JSW Infra to develop 52 MT capacity greenfield port in Odisha

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JSW Infrastructure aims to construct a 52 million-tonne cargo-handling capacity port in Odisha, supporting JSW Steel.

JSW Infrastructure is planning to construct a greenfield port in Odisha with a 52 MT cargo capacity, primarily to support JSW Steel’s proposed 8 MT pellet plant in the state. The pellet plant is expected to be operational in about three years, coinciding with the port’s development. 

The capital for this venture will be sourced from internal accruals and debt. JSW Infrastructure’s IPO opens on September 25, aiming to raise Rs.2800 crore, with Rs.1200 crore allocated for capital expenditure, including Jaigarh Port and Mangalore Container Terminal expansion. 

Currently, the company’s cargo capacity exceeds 158 million tonnes. It operates two greenfield ports and several terminals obtained through government concessions.

The company plans to increase its port capacity primarily through additional concessions and is evaluating two port acquisitions. Over 80 percent of its cargo consists of coal and iron ore, with the company emphasising coal’s role in India’s energy growth for the next few decades.

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