JSW Infrastructure Limited has announced the complete acquisition of JSW Overseas FZE, marking a significant milestone in the company's strategic expansion initiatives. This corporate development represents a full takeover of the entity, positioning JSW Overseas FZE as a wholly-owned subsidiary under the JSW Infrastructure umbrella.

Strategic Acquisition Details

The acquisition involves JSW Infrastructure Limited taking complete ownership of JSW Overseas FZE. This transaction demonstrates the company's commitment to expanding its operational footprint and enhancing its business capabilities in the marine port and services sector.

Corporate Impact

This acquisition aligns with JSW Infrastructure's growth strategy and represents a significant step in the company's expansion plans. The complete ownership of JSW Overseas FZE will enable JSW Infrastructure to have full operational control and strategic direction over the acquired entity.

The transaction reflects the company's focus on strengthening its position in the marine port and services industry through strategic acquisitions and business expansion initiatives.

JSW Infrastructure Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance and strategic growth initiatives across its port and logistics segments.

Operational Performance Highlights

The company demonstrated solid growth momentum in Q3 FY26, with total cargo handling reaching 31.73 million tonnes, marking an 8% year-on-year increase from 29.42 MT in Q3 FY25. For the nine-month period, cargo volumes stood at 89.97 MT compared to 85.66 MT in the corresponding period last year, reflecting 6% growth.

The customer mix remained balanced with third-party cargo accounting for 50% of volumes in Q3 FY26, while JSW Group cargo comprised the remaining 50%. This diversified portfolio demonstrates the company's ability to serve both captive and external customers effectively.

Financial Performance

JSW Infrastructure's port segment delivered strong financial results with revenue growth of 9% year-on-year in Q3 FY26 and 11% growth for the nine-month period. Operating EBITDA for the port business grew 7% YoY in Q3 and 4% for nine months FY26, indicating healthy operational efficiency.

The logistics segment, which includes JSW Port Logistics and Navkar Corporation Limited, reported revenue from operations of ₹185.80 crore in Q3 FY26 and ₹486.70 crore for nine months FY26. The segment achieved an operating EBITDA of ₹33.20 crore (18% margin) in Q3 and ₹78.00 crore (16% margin) for the nine-month period.

Strategic Rail Logistics Acquisition

The company announced a major strategic acquisition involving 100% equity of three rail logistics entities from JSW Shipping & Logistics Private Limited, with an overall enterprise value of ₹1,212.00 crore. This transaction includes:

• JSW Mineral Rail Logistics Private Limited (JMRL) with 19 rakes (15 online and 4 to be deployed)
• JSW Rail Infra Logistics Private Limited (JRIL) with 6 rakes (all online)
• JSW (South) Rail Logistics Private Limited (JSRL) with licenses to operate rakes and route approvals underway for 20 additional rakes

The transaction is expected to be completed by Q4 FY26, significantly expanding JSW Infrastructure's rail logistics capabilities.

International Expansion and Growth Projects

JSW Infrastructure is pursuing international expansion through a strategic partnership in Oman, where JSW Overseas FZE holds a 51% stake alongside Minerals Development Oman's 49% stake in a port project. The Dhofar port project features:

The company is also advancing multiple domestic projects, including the V.O. Chidambarana Port in Tuticorin with 90% pile foundation work completed and interim cargo operations of 1.38 MT in Q3 FY26. The Kolkata Container Terminal project, with 0.45 million TEUs capacity and ₹740.00 crore estimated capex, is progressing with detailed engineering work underway.

Future Guidance and Capacity Expansion

JSW Infrastructure has outlined ambitious growth targets through FY28, projecting operating revenue to reach approximately ₹11,650.00 crore and operating EBITDA of around ₹5,000.00 crore by FY28. The company plans to increase its total operational capacity to approximately 2.4 times current levels by 2030, supported by ongoing brownfield expansions and greenfield projects across its port network.

Key expansion projects include capacity increases at Dharamtar (21 MTPA) and Jaigarh (15 MTPA) ports, backed by the anchor customer's 5 MTPA steel-making capacity expansion at Dolvi, with an estimated combined capex of ₹2,359.00 crore targeting completion by March 2027.