Shares of JSW Infrastructure rose 2% in early trade after the company secured a major port redevelopment project in Kolkata. The company received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Authority to upgrade container facilities at Netaji Subhash Dock.
The ₹740 crore project involves the reconstruction of Berth No. 8 and mechanization of Berths 7 and 8 under the Design, Build, Finance, Operate, and Transfer (DBFOT) model. It will be executed through a public-private partnership (PPP) over a 30-year concession period. Construction is expected to be completed within two years, though JSW may start operations during this phase to tap into Kolkata’s steady cargo flow.
This move is in line with the Indian government’s push to privatize and modernize ports. Once completed, the upgrade is expected to boost the port’s container-handling capacity and improve overall efficiency.
The project also marks a significant step in JSW Infrastructure’s strategy to expand in the container segment. With this addition, the company’s total container-handling capacity will approach 1 million TEUs, strengthening its footprint on both India’s eastern and western coasts. On the west, JSW is also expanding its New Mangalore Container Terminal from 0.2 million TEUs to 0.35 million TEUs.
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