JSW Infra secures LoI for development of multipurpose port in Palghar, Maharashtra
Located near key highways and rail corridors, the Murbe port is expected to stimulate economic growth and create significant employment opportunities in the region.
JSW Infra secures LoI for development of multipurpose port in Palghar, Maharashtra
New Delhi: JSW Infrastructure Limited has received a Letter of Intent (LOI) from the Maharashtra Maritime Board (MMB) for the development, operation, management, and maintenance of an all-weather, multipurpose port at Murbe in Palghar District, Maharashtra. The project will be carried out under a Public-Private Partnership (PPP) on a Design, Build, Own, Operate, and Transfer (DBOOT) model.
The LOI is valid for 24 months, and provides “in principle” approval, with a Concession Agreement to follow upon fulfilling specific conditions. This project is part of JSW’s growth strategy, with the company targeting a capacity increase to 400 MTPA by FY2030.
Located near key highways and rail corridors, the Murbe port is expected to stimulate economic growth and create significant employment opportunities in the region.
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