The company’s intention is to utilize the funds generated from this IPO to address the debt of its wholly-owned subsidiaries, namely JSW Dharamtar Port and Jaigarh Port. Additionally, it aims to finance the capital expenditures of two other subsidiaries, JSW Jaigarh Port and JSW Mangalore Container Terminal, among other strategic initiatives.
JSW Infra, which initially acquired a port concession at Mormugao, Goa in 2002 and commenced operations in 2004, has since expanded its operations to encompass nine port concessions across India as of December 31, 2022. This expansion has transformed the company into a diversified maritime ports entity.
