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JSW Infrastructure has submitted bids totaling Rs 2,000 crore to acquire three ports as part of the government’s privatization initiative. This move is set to increase the company’s capacity by an estimated 10-12 percent. As of FY23-end, JSW Infrastructure already boasts a cargo handling capacity of 158.4 million tonnes across nine ports and terminals on both the eastern and western coasts. Additionally, the company has raised Rs 1,260 crore from anchor investors, with plans to invest in an LPG terminal project (Rs 865.75 crore), an electric sub-station (Rs 59.4 crore), and allocate Rs 151.04 crore towards expansion efforts at the Mangalore Container Terminal and greenfield expansion projects, using funds from its initial public offering (IPO) proceeds.
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Note: Note: The above-mentioned news was first published by us in our ProjectX India | 1st October 2023 edition.. To get this issue or our latest issue with full contact details, you can buy this issue by clicking here…
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