Capt BVJK Sharma, Joint Managing Director and Chief Executive Officer, JSW Infrastructure is on “mission expansion.” His company has outlined a whopping Rs 88 billion expansion plan that will take cumulative strength of its ports from 75 mtpa to 200 mtpa by 2021.
A point in case is that the government has created a separate entity for port–rail connectivity projects where the central and state governments will work together to expedite land acquisition issues under a certain Act. This will minimise the entire process of land acquisition. That apart, to streamline the logistics operations, the government has planned 14 coastal economic zones.
Now, other than Sagarmala, the government is also encouraging cargo movement in our abundant national waterways. This is mainly because cargo movement is much higher the world over, whereas we stand at 6 per cent on coastal and just 1 per cent on inland waters. So by improving cargo movement through inland waters, India will save billions of rupees.
So once we reach the threshold limit of eligibility, we will raise funds. It means we are planning to go public by 2021.
For the container business, we are in talks with the main shipping liners. We have launched the country’s first floating storage re-gasification unit-based liquefied natural gas (LNG) terminal at Jaigarh. The terminal will offer LNG storage, re-gasification, reloading, fuel bunkering, and truck loading facilities. Once it becomes operational by the end of the year, the re-gasified LNG will be supplied to customers through a 60-km tie-in pipeline which shall be connected to national gas grids at Dabhol. We have also envisaged a LPG project at a cost of Rs 2.50 billion.
- RAHUL KAMAT