JSW Infrastructure's subsidiary, JSW Tuticorin Multipurpose Terminal will avail a Rs 500-crore finance from ICICI Bank and Canara Bank for the project to develop a cargo facility at the V.O. Chidambaranar Port.

The funds will be utilised for the development/mechanization of North Cargo Berth-III (NCB-III)-Zone A, for handling dry bulk cargo at VOC Port on design, build, finance, operate and transfer basis. 

This wiould enable it to handle 6.96 million tonne of dry bulk cargo per annum.  

Further, JSW Infrastructure, as a sponsor, has provided debt repayment shortfall undertaking to cover Principal and Interest throughout the tenor of loan.