Eton Park Capital Management, a global multi-disciplinary investment organisation, will invest upto $125 million in acquiring equity of Jindal Group's JSW Infrastructure (JSWIL). These funds will be used to finance the expansion of the entity's ports business.
JSWIL operates ports at Jaigarh, Maharashtra and Goa. The company is also in the process of setting up a shipyard and ship repair facility at Dhabol. Through its subsidiary JSW Jaigarh Port, the company has set up a greenfield multi-cargo deep water port in Damankul Bay in Maharashtra. The port is equipped with two berths off 550 m quay length and modern mechanised environment friendly handling systems. Subsequently in the second phase of development, five more berths spanning 1,500 m of waterfront will be developed for handling container cargo, RORO vessels and oil cargo. JSWIL is exploring various opportunities to develop ports and related infrastructure.