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Rising third-party mix, capex boost outlook for JSW Infra

Mint New Delhi

|

December 25, 2024

In recent years, JSW Infrastructure Ltd has succeeded in raising the share of third-party cargo to 48% in H1 FY24 from 25% in FY21.

- Ashish Agrawal

In recent years, JSW Infrastructure Ltd has succeeded in raising the share of third-party cargo to 48% in H1 FY24 from 25% in FY21. It helped improve capacity utilization to 63% in H1 FY25 from 35% in FY21. The management has said that reaching 60% utilization helps achieve its target return on capital employed (ROCE) of 18%.

The company is investing ₹30,000 crore to expand cargo handling capacity to 400 million tonnes per annum (mtpa) by FY30 from 170 mtpa. Its net cash positive status as of September and improving cashflow should help meet funding needs. Promoter holding needs to come down to 75% over the next two years from 85.6%.

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