Adani, JSW Infra likely to bet Rs 80,000 crore on ports in 5 years

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JSW Infra, which has a cargo handling capacity of 170 mtpa, aims to enhance it to 288 mtpa by FY28 and further to 400 mtpa by FY30 at a compound annual growth rate (CAGR) of 15 per cent.

India’s two biggest private port operators - JSW Infrastructure (JSW Infra) and Adani Ports and Special Economic Zone (APSEZ) - are eyeing major expansion plans worth Rs 80,000 crore, betting on the country’s trade growth in the coming years and its maritime vision of attaining a cargo handling capacity of 10,000 million tonnes per annum (mtpa) by 2047.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Stock market Indian markets JSW Infra APSEZ

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 00:25:24 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 114 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23383861

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