JSW Infrastructure Limited has secured a letter of award from the Syama Prasad Mookerjee Port Authority for a major port project at the Netaji Subhas Dock in Kolkata. The project involves the reconstruction of berth 8 and mechanisation of berths 7 and 8 and will be developed under the public-private partnership model on a design, build, finance, operate, and transfer basis.
This ₹740 crore project comes with a 30-year concession period and is in line with JSW Infrastructure’s broader strategy to grow its terminal footprint under the central government’s port privatisation drive. The project is expected to improve the port’s container handling efficiency and overall capacity.
JSW Infrastructure plans to begin operations during the construction phase itself by tapping into the strong cargo volumes in Kolkata. The construction is expected to take two years to complete. Once fully operational, the project will significantly increase handling capacity and improve operational capabilities.
On the western coast, the company currently operates the New Mangalore Container Terminal with a capacity of 0.2 million TEUs, which is being expanded to 0.35 million TEUs. With the addition of the Kolkata port project, JSW Infrastructure’s total container handling capacity will move close to one million TEUs, strengthening its position in India’s port container sector.
Shares of JSW Infrastructure Ltd closed at ₹305.20, showing a marginal decline of ₹0.30 or 0.098 percent on the BSE.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
