JSW Infrastructure Ltd (JSWIL) recently forayed into its first foreign venture through inking of an agreement with Port of Fujairah (UAE) for management of mechanised bulk cargo handling terminals.
Port of Fujairah is one of the largest deep drafts all weather ports in the UAE and currently handles approximately 100 MTPA which is poised to increase to 150 MTPA in next two years. It seamlessly handles a variety of cargoes such as dry and liquid bulk, crude, break bulk and containers. At this port, Container Terminals are managed by DP World and henceforth JSWIL will manage Mechanised Bulk Cargo Terminals and enhance port’s efficiency and throughput and reduce operating cost.
Commencing operations in 1983, Port of Fujairah has since then developed facilities for handling several types of cargo and bunkering operations. The port has second largest bunkering facility in the world. It is located on UAE’s East Coast and nearest to India’s West Coast ports. It provides great distance advantage, so continuously being used by top Indian steel and cement producing companies for limestone and aggregate imports.
JSW Infrastructure is one of the fastest growing port companies in India. It has participated in economic growth story of India and invested & developed world class infrastructure to serve the rising infrastructure needs of the country. It has developed a greenfield multi-cargo port at Jaigarh in Ratnagiri District. It also operates terminals at Mormugao Port, Goa and Dharamtar Port in Raigarh District totalling present capacity of more than 45 MTPA.
Last year, JSW Infrastructure Limited had won the PPP bid for development of iron ore export terminal and coal export terminal at Paradip Port. The company expects these terminals to be operational in FY 2018-19 and adding another approximate 48 MTPA capacity.