Masad Infra Services Private Limited signs an agreement with KMB to develop a greenfield port in the state

The JSW Infrastructure Limited’s subsidiary company, Masad Infra Services Private Limited has recently signed an agreement with the Karnataka Maritime Board (KMB) to develop a greenfield port in the state. On November 16, 2023, JSW Infrastructure received a letter of award to develop a greenfield port at Keni Port in Karnataka on a public-private partnership basis for Rs 41.19 billion. The port is envisaged as an all-weather, greenfield, multi-cargo, direct berthing, deep-water commercial port for handling all types of cargoes on the west coast in the North Karnataka region to serve the industries in the area covering Bellary, Hosapete, Hubballi, Kalaburagi, and South Maharashtra. It is located strategically between two operational major ports viz. Mormugao Port in the north and New Mangalore Port in the south.