JSW Infra to Form JSW Port Logistics with Authorized Capital of 10,000 Shares
JSW Infra one of the country’s top infrastructure builders, formed the new incorporation called JSW Port Logistics with authorized Capital of 10,000 Shares.
by Damodharan N
Updated Jun 21, 2024
Table of Content
JSW Infrastructure Limited has announced the formation of a wholly-owned subsidiary named JSW Port Logistics Private Limited. The newly incorporated entity, with an authorized capital of 10,000 equity shares valued at Rs. 10 each, will operate in the Infrastructure & Logistics industry.
JSW Port Logistics, headquartered at Jindal Mansion in Mumbai, Maharashtra, India, aims to expand into logistics infrastructure facilities, warehousing, container freight stations, and related sectors. The subsidiary, incorporated on June 19, 2024, under the Companies Act, 2013, is set to begin operations soon, with an initial capital subscription totaling Rs. 1,00,000 through cash investment.
This strategic move by JSW Infrastructure reflects its ongoing efforts to diversify and enhance its footprint in the logistics sector, aligning with broader expansion plans.
Read the full communique here
JSW Infra
JSW Infrastructure has rapidly emerged as a leader in India's port-related infrastructure sector with an impressive installed capacity of 170 MPTA across its ports and terminals, the company is focused on maintaining excellence and efficiency in its operations.
This commitment is underscored by JSW Infra's strategic initiatives, including ongoing expansions at Non-Major Ports and targeted acquisitions within similar sectors. By diversifying its revenue streams and expanding its third-party customer base, JSW Infra aims to further strengthen its market position while prioritizing sustainable practices and environmental stewardship.
Key assets under JSW Infrastructure's management include South West Port in Goa, Jaigarh Port and Dharamtar Port in Maharashtra, and Paradip Terminal Private Limited in Odisha. These facilities play pivotal roles in the company's ability to handle diverse cargo types and support regional economic growth.
Internationally, JSW Infra extends its footprint through operations in Fujairah, UAE, alongside strategic partnerships through entities like PNP Maritime Services Private Limited and JSW Middle East Liquid Terminal Corp.
JSW Port Logistics
JSW Port Logistics, a newly established subsidiary of JSW Infrastructure, was incorporated on June 19, 2024, under the Companies Act, 2013. Based in Maharashtra, India, the company operates as a private entity with the aim of expanding into logistics infrastructure sectors such as warehousing and container freight stations.
As of its inception, JSW Port Logistics has not yet initiated business operations, focusing instead on laying the groundwork for future activities within the logistics industry.
JSW Infra to Form JSW Port Logistics with Authorized Capital of 10,000 Shares - FAQs
1. What is JSW Port Logistics?
JSW Port Logistics is a newly formed subsidiary of JSW Infrastructure, focused on expanding into logistics infrastructure sectors like warehousing and container freight stations.
2. When was JSW Port Logistics incorporated?
JSW Port Logistics was incorporated on June 19, 2024, under the Companies Act, 2013.
3. Where is JSW Port Logistics headquartered?
JSW Port Logistics is headquartered at Jindal Mansion in Mumbai, Maharashtra, India.
4. What is the authorized capital of JSW Port Logistics?
The authorized capital of JSW Port Logistics is 10,000 equity shares valued at Rs. 10 each.
5. When will JSW Port Logistics start operations?
As of now, JSW Port Logistics has not commenced business operations; it is currently preparing for future activities in the logistics industry.