BL reported that JSW Group has drawn up aggressive plans to develop a slew of ports, both in India and overseas as part of its backward integration initiative. This will include four ports along the Indian coast and one each in Mozambique and Chile.
According to a company official, the Mozambique port project will see JSW teaming up with the local Government in a 51:49 JV. On the other hand, the Chile initiative is likely to be completed without any local partner.
Captain BVJK Sharma joint MD & CEO of JSW Infrastructure Ltd told Business Line that “All these plans are in developmental stages as we are holding talks with the various State governments depending on our needs.”
Captain Sharma said that “The idea of this drive on ports development is to enhance control of our logistics as well as raw materials supply chain for the steel, power and other downstream businesses.”
JSW Jaigarh port a wholly owned company under JSW Infrastructure. which was inaugurated recently, will cater to the total coal requirements of JSW Energy’s 1,200 MW power plant.
(Sourced from Business Line)
Monday, August 31, 2009
JSW group to develop ports in India and abroad
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