JSW Infrastructure eyes growth with V.O. Chidambaranar Port agreement

JSW Infrastructure, part of the Sajjan Jindal-led JSW Group, has entered into a concession agreement with the V.O. Chidambaranar Port Authority in Tamil Nadu for the mechanisation of the north cargo berth-III (NCB-III) to handle dry bulk cargo. The agreement, signed on July 2, outlines the project’s development on a design, build, finance, operate, and transfer (DBFOT) basis.

In February, JSW Infrastructure secured the contract from the V.O. Chidambaranar Port Authority. The project involves developing and mechanising a new 7 million tonnes per annum (MPTA) cargo berth III at the port. This initiative aims to leverage JSW Infrastructure’s operational capabilities to handle bulk products, thereby increasing its cargo share on the east coast of India.

According to a filing with the Bombay Stock Exchange (BSE), JSW Infrastructure highlighted the strategic advantages of the asset, including access to a rich hinterland with a diverse cargo profile. This includes dry bulk commodities such as coal, limestone, gypsum, rock phosphate, and copper concentrate.

This project is part of JSW Infrastructure’s broader growth strategy. The company is focused on enhancing its cargo-handling capacity, with an ambitious target of reaching 300 MTPA by 2030 or earlier. The development of NCB-III at V.O. Chidambaranar Port is expected to play a crucial role in achieving this goal, positioning JSW Infrastructure as a key player in the logistics and infrastructure sector on India’s east coast.