JSW Infrastructure Limited (JSWIL) has received a Letter of Award from the Syama Prasad Mookerjee Port Authority for a significant project at Netaji Subhas Dock, Kolkata. This involves the reconstruction of Berth 8 and the mechanisation of Berths 7 and 8, awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model. With an estimated capital expenditure of Rs 740 crore and a two-year construction timeline, JSWIL aims to enhance the port’s container handling capacity and operational efficiency. The company will also be able to commence operations during the construction phase, leveraging Kolkata City’s steady cargo volumes, aligning with JSW Infrastructure’s strategy to expand its terminal portfolio under the government’s port privatisation initiative.
This project, with a 30-year concession period, marks a crucial step in JSW Infrastructure’s strategy to diversify its cargo portfolio by investing in the container segment and strengthening its presence on India’s eastern coast. Currently, JSWIL operates the New Mangalore Container Terminal on the west coast, with an existing capacity of 0.2 million TEUs, which is being expanded to 0.35 million TEUs. The addition of the Kolkata project will bring JSWIL’s total container handling capacity close to 1 million TEUs, solidifying its position as an emerging player in India’s port container sector.
About the Company
JSW Infrastructure Limited, a leading player in India’s ports and logistics sector, is committed to providing sustainable and efficient port solutions. With a network of strategically located ports along the Indian coastline and an international terminal in the UAE, the company caters to a diverse range of cargo and vessel sizes. By focusing on operational excellence, strategic partnerships, and a strong commitment to sustainability, JSW Infrastructure is poised to further strengthen its position as a key player in the global maritime industry.
The stock’s 52-week high is Rs 358.45 per share and its 52-week low is Rs 218.10 per share. The company has a market cap of over Rs 65,000 crore with a PE of 42x, an ROE of 17 per cent and an ROCE of 15 per cent. The company has delivered good profit growth of 53 per cent CAGR over the last 5 years. The stock is up by 43.4 per cent from its 52-week low of Rs 218.10 per share.