JSW Infrastructure Ltd., the newly listed arm of the Sajjan Jindal-led JSW Group, approved a Rs 2,359 crore capex on 9th September for expanding capacity at Jaigarh and Dharamtar Ports.

As part of its growth plans for FY 2030, which involve increasing capacity to 400 MTPA from a capacity of 170 MTPA, the Board of JSW Infrastructure has approved a 36 MTPA expansion plan, 21 MTPA from Dharamtar and 15 MTPA from Jaigarh.

The capital expenditure (capex) plan of Rs. 2,359 crore encompasses mechanical, civil, and electrical work for new berths as well as infrastructure like railway siding at Jaigarh Port to augment movement of third-party goods through the port.

This expansion will increase Jaigarh Port’s capacity from 55 MTPA to 70 MTPA and Dharamtar Port’s capacity from 34 MTPA to 55 MTPA.

The expansion is aimed at handling increased cargo volumes for the anchor customer, driven by a proposed 5 MTPA steel-making facility in Dolvi, Maharashtra.

The project is expected to add around 27 MTPA to the cargo handling capacity at both ports. Construction is projected to be completed by March 2027, according to JSW Group.

The company’s market capitalisation stands at Rs 65,457 crore.

At 3:30 PM, the shares of JSW Infra closed 1.86% higher at Rs 312.70 on NSE.

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