JSW Infrastructure unit signs pact for Odisha captive jetty
JSW Infrastructure's subsidiary JSW Jatadhar Marine Services Private Limited executed a novation agreement with JSW Utkal Steel Limited on July 7, 2026, to develop a captive jetty at Jatadhar Muhan, Odisha. The project, approved by the Government of Odisha on June 18, 2026, will be implemented under the Build, Own, Operate, Share and Transfer model.
*this image is generated using AI for illustrative purposes only.
JSW Infrastructure subsidiary JSW Jatadhar Marine Services Private Limited has executed a novation agreement with JSW Utkal Steel Limited for the development of a captive jetty at Jatadhar Muhan in Jagatsinghpur district of Odisha. The agreement was executed on July 7, 2026, following the approval granted by the Government of Odisha on June 18, 2026. This development allows the subsidiary to implement the project under the Build, Own, Operate, Share and Transfer model.
JSW Utkal Steel had initially submitted an application to the Government of Odisha on June 26, 2025, seeking approval to novate the concession agreement in favour of JSW Jatadhar Marine Services. The recent state approval facilitates the transfer of rights for the jetty's development to the wholly owned subsidiary of JSW Infrastructure.
Project Details
The project involves the construction and operation of a captive jetty, a critical infrastructure component for supporting industrial activities in the region. The novation process ensures that the contractual obligations and benefits are formally transferred from JSW Utkal to JSW Jatadhar Marine Services.
| Entity | Role |
|---|---|
| JSW Utkal Steel Limited | Original applicant for concession agreement |
| JSW Jatadhar Marine Services Private Limited | Wholly owned subsidiary implementing the project |
| Government of Odisha | Regulatory authority granting approval |
The company was informed about the execution of the agreement via email on July 7, 2026. The disclosure was made to the exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for JSW Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.90% | +0.78% | +16.71% | +22.86% | +5.68% | +109.82% |
What is the projected timeline for the construction and operational commencement of the captive jetty?
How will the development of this jetty impact the logistics efficiency and cost structure for JSW Utkal Steel?
What are the estimated capital expenditure requirements for JSW Jatadhar Marine Services under the Build, Own, Operate, Share, and Transfer model?
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