JSW Infrastructure Limited has informed the Exchange regarding 'Signing of Memorandum of Understanding with Konkan Railway Corporation Limited'.
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JSW Infrastructure's wholly owned subsidiary, JSW Jaigarh Port Limited, has signed a binding Memorandum of Understanding with Konkan Railway Corporation Limited (KRCL) for the Bhoke Railway Siding project in Ratnagiri. As per the MoU, the subsidiary will provide a refundable and non-lapsable security deposit for the construction and development of the railway siding. Once completed, the project will give Jaigarh Port direct railway access, enabling movement of containers, bulk, and liquid cargo. This is expected to boost the port's ability to handle third-party cargo from its hinterland and support future capacity expansion. The move builds on an earlier disclosure from September 2024 regarding the investment plan.
This strengthens Jaigarh Port's logistics connectivity and long-term cargo handling capacity, which could positively support JSW Infrastructure's revenue and growth outlook, though near-term financial impact depends on project execution and timelines.