JSW Infrastructure Limited announced that its subsidiary Ennore Coal Terminal Private Limited (ECTPL) has received a GST order demanding ₹96.58 crore from Chennai tax authorities. The development follows an earlier show cause notice issued in September 2025, with the matter now progressing to a formal order stage.

Order Details and Timeline

The order was received on December 30, 2025, at around 11:00 AM via speed post. It was dated December 22, 2025, and passed by the Additional Commissioner of Central Tax, Office of The Commissioner of GST and Central Excise, Chennai Outer, Tamil Nadu.

Nature of Allegations

The order alleges short payment of GST during the period from April 2019 to March 2024. The authorities have invoked provisions under Section 74 read with Section 122(2)(b) of the CGST Act, 2017/TNGST Act, 2017 read with Section 20 of IGST Act, 2017.

Company's Response Strategy

JSW Infrastructure has announced its intention to file an appeal against the order. The company maintains confidence in its legal position, stating it has strong legal and factual grounds to contest the order before appellate authorities.

Financial and Operational Impact

The company has clarified that there is no material impact on its financial, operational, or other activities, except for the payment of 10% of the tax demanded as a pre-deposit for filing the appeal. This pre-deposit requirement amounts to approximately ₹9.66 crore, which represents the only immediate financial obligation for the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and follows the SEBI Master Circular dated November 11, 2024. This represents a continuation of the company's earlier intimation dated September 29, 2025, regarding the initial show cause notice.

JSW Infrastructure Ltd , a leading port infrastructure company, has made significant strides in expanding its operations across India. The company recently inked two major deals that are set to strengthen its position in the logistics and port sectors.

30-Year Concession Agreement with Kolkata Port

JSW Infrastructure has signed a 30-year concession agreement with the Syama Prasad Mookerjee Port Authority in Kolkata. This long-term partnership involves the reconstruction and mechanization of berths 7 and 8 at the Netaji Subhash Dock. The project will be executed through JSW Kolkata Container Terminal Pvt Ltd, a wholly-owned subsidiary of JSW Infrastructure.

According to the LODR filing, JSW Kolkata Container Terminal Private Limited entered into the concession agreement with the Port Authority. This follows the Letter of Award received for the reconstruction of Berth No. 8 and mechanization of Berth Nos. 7 and 8 at Netaji Subhash Dock of Kolkata Dock System. The project will be implemented on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis through a Public-Private Partnership (PPP) mode.

Expansion in Karnataka: Multi-Modal Logistics Park

In a separate development, JSW Port Logistics, another entity under the JSW Infrastructure umbrella, has acquired an 86-acre brownfield rail siding in Kudathini, Karnataka. The acquisition, valued at ₹57.00 crore, is part of a larger plan to develop a multi-modal logistics park in the region.

The company plans to invest a total of ₹380.00 crore in this facility, which will include:

• A rail freight terminal
• Container systems
• An inland container depot

JSW Infrastructure expects the Kudathini facility to commence operations within six months, signaling a rapid expansion of its logistics capabilities in southern India.

JSW Infrastructure's Growing Portfolio

With these new developments, JSW Infrastructure continues to expand its already impressive portfolio. The company currently operates:

• 12 port concessions across India
• 1 liquid storage terminal in Fujairah, UAE

These strategic moves align with JSW Infrastructure's vision to enhance its presence in key logistics and port operations across the country.

Market Response

Despite these significant announcements, the market response was muted. JSW Infrastructure's shares closed marginally lower by 0.11% at ₹314.90 on the National Stock Exchange (NSE).

As JSW Infrastructure continues to expand its operations and secure long-term agreements, industry observers will be keenly watching how these developments translate into the company's financial performance and market position in the coming years.