JSW Infrastructure Ltd., the second largest commercial port operator in the Indian private sector, expects to quadruple its capacity in 7 to 10 years, according to Arun Maheshwari, its deputy managing director and chief executive officer (CEO).

The company now has an installed capacity of 158.43 million tonnes per annum, including 72 million tonnes per annum at various terminals it operates at key ports, according to the company's Rs 2,800 crore Initial Public Offering (IPO), which began on Monday.

He said going ahead the company’s plan would be to bid for more terminals at major ports and to build greenfield ports.

“The government is now inviting private players to modernise terminals. There is huge scope for us to participate in it. But we need a solid balance sheet to grow the business. The ongoing IPO will provide that strength to our balance sheet,” he said.