JSW Infra plans ₹30,000 cr push to double capacity to 400 MTPA by FY30

In a move to enhance its cargo-handling capacity, JSW Infrastructure (JSWIL) plans to expand it to 400 million tonnes per annum (MTPA) by FY30, earmarking an estimated ₹30,000 crore for capex between FY25 and FY30, the company said today. Currently, the company handles 170 MTPA and intends to expand to 288 MTPA by FY28, reaching 400 MTPA by FY30.

The company reported a sharp rise in its share of third-party cargo share, from 5% in FY19 to 48% in H1FY25. “The company aims for an equal mix of group and third-party customers, enhancing operational stability and profitability.”

JSW's primary initiatives include:

- Brownfield projects: Capacity enhancements at Jaigarh, Dharamtar, and Goa. 

- Greenfield developments: New ports at Jatadhar, Keni, and Murbe.

- Logistics integration: Acquisitions like Navkar Corporation and a slurry pipeline project to bolster its end-to-end logistics solutions.

JSW Infra says it has also pledged to cut down on its greenhouse gas emissions and achieve net-zero status by 2050.

“By prioritising capacity expansion and diversifying our customer and product profiles, I am confident we will deliver substantial long-term value to our stakeholders,” says Rinkesh Roy, joint MD & CEO, JSW Infrastructure.

Yesterday, JSW Infra announced that its wholly-owned subsidiary, JSW Tuticorin Multipurpose Terminal Pvt. Ltd., has bagged a ₹500 crore term loan to fund the development and the mechanisation of North Cargo-III (NCB-III) at V. O. Chidambaranar Port in Tuticorin. The loan facility, jointly provided by ICICI Bank and Canara Bank, will fund the dry bulk cargo terminal being developed on a design, build, finance, operate and transfer (DBFOT) model, with a capacity of 6.96 MTPA.

JSW Infra reported a net profit of ₹371 crore for the quarter ending September 2024, compared to ₹254 crore in the same quarter last year. Revenue from operations rose 18% to ₹1,001 crore, up from ₹848 crore in Q2 of the previous fiscal year. At the operating level, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) surged to ₹675.7 crore in Q2, up from ₹456.7 crore in the same period last year, marking a 48% increase.

In Q2, JSW Infra handled 27.5 million tonnes (MT) of cargo, marking a 16% increase compared to the same period last year. The rise in volume was driven by higher capacity utilisation at the coal terminals in Mangalore, Paradip and Ennore, along with contributions from recent acquisitions, including PNP and the liquid storage terminal in the UAE.