In an exchange
disclosure, the company said the project has been awarded on a Design, Build,
Finance, Operate, and Transfer basis under the Public?Private Partnership
framework. It added that the project is aimed at enhancing container handling
capacity, improving operational efficiency, and supporting growing trade
volumes in the region. Under the 30-year concession agreement, the project will
be executed in two phases and is expected to create a total capacity of
approximately 0.93 million TEUs (Twenty-foot Equivalent Units) The latest Letter of Award builds on JSW
Infrastructure’s earlier LOA for the reconstruction of Berth 8 and the
mechanization of Berths 7 and 8 at Netaji Subhash Dock. Together, these two
projects meaningfully expand the company’s footprint at one of India’s key
eastern gateway ports. Upon
completion, including the capacity from the ongoing Berth 7 and 8 project, the
company’s combined container handling capacity at the Kolkata Dock System is
expected to reach approximately 1.4 million TEUs. JSW
Infra’s overall container handling capacity is expected to increase to
approximately 1.8 million TEUs. “The addition of incremental container capacity
is aligned with the Company’s strategy to further diversify into the container
segment and progressively scale up its third?party cargo business, thereby
enhancing its overall cargo mix across geographies,” JSW Infra said in an
exchange filing.
JSW Infrastructure, a key entity of the JSW Group, is India’s second?largest
private commercial port operator, renowned for its environmentally sustainable
seaports and terminals. The Company operates thirteen strategically located
port concessions along India’s west and east coasts, complemented by an
international presence with a 465,000 cubic meter liquid tank storage terminal
and two O&M contracts for port terminals in the UAE.