JSW Infra bags project worth Rs 4,119 crore to develop port in Karnataka

Team Blitz India

NEW DELHI: JSW Infrastructure said on November 16 that it received letter of award (LOA) for the development of Keni greenfield port in Karnataka. The estimated cost of the project is Rs 4,119 crore with initial capacity of 30 million tonnes per annum (MTPA), the company said in a press release.

“Once developed, the Keni port is expected to crucially address the rising import and export trade momentum of the region,” said JSW Infrastructure Managing Director and Chief Executive Officer Arun Maheshwari.

The proposed Keni port would have modern environment-friendly mechanised facilities for handling of cape-size vessels, the company said adding that it will be built to serve the industries in the area covering Bellary, Hosapete, Hubballi, Kalaburagi.

Earlier this year, media reported that JSW Infrastructure emerged as the lone bidder to develop the port. This came after the Karnataka government, in 2022, sought bids to develop ports at Keni and Pavinakurve in a bid to bolster its port infrastructure and strengthen the economy.