JSW Infra Board Approves Fund Raise of Up to 25 Crore Shares

JSW Infrastructure has taken a significant strategic step as its board approved raising funds through the issuance of up to 25 crore equity shares of face value Rs 2 each. The move is aimed at supporting the company’s aggressive expansion plans while ensuring compliance with the Securities and Exchange Board of India’s minimum public shareholding requirements.

The proposed fund raise may be executed through multiple routes, including qualified institutional placement, further public offer, rights issue or other permissible methods. The flexibility in fundraising options allows the company to respond to market conditions while strengthening its capital structure.

Currently, promoter shareholding remains above the regulatory threshold, and the company is required to increase public shareholding to 25 percent within three years of its listing in October 2023. This capital raise is expected to help align ownership structure with regulatory timelines without compromising growth momentum.

JSW Infrastructure has outlined an ambitious expansion roadmap targeting cargo handling capacity of 400 million tonnes per annum by FY30, up from the present 177 MTPA. To achieve this, the company has planned substantial capital expenditure across port expansions, logistics integration and new project developments in key domestic and international locations.

Between FY25 and FY30, the company intends to invest Rs 30,000 crore in the ports segment and Rs 9,000 crore in strengthening its logistics footprint. The focus remains on building an integrated ports to hinterland ecosystem that enhances efficiency, reduces logistics costs and improves asset utilisation.

Financially, the company maintains a comfortable leverage position with a net debt to EBITDA ratio below one, supported by strong cash reserves. With revenue and profit witnessing steady growth in the last fiscal, management remains confident about sustained earnings expansion driven by project execution visibility and operational scale up.