JSW Infrastructure has achieved a significant operational milestone with its subsidiary JSW JNPT receiving the project completion certificate for liquid cargo berths at Jawaharlal Nehru Port Authority (JNPA). The company formally announced this development through a regulatory filing under Regulation 30 of SEBI Listing Regulations, marking the successful completion of critical port infrastructure that enhances cargo handling capabilities.

Official Project Completion and Regulatory Compliance

JSW JNPT Liquid Terminal Private Limited, a wholly owned subsidiary of JSW Infrastructure, received the Project Completion Certificate from RITES Limited, serving as the Independent Engineer for the project. The certificate was received via email at approximately 2:00 p.m., confirming formal approval for commercial operations at the expanded facility.

Capacity Enhancement and Operational Impact

With this development, JSW Infrastructure's total operational capacity has increased from 177 MTPA to 181.4 MTPA, representing a strategic expansion in liquid cargo handling capabilities. The project involves equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at JNPA through the Public Private Partnership mode.

Strategic Infrastructure Development Timeline

The project completion represents the culmination of a structured development process that began with JSW JNPT receiving the Letter of Intent from JNPA and subsequently signing the Concession Agreement. The company had previously informed stakeholders about these developments through regulatory filings, demonstrating consistent progress in project execution.

Growth Project Execution

This milestone underscores JSW Infrastructure's continued focus on timely execution of growth projects and expansion commitments. The commissioning of liquid cargo berths at JNPA strengthens the company's presence in India's port infrastructure sector and positions it to capitalize on growing demand for specialized cargo handling services. The successful completion demonstrates the company's capability to deliver complex infrastructure projects within the Public Private Partnership framework.

JSW Infrastructure Limited's board of directors concluded their meeting on February 20, 2026, with significant approvals for fund raising and leadership changes. The company has approved raising funds through issuance of up to 25,00,00,000 equity shares of face value ₹2 each, supporting its multi-year expansion program and SEBI's Minimum Public Shareholding compliance requirements.

Board Meeting Outcomes

The board meeting, which commenced at 2:00 p.m. (IST) and concluded at 3:45 p.m. (IST), addressed two major agenda items with strategic implications for the company's growth trajectory.

Director Appointment and Leadership Changes

The board approved the appointment of Mr. Kartick Maheshwari (DIN: 07969734) as a Non-Executive, Independent Director for a three-year term from February 20, 2026, to February 19, 2029. This appointment follows the upcoming conclusion of Mr. Amitabh Kumar Sharma's second consecutive term as Independent Director on March 27, 2026.

Mr. Maheshwari brings over 20 years of experience as a senior partner at Khaitan & Co, specializing in corporate law and bankruptcy. He has received multiple professional recognitions including Private Equity Lawyer of the Year (India, 2021) from International Financial Law Review. He currently serves on the boards of Pradeep Metals Limited, MJIC Consultancy Private Limited, and HubSpot India Private Limited.

Comprehensive Fund Raising Strategy

The board approved raising funds through issuance of up to 25 crore equity shares of ₹2 face value each through multiple permissible modes. The fund raising will support the company's ₹39,000 crore integrated capex plan and ensure compliance with SEBI's 25% public shareholding requirement within three years of its October 3, 2023 IPO.

Growth Trajectory and Financial Outlook

JSW Infrastructure is executing a ₹39,000 crore integrated capex plan to scale port capacity from 177 MTPA to 400 MTPA by FY2030. The company maintains strong financial metrics with Net Debt-to-EBITDA at 0.76x and cash & bank balances of ₹3,455 crore as of December 31, 2025. The company expects operating EBITDA to double by FY28 from FY26 levels to reach approximately ₹5,000 crore.

Regulatory Compliance and Next Steps

The Finance Committee has been authorized to determine timing, pricing, and terms for the equity issuance. The company will seek member approval through postal ballot for both the director appointment and fund raising proposals. Upon dispatch of the postal ballot notice, the company will intimate stock exchanges and submit the requisite documentation as per SEBI regulations.