Navkar Corporation has received the Letter of Acceptance from Central Railway for its Gati Shakti Multi-Modal Cargo Terminal project at Somathane. The company disclosed this development through a regulatory filing, confirming the formal award of the contract valued at approximately ₹63.22 crore.

Project Details

The approved project involves the development of a Gati Shakti Multi-Modal Cargo Terminal under the GCT policy at Somathane, entirely on railway land. Central Railway's Divisional Office, Commercial Department, CSMT Mumbai has awarded this contract, marking a significant infrastructure development for the company.

Implementation Timeline

Navkar Corporation has committed to a structured timeline for project execution:

Strategic Impact

The award of this additional Gati Shakti Cargo Terminal at Somathane is expected to strengthen Navkar Corporation's logistics infrastructure and enhance its integrated cargo handling capabilities. This expansion aligns with the company's strategy to improve customer service offerings and reinforce its strategic presence in the region.

Regulatory Compliance

Navkar Corporation received notification of the Letter of Acceptance through hand delivery. The company has confirmed that this contract does not involve any related party transactions and that promoters have no interest in the awarding entity, ensuring arms-length transaction compliance.

Navkar Corporation , a subsidiary of JSW Infrastructure, India's second-largest private port operator, has reported robust financial results for the first half of the fiscal year, alongside announcing significant expansion plans to solidify its market position.

Financial Highlights

JSW Infrastructure posted impressive growth across key financial metrics for H1:

Operational Performance

JSW Infrastructure handled 58.2 million tonnes (MT) of cargo in H1, marking a 4.40% increase year-on-year. The company's current operational capacity stands at 177 million tonnes per annum (mtpa). In Q2, the company handled 28.9 MT of cargo, demonstrating continued strong performance.

Expansion Strategy

The port operator has outlined an ambitious growth strategy:

• Capacity Expansion: Plans to increase capacity from 177 mtpa to 400 mtpa by FY30.
• Logistics Business: Targeting ₹8,000.00 crore revenue from the logistics segment by FY30.
• Capital Expenditure: Allocated ₹9,000.00 crore for expansion between FY25-30.

Key Projects Update

1. V.O. Chidambarana Port, Tuticorin

   • 7 mtpa berth under construction
   • 60% pile foundation completed
   • Expected completion: Q1 FY27

2. JNPA Liquid Terminal

   • Two liquid cargo berths with 4.5 mtpa capacity
   • Commercial operations to commence in November 2025

3. Kolkata Container Terminal

   • Signed 30-year concession agreement in September 2025
   • Capacity: 0.45 million TEUs (6.3 mtpa)
   • Expected completion: H1 FY28

4. Slurry Pipeline Project, Odisha

   • 302 km pipeline from Nuagaon to Jagatsinghpur
   • 218.3 km of welding and 194.4 km of lowering completed
   • Estimated completion: March 2027

5. Jatadhar Port

   • 30 mtpa capacity greenfield port
   • 4.5 million cubic meters of dredging completed
   • Target completion: March 2027

Strong Financial Position

JSW Infrastructure maintains a robust balance sheet with a net debt of ₹1,810.00 crore and cash balances of ₹3,088.00 crore as of September 30, 2025. The company's net debt to operating EBITDA ratio stands at a healthy 0.75x.

Logistics Segment Performance

The company's logistics arm, including Navkar Corporation, showed strong growth:

• Domestic cargo volumes up 29.00% YoY in H1
• EXIM cargo volumes increased by 25.00% YoY in H1

Future Outlook

With its strategic expansion plans and strong financial performance, JSW Infrastructure is well-positioned to capitalize on India's growing port sector. The company's focus on both brownfield expansions and greenfield projects, coupled with its foray into logistics, sets a solid foundation for sustained growth in the coming years.

As India aims to quadruple its port capacity to 10,000 mtpa by 2047, JSW Infrastructure's expansion strategy aligns well with the national vision for port infrastructure development.

Sustainability Initiatives

The company has also made strides in sustainability, reporting improvements in specific energy consumption and GHG emission intensity. JSW Infrastructure is committed to various community development initiatives, including health, education, and environmental projects.

With its robust performance and clear growth strategy, JSW Infrastructure appears well-equipped to strengthen its position in India's port and logistics sector, supporting the country's economic growth and infrastructure development goals.

Navkar Corporation Limited, as a subsidiary of JSW Infrastructure, has informed stock exchanges about the release of this investor presentation, highlighting the group's overall growth strategy and strong performance.