JSW to invest Rs. 4,000 cr to boost port, cement capacity

JSW Infrastructure Ltd. plans to almost double its ability to handle cargo at its ports to 62 million tonnes, with a target to further increase it to 200 million tonnes by 2025, Group CFO Seshagiri Rao has been quoted as saying.

JSW Group plans to invest INR 4,000 crores (US$610 million) to boost its port and cement capacity in the next two years, reports a business daily.

JSW Infrastructure Ltd. plans to almost double its ability to handle cargo at its ports to 62 million tonnes, with a target to further increase it to 200 million tonnes by 2025, Group CFO Seshagiri Rao has been quoted as saying.

“Ports appear to be a very, very attractive investment as ports and inland waters have not at all been leveraged in India,” Rao told the financial newspaper.

Cement capacity is estimated to rise to 17 million tonnes in the next 24 months from 6 million tonnes, he says.

He also says that JSW group will build its own cement plants instead of acquiring an existing business.