JSW Infrastructure

What JSW Infrastructure does

JSW Infrastructure Limited is India's second-largest private commercial port operator, established as the infrastructure arm of the diversified JSW Group conglomerate. The company operates 13 ports and terminals strategically distributed across India's west and east coasts — including Jaigarh, Dharamtar, South West Port at Shirgaon, and facilities in Tamil Nadu, Odisha, and West Bengal — plus two operations and maintenance contracts in the UAE and the Fujairah Liquid Terminal. It serves industrial cargo owners (steel, cement, energy companies), shipping lines and maritime operators, oil trading companies, and government port authorities. Service offerings span bulk and breakbulk cargo handling, containerized cargo operations, and liquid cargo storage, with FY26 cargo volumes of 117 MMT and 122 MMT reported in adjacent disclosures.

The technical platform is built on mechanized cargo handling systems and multimodal logistics integration centered on strategically located port concessions. Following the 2025 acquisition of Navkar Corporation, the platform now extends into rail rake operations, warehousing and last-mile hinterland connectivity, transforming the company from a pure port operator into an integrated port-and-logistics platform. The company is also entering container handling via a 30-year DBFOT concession at Kolkata's Syama Prasad Mookerjee Port (combined target of 1.8 million TEUs), and issued India's first Sustainability-Linked Bond ($400 million) in January 2022. Total operational capacity of 177 MTPA is targeted to more than double to 400 MTPA by FY30, backed by a stated ₹30,000 crore capex program.

Revenue is generated through cargo handling charges, berth rentals, port service fees, and liquid storage fees paid by shipping lines, industrial cargo owners, oil traders, and government counter-parties under long-term service contracts and PPP concession arrangements. FY26 operating revenue was ₹5,361 crore (up 20% year-over-year) with adjusted profit after tax of ₹1,644 crore, and management has guided FY27 operating revenue of ₹6,850 crore and EBITDA of ₹3,000 crore. The go-to-market motion is enterprise field sales targeting large industrial clients and shipping companies, supplemented by competitive bidding for government PPP concessions; institutional capital is sourced through listed equity, the 2023 IPO, the 2026 QIP, and international debt markets.

Name

JSW Infrastructure

Legal name

JSW Infrastructure Limited

Website

https://jsw.in

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

JSW Infrastructure is India's second-largest private commercial port operator, running 13 ports and terminals across India and the UAE that handle bulk, container, and liquid cargo. It serves shipping lines, industrial cargo owners, oil traders, and government port authorities via port operations, integrated rail logistics, and PPP concessions.

Ownership category

akta.pro rank

Product category

Maritime Port Operations

NAICS

Marine Cargo Handling (488320), Port and Harbor Operations (488310), Freight Transportation Arrangement (488510), Deep Sea Freight Transportation (483111)

SIC

Water Transportation (4400), Wholesale-Petroleum Bulk Stations & Terminals (5171), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA)

akta.pro secondary industries

Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery) (TLAHALAB), Breakbulk & Project Cargo Handling (Heavy Lift, Out-of-Gauge Handling) (TLAHALAH), Oil & Gas / Energy Project Transport (Rigs, Pipe, Modules) (TLADAGAE)

Keywords

• Port operations
• Cargo handling
• Marine terminals
• Multimodal logistics
• Container terminal

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Port Operations and Cargo Handling: Core revenue from operating ports and terminals, handling various cargo types including bulk, liquid, and containerized cargo. Revenue generated through cargo handling charges, berth rentals, and port service fees collected from shipping lines, cargo owners, and industrial clients.
2. Liquid Storage Terminals: Revenue from Fujairah Liquid Terminal providing oil and commodity storage with 465,000 cubic metre tank capacity serving regional oil supply chains
3. Rail Logistics Services: Rail rake operations through Navkar Corporation providing EXIM and domestic cargo rail transportation, contributing 14% EXIM cargo volume growth and 56% domestic cargo volume growth

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

JSW Infrastructure operates eco-friendly seaports and terminals across India and the UAE, providing cargo handling, berthing, and storage services for bulk, containerized, and liquid cargo. The company delivers integrated logistics solutions connecting ports to hinterland markets through rail and road networks, with 177 MTPA of operational cargo handling capacity across 13 strategically located ports.

Product overview

JSW Infrastructure operates as a platform of port and logistics services, comprising core port operations (handling bulk, breakbulk, and containerized cargo across 13 strategically located ports along India's west and east coasts), supplemented by integrated logistics capabilities (rail, warehousing, and last-mile connectivity through Navkar Corporation acquisition), and liquid storage terminals (including the Fujairah Liquid Terminal in the UAE). The company is expanding into containerized cargo handling through PPP projects at Kolkata's Syama Prasad Mookerjee Port.

