JSW Infrastructure Establishes New Subsidiary for Kolkata Container Terminal Project

1 min read     Updated on 01 Aug 2025, 07:35 PM
scanxBy ScanX News Team
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Overview

JSW Infrastructure Limited has incorporated a new wholly-owned subsidiary, JSW Kolkata Container Terminal Private Limited, on August 1, 2025. This move follows a Letter of Award from Syama Prasad Mookerjee Port Authority for a container terminal project. The subsidiary will reconstruct Berth No. 8 and mechanize Berth Nos. 7 and 8 at Netaji Subhash Dock of Kolkata Dock System. The project will be developed on a DBFOT basis through a PPP model. The new subsidiary has an initial capital of ₹1.00 lakh with JSW Infrastructure holding 100% of the share capital.

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*this image is generated using AI for illustrative purposes only.

JSW Infrastructure Limited (JSW Infra) has taken a significant step in expanding its port operations by incorporating a new wholly-owned subsidiary, JSW Kolkata Container Terminal Private Limited. This strategic move comes in response to a recent contract award and aligns with the company's growth plans in the container terminal sector.

Key Highlights

  • New Subsidiary: JSW Kolkata Container Terminal Private Limited was incorporated on August 1, 2025, as a wholly-owned subsidiary of JSW Infrastructure Limited.
  • Project Details: The subsidiary is established to undertake a major port development project in Kolkata.
  • Contract Award: JSW Infra received a Letter of Award (LOA) from Syama Prasad Mookerjee Port Authority for a significant container terminal project.

Project Scope

The newly formed subsidiary will be responsible for executing a substantial port infrastructure project, which includes:

  1. Reconstruction of Berth No. 8
  2. Mechanization of Berth Nos. 7 and 8 at Netaji Subhash Dock of Kolkata Dock System

The project will be developed on a Design, Build, Finance, Operate and Transfer (DBFOT) basis through a Public-Private Partnership (PPP) model. The terminal will provide integrated container handling services for all types of containers.

Strategic Importance

This development marks JSW Infra's entry into the Kolkata port sector, potentially strengthening its position in eastern India's maritime infrastructure. The establishment of the new subsidiary fulfills a key requirement of the LOA, which mandated the creation of a Special Purpose Vehicle (SPV) within 30 days of the award to enter into a concession agreement.

Financial Details

  • Initial Capital: The subsidiary is incorporated with an initial capital of ₹1.00 lakh, comprising 10,000 equity shares of ₹10.00 each.
  • Shareholding: JSW Infrastructure Limited holds 100% of the share capital of JSW Kolkata Container Terminal Private Limited.

Company Statement

Hitesh Kanani, Company Secretary and Compliance Officer of JSW Infrastructure Limited, stated in the regulatory filing, "The Company has incorporated a wholly owned subsidiary namely JSW Kolkata Container Terminal Private Limited on 1st August, 2025."

This strategic expansion by JSW Infrastructure into the Kolkata port sector underscores the company's commitment to growth and its vision to play a larger role in India's port infrastructure development. The new terminal project is expected to enhance container handling capabilities at the Kolkata port, potentially boosting trade and economic activities in the region.

Historical Stock Returns for JSW Infrastructure

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+0.26%-0.26%-0.28%+17.07%-2.90%+93.80%
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JSW Infrastructure Establishes New Subsidiary for Kolkata Port Project

1 min read     Updated on 01 Aug 2025, 07:34 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

JSW Infrastructure Limited has incorporated a new wholly-owned subsidiary, JSW Kolkata Container Terminal Private Limited, on August 1, 2025. This subsidiary will handle a major port development project in Kolkata, including the reconstruction of Berth No. 8 and mechanization of Berth Nos. 7 and 8 at Netaji Subhash Dock. The project, to be executed on a DBFOT basis through PPP mode, focuses on container handling services. The new subsidiary has an initial capital of Rs. 1,00,000 and is registered in Mumbai. This move allows JSW Infrastructure to comply with the Letter of Award terms from the Syama Prasad Mookerjee Port Authority and expand its operations in eastern India.

15602686

*this image is generated using AI for illustrative purposes only.

JSW Infrastructure Limited , a key player in India's port infrastructure sector, has taken a significant step towards expanding its operations in eastern India. The company announced the incorporation of a new wholly-owned subsidiary, JSW Kolkata Container Terminal Private Limited, on August 1, 2025. This strategic move is aimed at fulfilling the requirements of a Letter of Award (LOA) received from the Syama Prasad Mookerjee Port Authority.

Project Details

The newly formed subsidiary will be responsible for a major port development project in Kolkata. The scope of work includes:

  • Reconstruction of Berth No. 8
  • Mechanization of Berth Nos. 7 and 8 at Netaji Subhash Dock of Kolkata Dock System

This project will be executed on a Design, Build, Finance, Operate and Transfer (DBFOT) basis through a Public-Private Partnership (PPP) mode. The primary focus will be on providing container handling services for all types of containers.

Subsidiary Information

Key details about the new subsidiary include:

Attribute Details
Name JSW Kolkata Container Terminal Private Limited
Incorporation Date August 1, 2025
Registered Office 5A, Jindal Mansion, Dr. G. Deshmukh Marg, Mumbai, Maharashtra, India, 400026
Industry Infrastructure (Port Related Industry)
Initial Capital Rs. 1,00,000 (10,000 equity shares of Rs. 10 each)
Shareholding 100% owned by JSW Infrastructure Limited

Strategic Importance

The incorporation of this subsidiary is a crucial step for JSW Infrastructure, as it allows the company to comply with the LOA terms, which required the establishment of a Special Purpose Vehicle (SPV) within 30 days to enter into a concession agreement.

Financial Implications

JSW Infrastructure has made an initial capital investment of Rs. 1,00,000 in the new subsidiary. While the financial impact is currently minimal, the project's long-term potential could be significant for the company's growth in the port infrastructure sector.

Future Outlook

As of now, JSW Kolkata Container Terminal Private Limited has yet to commence business operations. However, its establishment paves the way for JSW Infrastructure to strengthen its presence in eastern India's port sector and potentially capitalize on the growing container traffic in the region.

This development aligns with JSW Infrastructure's strategy to expand its port operations across strategic locations in India, enhancing its capability to serve the nation's growing maritime trade needs.

Historical Stock Returns for JSW Infrastructure

1 Day5 Days1 Month6 Months1 Year5 Years
+0.26%-0.26%-0.28%+17.07%-2.90%+93.80%
JSW Infrastructure
View in Depthredirect
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