JSW Infrastructure, the ports business of Sajjan Jindal-led JSW Group, has allocated an investment of Rs 30,000 crore as capex till 2030, for increasing port-handling capacities, and expansion plans.

The firm intends to achieve port-handling capacities to 400 MTPA by 2030 and raise capacity utilisation to 80 percent in next three years, apart from exploring inorganic opportunities. The capacity additions would be in two phases of three years each, with the short-term target of 260 MTPA in next three years, and then taking it to 400 MTPA in the next phase, which includes the total estimated capex of Rs 30,000 crore. This would be largely met through internal accruals.

JSW Infra’s capital expenditure for FY25, including the sustainable capex, would be about Rs 2,500 crore and the firm is likely to revise it as per the need.

Also, the company has emerged as the winner for Rs 7,056-crore outer harbour project by VO Chidambaranar Port in Tuticorin, whereas a concession agreement for JNPA has already been signed. 

JSW Infra had raised Rs 2,800 crore through an initial public offering (IPO) in September last year, offloading 11 percent stake, and will divest another 14 percent stake through an FPO to meet regulatory requirements.