JSW Group to invest in port capabilities and cement capacity

JSW Group plans to invest INR40bn (US$610m) to boost its port and cement capacity in the next two years.

JSW Infrastructure Ltd, plans to almost double its ability to handle cargo at its ports to 62Mt, with a target to further increase it to 200Mt by 2025, Seshagiri Rao, group chief financial officer, said in an interview. Cement capacity is estimated to increase to 17Mt in the next 24 months from 6Mt, he said.

“Ports appear to be a very, very attractive investment as ports and inland waters have not at all been leveraged in India,” Rao said in Bloomberg’s Mumbai office on Wednesday. “We feel that in each of the core infrastructure sectors there is a huge amount of change which is happening.”