JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr

The company will invest Rs 300 crore in all at the New Mangalore Port Trust container terminal to create a capacity of 400,000 TEUs

JSW Infrastructure, a key bulk cargo operator, has stepped into the container cargo business by commissioning its first container terminal at New Mangalore Port Trust (NMPT) on Wednesday.

The company, which is among the country's top five port operators, will invest Rs 300 crore in total at the NMPT container terminal to create a capacity of close to 400,000 TEUs (twenty-foot equivalent units) by FY24, Arun Maheshwari, joint managing director and CEO, JSW Infrastructure, said. The company has a 30-year concession agreement with NMPT for the container terminal on Design, Build, Finance, Operate and Transfer (DBFOT) basis, he said.

Significantly,