Differentiator

Problem solved

Functional benefit

Products and services

• Port Cargo Handling Services Cargo handling services including bulk cargo (coal, iron ore), breakbulk, and general cargo through strategically located port concessions along India's west and east coasts. Services are aimed at industrial cargo owners, shipping lines, and government port authorities.
• Fujairah Liquid Terminal Liquid storage terminal at Fujairah in the UAE with 465,000 cubic metres of tank storage capacity for crude oil and petroleum products, serving oil trading companies and regional oil supply chains.
• Container Terminal Operations Container handling and terminal operations including development and operation of container berths at Netaji Subhas Dock under a 30-year DBFOT concession from Syama Prasad Mookerjee Port Authority, expanding container capacity to approximately 1.8 million TEUs.
• Rail Logistics Services Integrated logistics services including rail rake operations, warehousing, and last-mile connectivity acquired through Navkar Corporation to provide end-to-end multimodal logistics solutions connecting ports to hinterland markets.

Quantifiable outcome

• Cargo handling capacity expansion from 177 MTPA to 400 MTPA by FY30
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Syama Prasad Mookerjee Port Authority (SMPA)coreStrategic or Co-development Partner · 10 June 2026JSW Infrastructure received Letter of Award from Syama Prasad Mookerjee Port Authority for integrated development of Outer Container Terminal at Netaji Subhas Dock in Kolkata under 30-year DBFOT concession. Project will create approximately 0.93 million TEUs capacity in two phases, with combined capacity at Kolkata Dock System reaching 1.4 million TEUs. Upon completion of all projects, overall container capacity will reach 1.8 million TEUs.
• Southern RailwayminorStrategic or Co-development Partner · 15 April 2026Commercial operations approved by Southern Railway for Gati Shakti Multi-Modal Cargo Terminal at Arakkonam, Chennai, providing rail connectivity and multimodal cargo solutions.
• Mercuria GroupcoreOthers · 1 November 2023JSW Infrastructure acquired Fujairah Liquid Terminal from Swiss commodity trader Mercuria Group in November 2023. The terminal has storage capacity of 465,000 cubic metres representing roughly a day's crude production in the UAE, serving regional oil supply chains.
• Navkar CorporationcoreStrategic or Co-development PartnerAcquisition of Navkar Corporation to provide last-mile connectivity and integrated logistics services. The deal provides early access to railway permits and rakes under government schemes. Navkar's rail business consolidation added 25 rakes contributing additional ₹25 crore in EBITDA with plans to expand to 250 rakes by FY28. Logistics business reported 14% growth in EXIM cargo volumes and 56% growth in domestic cargo volumes.

Scale indicators13 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Adani Ports & SEZ Limited: India's largest private port operator with a network of ports and terminals across the country. Direct competitor to JSW Infrastructure for cargo volumes, concession bids, and institutional capital across bulk, container, and liquid cargo segments.
• Gujarat Pipavav Port Limited: Indian container and multi-cargo port operator on the west coast, majority-owned by APM Terminals. Direct competitor for container cargo volumes on India's west coast where JSW's Jaigarh and Dharamtar ports are also located.
• Essar Ports (Vadinar): Indian port operator historically focused on bulk and liquid cargo handling including Vadinar terminal. Comparable as a domestic private port competitor pursuing similar cargo segments and concession-based operating model.
• International Cargo Terminals and Infrastructure: Indian port and terminal operator providing cargo handling and storage services at Indian ports. Comparable as a domestic private port operator competing for similar cargo handling and storage contracts on India's coastline.

Broad incumbents

• DP World: Global port operator headquartered in the UAE with Indian port operations and significant presence in container handling. Comparable as a large incumbent with multimodal logistics integration across regions where JSW Infrastructure operates.
• APM Terminals: Global terminal operating company owned by A.P. Moller-Maersk, operating container terminals worldwide including Pipavav in India. Comparable as a global incumbent with container terminal expertise that overlaps with JSW's growing container vertical.
• PSA International: Singapore-based global port operator with terminals across Asia, Europe, and the Americas. Comparable as a large incumbent with container terminal expertise, scale capital, and government-linked concession experience relevant to JSW's growth strategy.

Others

• Container Corporation of India (CONCOR): India's largest container rail freight operator under the Indian Railways. Comparable as an adjacent multimodal logistics provider relevant to JSW's integration of port operations with rail logistics via Navkar Corporation.
• Great Eastern Shipping Company: India's largest private-sector shipping company operating tankers and dry bulk carriers. Comparable as an Indian maritime ecosystem peer serving similar industrial cargo customers and using Indian ports for vessel operations.

Regional players

• Syama Prasad Mookerjee Port Authority (Kolkata Port): Government-owned major port authority on India's east coast. Counterparty and adjacent peer for JSW Infrastructure's Kolkata container terminal concession and a key government partner in the company's DBFOT expansion strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/thejswgroup?mx=2
• YouTubeyoutube.com/channel/UCMauB1IhqTxH982vZmdJoVw
• Facebookfacebook.com/JSWGroupOfficial
• LinkedInlinkedin.com/company/jswgroup
• Instagraminstagram.com/jsw.group/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors29 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JSW Infrastructure