Up 9% after robust results, JSW Infra targets growth through greenfield ports, liquid terminals

JSW Infrastructure, India's second-largest commercial port operator, has expanded its portfolio by acquiring assets in the liquid terminals sector in Fujairah, recognised as one of the top three global hubs for this business. This acquisition marks a strategic expansion for the company, which already has a strong foothold in the region.

Arun Maheshwari, Joint MD and CEO of JSW Infrastructure sees potential for growth and efficiency improvements in these assets. "There is additional land available nearby, which we can acquire and expand the terminal. We can also implement operational efficiencies to optimize its performance," he said.

With this move, JSW Infrastructure strengthens its international presence, now with two terminals in the UAE—Fujairah and Dibba—further cementing its position in the maritime sector globally.

The company's shares spiked 9% today (November 6) to around ₹189 following a steep 85% rise in consolidated profit to ₹255.87 crore for the quarter ended September 30. The income increased to ₹895.48 crore over ₹696.51 crore in the previous fiscal year.

JSW Infrastructure, a key entity within the JSW Group, began trading on the exchanges on October 3. The opening share price stood at ₹143, a 20% premium over the issue price of ₹119. The listing marked the group's first listing in over a decade since JSW Energy's public offering in 2010.

The portfolio of the Mumbai-based company includes nine Port Concessions across India, with a range of eco-friendly port facilities spanning the nation's coastline.

Maheshwari also spoke about the company's strategic growth plans and cautious yet forward-looking approach. "This is our first venture into this type of terminal business. Once we gain hands-on experience in this safe zone, we can contemplate expanding our presence within India, especially in the oil tankers terminal sector," he said.

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JSW Infra has a market cap of ₹24,981.6 crore. The company's key competitors include Adani Ports & Special Economic Zone, and Cochin Shipyard, among others.

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