September 07, 2008
JSW to rope in overseas partners for port and shipyard projects
It is reported that JSW group is in talks with overseas partners for its proposed port and shipyard projects.
Mr Sajjan Jindal vice chairman of JSW said that JSW Infrastructure which will build the port and the shipyard is holding discussions with a global leader on these two projects. He said the group would hold majority stakes in all the projects.
As per report, the port project needs USD 250 million while the shipyard project needs about USD 400 million.
JSW Infrastructure is a new company floated by the group and would handle all infrastructure related projects of the group. The company is already building a port in Goa, Kakinada and could be a candidate for a deep sea port in Bengal.
