JITF INFRALOGISTICS LIMITED: ANNUAL REPORT 2023-24


JITF INFRALOGISTICS LIMITED: ANNUAL REPORT 2023-24

Company’s business is to carry out infrastructure businesses through its subsidiaries and step down subsidiaries. 

The infrastructure businesses include (a) Municipal Solid Waste management and Waste to Energy business which is being carried out by various SPVs under JITF Urban Infrastructure Limited; (b) Rail wagon fabrication and manufacturing business being carried out by Jindal Rail Infrastructure Limited and (c) Water and Waste Water EPC business being carried out by JWIL Infra Limited.

JITF Infralogistics Limited is the holding company for infrastructure business which is consisting of Water and waste water management business, Municipal Solid Waste management and Waste to Energy business, and Rail wagon fabrication and manufacturing business.

REVIEW OF OPERATIONS 

  • During the Financial Year, the Company achieved Gross Revenue of Rs.320.81 lacs as against Rs 285.72 lacs achieved during the previous year. 
  • The net profit after tax for the Financial Year is Rs. 17.19 lacs as compared to Rs.19.28 lacs in the previous year. 
  • Company’s step-down subsidiary i.e. JWIL Infra Limited (“JWIL”) - During the Financial Year 2023-24, JWIL recorded Operations Revenue of Rs. 2,164.25 Crores as against previous Financial Year Operations Revenue of Rs. 940.44 Crores, witnessing a growth of about 130% over previous year. 
    • The Company has achieved EBIDTA, PBT and PAT of Rs 195.01 Crores, Rs. 160.22 Crores and Rs. 114.16 Crores respectively as against Rs. 83.58 Crores, Rs. 59.94 Crores and Rs. 42.84 Crores in previous FY 2022-23. 
    • JWIL have also been able to maintain and improve Profitability marginally with various cost saving initiatives. 
    • The Company is focused on Digitalization of processes along with operational efficiency and has taken various steps to achieve the same. 
    • As a company, JWIL is doing selective bidding for new projects, based on parameters laid down by the Board in this respect. 
    • During the FY 2023-24, JWIL has been awarded orders worth Rs. 1,805 Crores to cater drinking water supply requirements. 
    • After considering orders received during FY 2023-24, JWIL closing Order book as on 31st March 2024 stood for more than Rs. 4000 crores. 
    • During the coming Financial Year 2024-25, JWIL is targeting to complete five projects, namely Chhitakhudari, Byarma, Patyora, Guwahati C1 and Guwahati C3. 
  • JITF Urban Infrastructure Limited (“JUIL”) is the largest WtE developer in India with portfolio of about 111 MW having a robust footing in Indian Waste to Energy and Waste Management space with more than 12 years of experience, poised to be the leader in this sector in the country. 
    • During the Financial Year 2023-24, JUIL sustained a strong performance and achieved a revenue of Rs. 368.91 Crores against Rs. 280.57 Crores during FY 2022-23 at consolidated level. 
    • JUIL has created a niche in Indian Waste to Energy (WtE) segment with vast experience of successfully operating WTE Plant for more than 12 years in adherence of the emission norms set by the Pollution Control Board. Okhla WtE plant with capacity of 23 MW has generated a revenue of Rs. 69.40 crores during FY 2023-24. 
    • It has processed about 6,47,960 MT of MSW during FY 2023-24 and converted it into greener energy over 165.2 million units out of which about 141.5 million units were exported to the grid, compost over 988 tons and recyclables above 736 tons. 
    • On environment indices, this plant, since its inception, has prevented around 100 acres of land (considering Landfill height of 20 Meters) to get converted into Landfill and generation of above 10 million KL of leachate which would have contaminated the ground water by seepage. 
    • JUIL has 7 WtE operational and under-construction projects amounting to a total capacity of approx. 111 MW. Out of them, three projects located at Guntur and Visakhapatnam both in Andhra Pradesh and Tehkhand, New Delhi were commissioned in October’ 2021, February’ 2022 and January’ 2023 respectively. 
    • Guntur plant and Visakhapatnam plant generated a revenue of Rs.71.37 Crores and Rs. 56.27 Crores respectively during the FY 2023-24. Guntur plant is successfully generating power with PLF between 90% to 100% and exporting to the Grid. Guntur Plant has processed 3,19,392 MT of MSW and 51,609 MT of RDF during the FY 2023- 24 which was converted into green energy and generated 133.11 million units of power out of which about 115.46 million units was exported to grid. 
    • Guntur Plant has treated 50,5585 KL of leachate since August 2021 which would have otherwise caused contamination of Ground water and the treated water is being used for green belt development. 
    • Visakhapatnam plant has processed 3,31,424 MT of MSW and 99,102 MT of Refuse Derived Fuel during FY 2023-24 and converted it into greener energy over 122.985 million units out of which about 106.856 million units exported to the grid. 
    • It has also treated 23398 KL of leachate during the FY 2023-24. 
    • 15 MW Waste to Energy plant at Ahmedabad is in advanced stage of commissioning activities and is expected to achieve Commercial Operation by June 2024. JUIL will have the capacity of handling around 9000 MT of MSW per day on successful operation of all plants. In addition to these projects, JUIL has successfully bid for 30 MW Waste to Energy project at Narela-Bawana, New Delhi. 
    • The performance of all the plants has been remarkably good with plant stabilization, improved efficiency and high PLF since start of its operations.
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