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JSW Infrastructure Incorporates Arm to Execute Project at JNPT
JSW Infrastructure has incorporated a wholly-owned subsidiary for the execution of a port project at JNPA in Maharashtra. JSW JNPT Liquid Terminal Pvt Ltd has been incorporated on March 13, in Mumbai.
Dr.G.R.Balakrishnan Mar 14 2024 Indian Ports News

JSW Infrastructure Incorporates Arm to Execute Project at JNPT

The company said it has received a Letter of Intent (LoI) from Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at the port.

The terms of LoI require the incorporation of a special purpose vehicle to enter into a concession agreement within 30 days of the issue of LoI.

“Accordingly, the company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfil the obligations as stated in the said agreement,” JSW Infrastructure said.