JSW Infra Eyes ₹8,000cr Revenue for Logistics Biz by FY30
In a bid to expand its logistics business, JSW Infra, a leading infrastructure company, has set its sights on achieving a revenue of ₹8,000 crore by the financial year 2030 (FY30). The company has also announced plans to invest ₹9,000 crore in the next five years to scale up its logistics segment.
As part of its ambitious plans, JSW Infra aims to increase its cargo handling capacity to 400 million tonnes per annum (mtpa) by FY2030 or earlier, up from the current capacity of 177 mtpa. This significant expansion will enable the company to cater to the growing demand for logistics services in the country.
The company’s decision to invest heavily in its logistics business is a strategic move, driven by the growing importance of this sector in India’s economy. The Indian logistics market is expected to grow at a compound annual growth rate (CAGR) of 10-12% over the next five years, driven by factors such as increasing e-commerce transactions, growing trade volumes, and government initiatives to improve infrastructure.
JSW Infra’s logistics business has been growing steadily over the years, with a significant increase in cargo handling capacity and revenue. In FY2020, the company’s logistics business generated revenue of ₹2,500 crore, which is expected to grow to ₹8,000 crore by FY2030.
The company’s expansion plans in the logistics sector are expected to create a significant number of employment opportunities, both directly and indirectly. JSW Infra has already set up a number of logistics parks and terminals across the country, and plans to establish more in the coming years.
JSW Infra’s logistics business is diversified across various segments, including container freight stations, inland container depots, and warehousing facilities. The company has also established a robust network of transportation services, including rail, road, and sea connectivity.
The company’s focus on logistics is part of its overall strategy to diversify its revenue streams and reduce its dependence on a single business segment. JSW Infra has a strong presence in the infrastructure sector, with a diverse portfolio of businesses including ports, power, and urban infrastructure.
In recent years, the company has made significant investments in its logistics business, including the acquisition of a 50% stake in the Chennai-based container freight station, Gateway Distriparks Ltd. The company has also set up a number of logistics parks and terminals across the country, including the JSW Infra Logistics Park at JNPT, Maharashtra.
JSW Infra’s logistics business is expected to benefit from the growing importance of this sector in India’s economy. The Indian government has launched a number of initiatives to improve the logistics sector, including the development of the national logistics policy and the creation of a logistics and warehousing infrastructure fund.
The company’s expansion plans in the logistics sector are also expected to benefit from the growing demand for e-commerce services in the country. The Indian e-commerce market is expected to grow at a CAGR of 25-30% over the next five years, driven by factors such as increasing internet penetration, growing demand for online shopping, and government initiatives to promote e-commerce.
In conclusion, JSW Infra’s decision to invest heavily in its logistics business is a strategic move, driven by the growing importance of this sector in India’s economy. The company’s plans to increase its cargo handling capacity to 400 mtpa by FY2030 or earlier, and achieve a revenue of ₹8,000 crore from its logistics business, are ambitious and achievable. The company’s focus on logistics is expected to create a significant number of employment opportunities, both directly and indirectly, and drive growth in the Indian economy.
Source:
https://www.logisticsoutlook.com/business/jsw-infra-eyes-%e2%82%b98000cr-logistics
