Home / Companies / News / JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra will also modernise its port assets which now have a combined cargo handling capacity of 17 million tonnes per annum

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Representative photo of a port

TE Narasimhan Chennai

3 min read Last Updated : Nov 18 2020 | 11:31 AM IST

JSW Infrastructure has completed the acquisition of Chettinad Group’s port business for around Rs 1,000 crore.

This acquisition allows JSW Infrastructure ownership and operational control of a deep draft international coal terminal and a bulk terminal at Kamarajar Port Limited (KPL) as well as coal and bulk commodity terminal at New Mangalore Port Trust (NMPT).

JSW Infrastructure is investing more than Rs 1,000 crore to acquire as well as modernise these port assets which have a combined cargo handling capacity of 17 million tonnes per annum.

Arun Maheshwari, joint MD & CEO of JSW Infrastructure said, “The successful acquisition of these port assets

Topics : JSW Kamarajar Port Ltd Karnataka Indian business Ports in India

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