JSW Infra subsidiary gets LOI for Inland Container Depot in Ballari, Karnataka
JSWINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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JSW Infrastructure's wholly owned subsidiary JSW Port Logistics received a Letter of Intent from the Central Board of Indirect Taxes and Customs to set up an Inland Container Depot (ICD) at Kudathini, Ballari, Karnataka. This is the first ICD in the Ballari region and will handle import/export cargo. The ICD must be operational within one year. This follows the subsidiary's earlier acquisition of a brownfield rail siding at Kudathini in Sept 2025 and start of interim operations in March 2026, as part of a Multi-Modal Logistics Park plan. Financial terms were not disclosed.
Positive: expands logistics footprint with first ICD in Ballari region, strengthens multi-modal logistics park plans. No financials disclosed.