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JSW Infra arm enters into concession agreement with Jawaharlal Nehru Port Authority

Automotive Industries  -  Apr 09,2024  - 

JSW Infrastructure announced that JSW JNPT Liquid Terminal (wholly-owned subsidiary of the Company) has entered into a concession agreement on 08 April 2024 with Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of liquid cargo berths LB3 and LB4 at Jawaharlal Nehru Port through Public Private Partnership Mode.

In February, the company received a letter of intent from the Jawaharlal Nehru Port Authority for the maintenance and transfer of additional liquid cargo berths at the port. The company had said the order would be executed in 30 days.

JSW Infrastructure's revenue in the December quarter increased by nearly 18% to ₹940 crore from ₹798 crore in the same quarter a year ago, supported by a 17% increase in cargo volumes. The company's profit after tax more than doubled to ₹251 crore from ₹115 crore in the previous year.

JSW Infrastructure is a subsidiary of the Mumbai-based JSW Group. It specialises in developing infrastructure projects related to ports, roads, and rail connectivity.

 

Company : JSW Infrastructure

JSW JNPT Liquid Terminal

Jawaharlal Nehru Port Authority

JSW Group