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JSW Group bets on port sector; plans to increase port capacity by 200 mt

JSW Group is planning to increase its capacity to 200 mt from just 33 mt by the next five years. The company is eyeing around Rs. 500 crore EBITDA from ports operations this fiscal.

June 29, 2015 12:54 IST | India Infoline News Service
JSW Group is planning to increase its  capacity to 200 mt from just 33 mt by the next five years, says report.

The industry is open for acquisition to implement and achieve this target.

"We will either build or acquire. Everything right now is work in progress," Sajjan Jindal, Chairman, Jindal group, was quoted as saying.

A report says that the group is also developing a terminal in Paradip Port in Odisha.

The company is eyeing around Rs. 500 crore EBITDA from ports operations this fiscal, the report added.

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