JSW Infra wins bid to develop port in K'taka

The firm is to build the all-weather, deep-water Keni port for 4,119 crore

- Naman Suri

Sajjan Jindal-led JSW Infrastructure Ltd on Thursday announced it has acquired the rights to develop a greenfield port in Karnataka with an initial capacity of 30 million tonnes per annum (mtpa). The project is set to be completed in the next five years.

The company emerged as the winning bidder for developing the all-weather, deep-water Keni port on a public-private partnership basis at a cost ₹4,119 crore. It will operate the project for 30 years.

“Once the concession agreement is signed, we will start working to develop the Keni port as an integral part of the state’s maritime infrastructure and trade gateway," said Arun Maheshwari, joint managing director and chief executive officer of JSW Infrastructure.

“Once developed, the Keni port is expected to crucially address the region’s rising import and export trade momentum," Maheshwari was quoted as saying in the release.