JSW Infrastructure shares in focus after bagging Rs 740 crore port project in Kolkata
ADVERTISEMENT The project involves the reconstruction of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata. It is aimed at enhancing the port's container handling capacity.
The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession period.
It aligns with JSW Infrastructure's broader strategy of expanding its terminal portfolio under the government's port privatization initiative. The company noted that it will be able to commence operations during the construction phase as well, supported by Kolkata's steady cargo volumes.The estimated construction timeline is two years, and once completed, the project is expected to significantly boost both capacity and operational efficiency at the port.'The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts,' JSW Infrastructure said in a press release.
ADVERTISEMENT 'On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs, which is being expanded to 0.35 million TEUs. The Kolkata project brings the company's total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India's port container sector,' it added.The company confirmed that the Concession Agreement for the project will be executed within 30 days from the date of issuance of the Letter of Award (LOA).
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JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday.
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