JSW targets Rs.7,000-cr for port infra

In an attempt to make the most out of the emerging biz avenues in the country's port sector, JSW Group has set aside a whopping investment target of Rs. 7,000-cr more for the country's port sector in the next three years. In addition, it is also looking at diluting up 15% stake in the ports operating company, JSW Infrastructure, to a private equity player. As a matter of fact, it will be investing Rs. 9,000-cr more in the port sector till 2020 including the Rs. 2000-cr already invested at Jaigad. Of the remaining Rs. 5,000-cr of investments (excluding the Rs. 4,000-cr in Jaigad), the company is looking at putting up four berths in Paradip that will have a 50 mtpa capacity and a greenfield project in Fujairah in the UAE. The Rs. 4,000-crore Jaigad Port project has a capacity of 40 million tons per annum now, which will be doubled by 2020 and pushed further to 125 mtpa by 2025, said an official spokesperson.