JSW Infra, the second-largest private port operator in India, is set to invest Rs 6,000-7,000 crore over the next 3-4 years to boost its annual cargo handling capacity by more than 40% to 250 million tonnes, according to its CEO. The majority of this investment will be directed towards two greenfield port projects in Karnataka and Odisha, along with the expansion of a recently acquired cargo terminal.
Construction for both greenfield projects is slated to commence this year. The Keni port project in Karnataka, with an estimated capital expenditure of ₹4,119 crore, is expected to start construction after obtaining the remaining approvals, taking approximately four years for completion.
A new venture in Jatadhar, Odisha involves the establishment of a greenfield port. This initiative aligns with JSW Steel’s intention to establish a steel plant in the region, having secured all necessary approvals. The concession agreement for the Jatadhar port is anticipated to be signed within the upcoming month or the next four weeks. Following the agreement, JSW Infra will initiate the construction of the port, projecting a completion timeline of 3-4 years. The envisioned capacity for the first phase is 30 million tonnes, with an associated capital expenditure of approximately ₹3,000 crore.