JSW Infra to build greenfield port in Odisha

JSW Infrastructure has planned to build a greenfield port in Odisha, with a cargo handling capacity of 52 million tonnes per annum to primarily cater to the requirements of group company JSW Steel’s upcoming 8 million tonnes pellet plant in the state. The pellet plant will be commissioned in the next couple of years. The funding for the project would be sourced through internal accruals and debt. The company currently generates about Rs. 1300-1400 crore every year. In fact, this is going to be the third company to be listed after flagship JSW Steel and JSW Energy. It is raising Rs. 2800 crore of which Rs.1200 crore is earmarked for capex. This includes expansion of Jaigarh Port and Mangalore Container Terminal. Its current cargo handling capacity is just over 158 million tonnes. The company’s port portfolio consists of 7 terminals and two ports, as it operates two greenfield ports - Jaigarh and Dharamtar, while the remaining are terminals that it has taken on concessions from the government, which is privatising ports and terminals across the country.