JSW Group outlines global port ambitions

JSW Group outlines global port ambitions

India looks set to have a private port operator on the global stage with Sajjan Jindal, chairman of the JSW Group vowing over the weekend to spend up to $1bn on terminals at home and abroad in the next three years.

Jindal also said an IPO is likely by 2020.

Jindal was speaking from Jaigarh on India’s west coast where JSW has already developed a port with an annual capacity of 40m tonnes, a figure Jindal sees doubling by 2020 and hitting 125m tonnes buy 2025. While the port currently handles dry and liquid bulks, the plans are also to develop container terminals there. The group has also tied up with the Hiranandani Group to construct an LNG terminal nearby.

The company is also developing four berths at Paradip port, which will have 50m tonnes per annum capacity, and a greenfield project at Fujairah in the UAE.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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