JSW Infrastructure arm signs agreement to develop captive jetty in Odisha

Sajjan Jindal-promoted JSW Infrastructure Ltd on Tuesday (July 7) said its wholly owned subsidiary, JSW Jatadhar Marine Services Private Ltd, has signed a novation agreement with JSW Utkal Steel Ltd for the development of a captive jetty at Jatadhar Muhan in Jagatsinghpur district, Odisha.

JSW Utkal had applied to the Government of Odisha on June 26, 2025, seeking approval to novate the concession agreement for the project in favour of JSW Jatadhar Marine Services.

The project involves the development of the captive jetty under the Build, Own, Operate, Share and Transfer (BOOST) model. The Government of Odisha approved the novation of the concession agreement in favour of JSW Jatadhar Marine Services on June 18, 2026.

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Following the approval, JSW Utkal Steel and JSW Jatadhar Marine Services executed the novation agreement on July 7, 2026, for implementation of the project. JSW Infrastructure said it was informed about the execution of the agreement through an email received on July 7, 2026.

Fourth Quarter Results

JSW Infrastructure Ltd reported a 17.9% year-on-year decline in net profit for the fourth quarter at ₹418.3 crore, compared with ₹509.4 crore in the corresponding period last year.

The company said the profit figure is before considering an exceptional item of ₹68 crore related to an estimated loss from a fire incident at the Fujairah Liquid Terminal, ₹5 crore (adjusted for tax) towards employee costs arising from the implementation of the new Labour Code, and an unrealised forex loss of ₹43 crore (adjusted for tax).

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Revenue for the quarter rose 18.6% to ₹1,522.3 crore from ₹1,283.2 crore a year earlier. EBITDA increased 19.9% year-on-year to ₹768.8 crore against ₹641 crore in the year-ago period. EBITDA margin stood at 50.5% for the quarter, compared with 50% in the corresponding quarter last year.

Cargo handled volumes during the quarter stood at 31.6 million tonnes, up 1% from a year ago. The growth was driven by higher volumes at South West Port, Dharamtar Port and Jaigarh Port due to increased cargo from anchor customers, along with contributions from interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal.

Shares of JSW Infrastructure Ltd ended at ₹323.60, down by ₹0.15, or 0.046%, on the BSE.

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