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JSW eyes port asset acquisitions

Ports & Shipping
March 1, 2016March 1, 2016
JSW eyes port asset acquisitions
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JSW Group is looking for port assets as part of a strategy to expand ports capacity, its CFO Seshagiri Rao said. ´We are going for inorganic growth as there are assets that are available and that makes more sense today, and at the same rates or rates much lower than that of organic growth,´ Rao was quoted as saying. JSW Infrastructure, the group´s unlisted ports unit, has a port capacity of 33 mt across three ports on the western coast. JSW plans to increase this more than six-fold to 200 mt by 2020.

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