JSW Dharamtar Port signs share purchase agreement for acquisition of equity in PNP Port

JSW Dharamtar Port Private Limited, a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL), has signed a share purchase agreement to purchase 50 per cent plus one shares of PNP Maritime Services Private Limited (PNP Port) from SP Port Maintenance Private Limited (a Shapoorji Pallonji Group company). The acquisition cost is Rs 2.7 billion. JSWIL plans to upgrade the PNP Port facilities and expand its capacity from current 5 million tonnes per annum (mtpa) to 19 mtpa in a phased manner.