MUMBAI : JSW Infrastructure Ltd, which began as a company catering to the requirements of JSW Group, is planning to focus on raising its third-party business to 40% within two years and 50% in five years from the current 36%, Mr. Arun Maheshwari, Joint Managing Director, and Chief Executive Officer of JSW Infrastructure was quoted as saying recently.

“A healthy breakup would be to keep it 50-50. We intend to achieve it through inorganic and organic growth. In the interim, we want to take it to 40% in 18-24 months,” he said. According to its September quarter results, around 36% of its overall volume was contributed by third-party customers. Volumes from the third-party business grew 31% during the quarter, it added. JSW Infrastructure’s installed ports and terminals installed cargo handling capacity stood at 153.43 million tonnes per annum.

It also announced entry in container train operations with the acquisition of Sical Multimodal and Rail Transport Ltd’s licence from Pristine Logistics & Infraprojects Pvt. Ltd for ₹400 crore under India’s bankruptcy law. This move is a strategic step to boost its container logistics business and enhance its third-party cargo operations. In Q2 FY24, it successfully managed 23.7 million tonnes of cargo, up 27% from a year earlier.

JSW Infra, which listed on stock exchanges last week, also said it is looking at acquisitions, considering the massive growth potential in India

“We are in very good space today. Our fundamentals are strong with zero net debt, strong Ebitda and the volumes going up, we believe, we have an appetite and intention to grow, and would like to make it big in this industry,” he added. “And given the government is becoming more transparent as they get into public-private partnerships, there are opportunities, and greenfield ports available. Hence there are more acquisitions available. It’s a match.”