India's cargo handling capacity is set for a major boost as JSW Infrastructure plans to invest more than Rs 2,100 crore to develop a 52 million tonnes per annum (MTPA) captive jetty in Odisha.
The project is expected to strengthen port infrastructure, improve cargo handling efficiency, and support the raw material and finished steel movement for JSW Steel's upcoming integrated steel plant near Paradip.
The investment also reflects the company's focus on expanding its port business while reducing logistics costs for its steel operations.
The captive jetty will be developed at the Jatadhari river mouth in Odisha through JSW Jatadhar Marine Services, a wholly owned subsidiary of JSW Infrastructure. The project was transferred from JSW Utkal Steel after the Odisha government approved a novation agreement between the two entities.
The proposed captive jetty will have an annual capacity of 52 MTPA and will primarily serve the needs of JSW Steel's upcoming 13.2 MTPA integrated steel plant located near Paradip.
The facility will be used for:
The project will be developed under the BOOST (Build, Own, Operate, Share and Transfer) model, allowing JSW Infrastructure to own and operate the jetty while sharing revenue with the Odisha government before eventually transferring the asset.
Rinkesh Roy, Joint Managing Director and Chief Executive Officer (CEO) of JSW Infrastructure, said the overwhelming investor response reflected confidence in India's long-term infrastructure growth story and the company's expansion strategy.
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The captive jetty forms part of the broader investment plans of the JSW Group in Odisha. Along with the Paradip steel project, the group is also developing steel facilities in Keonjhar and Dhenkanal, further expanding its manufacturing footprint in the state.
The jetty is expected to play a key role in supporting these projects by ensuring a steady flow of raw materials and finished products. Better port connectivity is also likely to improve operational efficiency and reduce dependence on third-party logistics.
The transfer of the project to JSW Jatadhar Marine Services enables JSW Infrastructure to directly develop and operate the facility, aligning it with the company's strategy of integrating port operations with industrial assets.
The Odisha project comes as JSW Infrastructure continues to expand its port network across India. Earlier, the company raised Rs 7,503 crore through a Qualified Institutional Placement (QIP) to fund growth opportunities.
With the addition of the new captive jetty, the company aims to move closer to its long-term goal of achieving 400 MTPA cargo capacity by FY30. The project is also expected to enhance the company's presence on India's eastern coast, where demand for port infrastructure continues to grow alongside industrial development.
JSW Infrastructure is one of India's leading private port operators and is part of the JSW Group. The company develops and operates ports, terminals, and logistics infrastructure across the country, serving sectors including steel, energy, and manufacturing while steadily expanding its cargo handling capacity.
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