JSW Infra Approves Rs 2,359 Cr Capex for Expansion
ECONOMY & POLICY

JSW Infra Approves Rs 2,359 Cr Capex for Expansion

JSW Infrastructure has approved a capital expenditure (capex) of Rs 2,359 crore for the expansion of its port facilities at Jaigarh and Dharamtar. This strategic move is aimed at boosting its cargo-handling capacity and strengthening its presence in India's port sector.

Key Highlights:

Expansion Plans: The approved capex will be used to enhance infrastructure at the Jaigarh and Dharamtar ports. The upgrades are expected to significantly increase the cargo-handling capacity, making these ports more competitive and capable of accommodating larger volumes of trade.

Jaigarh Port: Located on the western coast of India, Jaigarh Port is crucial for handling bulk and liquid cargo. The expansion will focus on modernizing facilities and adding berths to improve the port’s operational efficiency. This will also enable the port to handle more diversified cargo, increasing its strategic importance.

Dharamtar Port: Situated along the Amba River, Dharamtar Port serves as an important gateway for cargo in the Maharashtra region. The planned expansion aims to boost capacity and improve logistics, supporting regional industrial activity and trade.

Capacity Enhancement: The expansions at both ports are expected to raise JSW Infra’s total cargo-handling capacity. This will not only accommodate growing trade volumes but also support the company’s plans to diversify its operations, including handling more containerized cargo.

Strategic Growth: This expansion is part of JSW Infra's broader strategy to strengthen its foothold in India’s maritime sector. With the increasing demand for efficient port infrastructure, this investment is set to position JSW Infra as a key player in India's logistics and port operations.

Economic Impact: The project is expected to generate employment opportunities and stimulate economic growth in the surrounding regions. It will also contribute to India’s overall trade efficiency by reducing bottlenecks and improving port infrastructure.

JSW Infra's decision to invest Rs 2,359 crore in expanding Jaigarh and Dharamtar ports underlines the company's commitment to growing its presence in India's rapidly evolving port infrastructure sector.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

JSW Infrastructure has approved a capital expenditure (capex) of Rs 2,359 crore for the expansion of its port facilities at Jaigarh and Dharamtar. This strategic move is aimed at boosting its cargo-handling capacity and strengthening its presence in India's port sector. Key Highlights: Expansion Plans: The approved capex will be used to enhance infrastructure at the Jaigarh and Dharamtar ports. The upgrades are expected to significantly increase the cargo-handling capacity, making these ports more competitive and capable of accommodating larger volumes of trade. Jaigarh Port: Located on the western coast of India, Jaigarh Port is crucial for handling bulk and liquid cargo. The expansion will focus on modernizing facilities and adding berths to improve the port’s operational efficiency. This will also enable the port to handle more diversified cargo, increasing its strategic importance. Dharamtar Port: Situated along the Amba River, Dharamtar Port serves as an important gateway for cargo in the Maharashtra region. The planned expansion aims to boost capacity and improve logistics, supporting regional industrial activity and trade. Capacity Enhancement: The expansions at both ports are expected to raise JSW Infra’s total cargo-handling capacity. This will not only accommodate growing trade volumes but also support the company’s plans to diversify its operations, including handling more containerized cargo. Strategic Growth: This expansion is part of JSW Infra's broader strategy to strengthen its foothold in India’s maritime sector. With the increasing demand for efficient port infrastructure, this investment is set to position JSW Infra as a key player in India's logistics and port operations. Economic Impact: The project is expected to generate employment opportunities and stimulate economic growth in the surrounding regions. It will also contribute to India’s overall trade efficiency by reducing bottlenecks and improving port infrastructure. JSW Infra's decision to invest Rs 2,359 crore in expanding Jaigarh and Dharamtar ports underlines the company's commitment to growing its presence in India's rapidly evolving port infrastructure sector.

Next Story
Infrastructure Energy

UP NEDA invites bids for 320 MW solar projects on lease land

The Uttar Pradesh New and Renewable Energy Development Agency (UP NEDA) has announced an invitation for bids for the development of 320 megawatts (MW) of solar power projects on lease land. This initiative aims to bolster the state's renewable energy capacity and foster sustainable growth. The projects will be installed on land leased from the state government, with detailed requirements and eligibility criteria outlined in the bid documents.Interested parties are encouraged to review the terms and submit their proposals by the specified deadline. ..

Next Story
Infrastructure Urban

Government issues VGF guidelines for 1 GW offshore wind projects

The Indian government has released new guidelines for the implementation of a 1 gigawatt (GW) offshore wind energy initiative. These guidelines introduce a viability gap funding (VGF) mechanism designed to support the financial feasibility of large-scale offshore wind projects. The VGF scheme aims to attract private investment and encourage the development of offshore wind infrastructure, which is crucial for meeting India’s renewable energy targets. The guidelines outline the eligibility criteria, funding process, and project requirements to streamline the deployment of these projects. Key..

Next Story
Infrastructure Energy

HPL Electric & Power Wins Rs 1.44-billion Order; Shares Climb

Shares of HPL Electric & Power increased by up to 2.4 percent. This rise followed the company’s announcement of securing an order worth Rs 1.44 billion. According to an exchange filing, HPL Electric & Power disclosed that it had received Work Orders/Letter of Award amounting to Rs 1.43 billion from its regular leading customers. The order pertains to the supply of Smart Meters and Conventional Meters, which will be executed in accordance with the terms and conditions specified in the Letter of Award and work orders. HPL Electric & Power, a prominent manufacturer of electrical equipment, ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000