JSW Infra has sufficient cash flows to fund future expansion: JSW Infra Joint MD & CEO Arun Maheshwari

 1. https://youtube.com/shorts/tE2z5YNFi4c?si=NIQBJlD5xufZPcBt

2. https://youtu.be/nXV9kSXPzuM?si=50Gys08WXM6LYp1H

  • JSW Infra has sufficient cash flows to fund future expansion: JSW Infra Joint MD & CEO Arun Maheshwari
    • "Thermal energy consumption in India will peak by 2050, despite the push for green energy. This leaves a good two to three decades for coal demand to grow in India
    • The way India is growing and offering opportunities for growth is amazing. I think we are well positioned in this sector in the country.
    • Our internal cash generation is also quite strong. The kinds of projects we are taking on and what we envisage as our future strategy will be sufficiently covered by our internal cash flows and the money that we are raising now.
    • Everybody can create assets, and we would encourage more players to set up shop. If the economy has to go from $4 trillion to $10 trillion, we need more players in this sector.
    • There is enough (for everyone) and everyone can grow very, very robustly in this sector."
  • JSW Infra has sufficient cash flows to fund future expansion plans and that it is comfortable with a net debt of around Rs 2,000 crore
    • Announced its IPO  to raise up to ₹2,800 crore
    • This will be the third public listing from the JSW Group, 13 years after JSW Energy
  • It reported a profit after tax (PAT) of ₹750 crore at the end of FY23 with a topline of ₹3,195 crore, while it reported earnings before interest, taxes, depreciation, and amortization (Ebitda) margin of 53%.
  • JSW infrastructure 
    • is India’s second largest port operator in terms of cargo handling capacity as of FY23
    • JSW Infrastructure is a port-related infrastructure company which received initial cargo from the JSW Group as an anchor customer
      • As of June 30, 2023, the company’s installed cargo handling capacity was 158.43 million tonnes per annum. The company provides maritime-related services including, cargo handling, storage solutions, logistics services and other value-added services to its customers
      • Its total debt as of June 2023 is at ₹4,228 crore.
      • Nine ports in India, 2 abroad
      • The company expanded from one port in Mormugao in 2002 to nine ports as of June, 2023. Its ports are present in Maharashtra, Goa, Karnataka on the west coast, and Odisha and Tamil Nadu on the east coast.
      • It also operates two port terminals under operations & maintenance agreements in Fujairah Terminal and Dibba Port in the UAE. It also plans to expand its operations through brownfield and greenfield projects.
      • In addition to partnering with JSW Group Customers, to pursue its growth strategies, the company has diversified its customer base to include third-party customers across geographies and has expanded its cargo mix by leveraging its locational advantage and maximising asset utilisation
    • The objects of the issue are 
      • to prepay or repay ₹880 crore of its outstanding borrowings; finance capital expenditure requirements amounting to ₹865.75 crore for an LPG Terminal Project, ₹59.4 crore for setting up an electric sub-station, ₹103.88 crore for the purchase and installation of a dredger and finance ₹151.04 crore for the proposed expansion at Mangalore Container Terminal besides general corporate purposes

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