preparing an investment plan for it is always on his wish list. Any scratch port will cost around Rs 5,000 crore to 7,000 crore.
The port will be established in the Valsad district of southern Gujarat.
JSW maintains and operates ports in Maharashtra, Karnataka, Goa, Odisha and Tamil Nadu. Over the next two months, Paradip will commission and put into operation the first fully commercial, non-captive 30 million tons coal export terminal in Odisha. The planned container terminal in Mangaluru will be operational from December 2021.
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