JSW to spend Rs. 2,000 crore over two years to double ports capacity.

JSW Infrastructure, a part of Sajjan Jindal-led JSW Group, will be investing Rs. 2,000 crore over the next two years to double its cargo handling capacity to 30 million tonnes (MT) per annum, a top company official has said. “We have spent Rs. 1,000 crore and will be investing another Rs. 2,000 crore in two years,' said B V J K Sharma, joint managing director and chief executive.

He said the company, which operates assets in Maharashtra (Jaigad and Dharamtar) and Goa (South West Port, near Vasco da Gama), has an operational capacity of 15 MT per annum, which will go up to 30 MT per annum with the investment.

He, however, did not share details of how the funds will be arranged. Over a longer term, the company plans to take the capacity up to 200 MT per annum by 2020.

BS