JSW Infrastructure subsidiary seals deal to construct private jetty in Odisha

JSW Infrastructure Ltd, led by Sajjan Jindal, announced on Tuesday (July 7) that its fully owned subsidiary, JSW Jatadhar Marine Services Private Ltd, has entered into a novation agreement with JSW Utkal Steel Ltd to develop a captive jetty at Jatadhar Muhan in Odisha’s Jagatsinghpur district.

On June 26, 2025, JSW Utkal submitted an application to the Government of Odisha for permission to transfer the concession agreement for the project to JSW Jatadhar Marine Services.

This project will develop the captive jetty following the Build, Own, Operate, Share and Transfer (BOOST) model. The Government of Odisha sanctioned the novation of the concession agreement to JSW Jatadhar Marine Services on June 18, 2026.

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After receiving approval, JSW Utkal Steel and JSW Jatadhar Marine Services finalized the novation agreement on July 7, 2026, to proceed with the project. JSW Infrastructure was notified of the agreement’s execution via email on July 7, 2026.

Fourth Quarter Results

JSW Infrastructure Ltd reported a net profit decline of 17.9% year-on-year for the fourth quarter, totaling ₹418.3 crore, down from ₹509.4 crore in the same period last year.

This profit figure does not include an exceptional item of ₹68 crore related to an estimated loss from a fire incident at the Fujairah Liquid Terminal, ₹5 crore (after tax adjustments) for employee expenses due to the new Labour Code, and an unrealized forex loss of ₹43 crore (after tax adjustments).

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Revenue for the quarter increased by 18.6%, reaching ₹1,522.3 crore compared to ₹1,283.2 crore the previous year. EBITDA rose by 19.9% year-on-year to ₹768.8 crore, compared to ₹641 crore in the same period last year, with an EBITDA margin of 50.5%, up from 50% a year prior.

Cargo handling volumes during the quarter totaled 31.6 million tonnes, a 1% increase from the previous year. This growth was driven by increased volumes at South West Port, Dharamtar Port, and Jaigarh Port, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.

JSW Infrastructure Ltd shares closed at ₹323.60, experiencing a slight decline of ₹0.15, or 0.046%, on the BSE.

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