The shares of the Mid-Cap company specializing in developing and operating ports and port terminals, including related maritime services like cargo handling, storage, and logistics, are in focus upon signing a binding MoU with Konkan Railway Corporation Limited.
With a market capitalisation of Rs. 62,695.55 crores on Friday, the shares of JSW Infrastructure Ltd jumped upto 0.9 percent, making a high of Rs. 302.05 per share compared to its previous closing price of Rs. 299.15 per share.
JSW Infrastructure Ltd has announced that its subsidiary, JSW Jaigarh Port Limited, has signed a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL) for the Bhoke Railway Siding Project in Ratnagiri, Maharashtra.
As part of this agreement, Jaigarh Port will provide a refundable and non-lapsable security deposit to support the construction and development of the railway siding. Once completed, this project will connect Jaigarh Port to the Konkan Railway, allowing the port to handle a wider range of cargo, including containers, bulk, and liquid goods.
This enhanced connectivity is expected to significantly strengthen the Port’s capability to handle third-party cargo from the hinterland and will lay the foundation for future capacity expansion.
Financials & Others
The company’s revenue rose by 14.3 percent from Rs. 1,200.3 crore to Rs. 1,371.9 crore in Q4FY24-25. Meanwhile, Net profit increased from Rs. 330.01 crores to Rs. 509.37 crores during the same period.
JSW Infrastructure is India’s second-largest private port operator, with a cargo handling capacity of 177 million tonnes per annum (mtpa). Its ports and terminals are strategically located on both the west and east coasts of India. The company was listed on the stock exchanges in October 2023.
The company’s Port segment is expected to grow significantly over the next few years, from 177 million tonnes per annum (mtpa) in FY25 to 292 mtpa by FY28E, and further to 400 mtpa by FY30E. This projected expansion highlights the company’s aggressive growth plans and its aim to strengthen its position as a leading port operator in India.
Furthermore, by 2030, JSW Infrastructure aims to expand its logistics business by setting up new inland container depots (ICDs) at various JSW Group locations and building supporting railway and storage infrastructure. The company will also participate in Gati Shakti Multi-Modal Cargo Terminal (GCT) projects, using an asset-light approach since the land is provided by Indian Railways.
Growth will be further driven by acquiring other logistics businesses, like container freight stations (CFS) and ICDs, and by forming partnerships with operators and third-party customers. JSW Infrastructure targets Rs. 8,000 crore in revenue, Rs. 2,000 crore in EBITDA, and plans to invest Rs. 9,000 crore in capital expenditure between FY25 and FY30.
Written by Sridhar J
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