ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

JSW Infra eyes government ports privatisation
PORTS & SHIPPING

JSW Infra eyes government ports privatisation

The joint managing director of JSW Infrastructure, India's second biggest port operator by volumes, expressed the company's interest in exploring port privatisation opportunities initiated by the government. He also mentioned their consideration of the mega transhipment port project at Galathea bay in the Great Nicobar Island. Arun Maheshwari, who is also the CEO of the Sajjan Jindal-led JSW Group company, stated, "The government is creating significant opportunities in India. As the second largest port company in India with a strong balance sheet and the ability to grow in this sector, we will assess every major opportunity in the ports sector." He added, "We are looking into the Galathea project, but we are not completely certain about proceeding with it."

JSW Infrastructure, along with nine other companies including Dutch dredging contractor Royal Boskalis Westminster NV, Rail Vikas Nigam, Container Corporation of India, and Essar Ports, has submitted expressions of interest for the Galathea bay project. According to TK Ramachandran, the secretary of the ministry of shipping, the project's estimated worth is between Rs 650-850 billion. JSW Infrastructure currently operates nine state port concessions situated on the west and east coasts of India.

The joint managing director of JSW Infrastructure, India's second biggest port operator by volumes, expressed the company's interest in exploring port privatisation opportunities initiated by the government. He also mentioned their consideration of the mega transhipment port project at Galathea bay in the Great Nicobar Island. Arun Maheshwari, who is also the CEO of the Sajjan Jindal-led JSW Group company, stated, The government is creating significant opportunities in India. As the second largest port company in India with a strong balance sheet and the ability to grow in this sector, we will assess every major opportunity in the ports sector. He added, We are looking into the Galathea project, but we are not completely certain about proceeding with it. JSW Infrastructure, along with nine other companies including Dutch dredging contractor Royal Boskalis Westminster NV, Rail Vikas Nigam, Container Corporation of India, and Essar Ports, has submitted expressions of interest for the Galathea bay project. According to TK Ramachandran, the secretary of the ministry of shipping, the project's estimated worth is between Rs 650-850 billion. JSW Infrastructure currently operates nine state port concessions situated on the west and east coasts of India.

Next Story
Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement