JSW ports plan Rs.7,000 cr expansion

    JSW ports plan Rs.7,000 cr expansion
    JSW Infrastructure in a recent move has unveiled plans to expand its ports business by way of brown field expansions involving a whopping investment of Rs.7,000 crore, which is largely aimed at achieving cargo handling capacity of 200 million tons by 2020. The port facilities of JSW located at Mormugao Port Trust in Goa, Jaigarh, and Dharamtar in Maharashtra are mainly used to provide logistics support to the group’s cargo shipments. The captive facilities of JSW Infrastructure have a capacity to handle 68 mt. The expansion plan also focused on growing the third party cargo business such as containers, liquid and LNG — includes a new 18 mt capacity iron ore terminal and a 30 mt capacity coal terminal at Paradip Port Trust in Odisha. The coal terminal, designed to accommodate large capsized ships, which is being to build for exports as well as coastal movement of coal mined from Mahanadi Coalfields. JSW Infrastructure is also actively scouting for acquisitions in the private ports sector, a company official said.
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