JSW Infra plans to spend Rs 7k cr on two greenfield port projects in Karnataka and Odisha

JSW Infra aims to spend ₹6,000-7,000 crore over 3-4 years to increase its annual cargo handling capacity by over 40 per cent to 250 million tonnes. The bulk of investment will be on two greenfield port projects in Karnataka and Odisha as well as the expansion of a cargo terminal the company recently took over. The primary focus of this investment will be on two greenfield port projects in Karnataka and Odisha, along with the expansion of a recently acquired cargo terminal. Construction for both greenfield projects is scheduled to commence within the current calendar year. JSW Infra secured the development rights for the Keni greenfield port in Karnataka last year, and the concession agreement with the Karnataka Maritime Board has already been signed. Additionally, JSW Infra is venturing into Jatadhar in Odisha for another greenfield port project. The company plans to start building the port after the concession agreement is signed, which is expected within the next month or four weeks. This project is projected to take 3-4 years with a planned capacity of 30 million tonnes in phase 1, incurring a capital expenditure of around Rs 30 billion.