JSW Infrastructure – Ambitious Expansion Plans
Massive Capex Plan
JSW Infrastructure, the second largest private port operator in India, has announced a huge investment plan of Rs 30,000 crore. Their goal is to increase their cargo-handling capacity to 400 MTPA by the year 2030.
Expansion Projects
The port operator is working on projects at three existing locations and planning to build new ports at three other locations. They recently acquired Navkar Corporation to improve their logistical capabilities.
Company Goals
Rinkesh Roy, the Joint MD & CEO, wants to create a ports and logistics system that supports India’s growth and infrastructure objectives. The government aims to increase the country’s port capacity from 2,600 MTPA to 10,000 MTPA by 2047.
Financial Progress
JSW Infrastructure has been successful in attracting more third-party customers, with their share of non-group cargo increasing from 5% to 48%. They have spent Rs 400 crore on capex in the first half of the fiscal year and plan to maintain a balance between group and third-party customers in the long term.
Recent Acquisitions
Earlier this year, JSW Infrastructure acquired a majority stake in Navkar Corporation to expand their logistics network. They also secured a contract to build a terminal in Chennai.
Stock Performance
JSW Infrastructure’s stock has risen by 49% year-to-date. The company is debt-free and has a market capitalization of Rs 66,000 crore. JM Financial has recommended buying the stock with a target price of Rs 390 per share by 2026. Overall, JSW Infrastructure is on a path of growth and development, with ambitious plans to expand their operations and improve their services in the coming years.
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