JSW Infrastructure Acquires Navkar, Forays into Logistics SectorJSW Infrastructure Acquires Navkar, Forays into Logistics Sector JSW Infrastructure has acquired a 70.3% stake in Navkar Corporation, marking its entry into the logistics industry. The acquisition, valued at ₹1,644 crore, will be followed by an open offer under takeover regulations. Navkar Corporation operates three container freight stations, including the Gati Shakti Cargo Terminal in Panvel, and an inland container depot in Morbi. It also holds licenses for operating Category 1 and Category 2 container trains and has established a presence in Maharashtra and Gujarat. JSW Infrastructure aims to leverage the acquisition to offer enhanced port connectivity and streamlined supply chain solutions. It will also gain access to 283 hectares of land in the Mumbai Metropolitan Region. The acquisition was executed through JSW Port Logistics, a wholly-owned subsidiary. JSW Infrastructure plans to build a nationwide logistics network for last-mile connectivity, aligning with India’s growing economic fundamentals. JSW Infra owns ports with a total capacity of 170 million tonnes and plans to increase it to 258 tonnes by FY27 and 400 tonnes by FY30.
JSW Infrastructure will acquire 70.3 per cent stake in Navkar Corporation at an enterprise value of ₹1,644 crore, facilitating its foray into the logistics sector.
This acquisition will be followed by an open offer, according to takeover rules, JWS Infrastructure said
Navkar Corp three container freight stations and Gati Shakti Cargo Terminal at Panvel near Mumbai and an inland container depot at Morbi, Gujarat, which is part of the multi-modal logistics park. It is also licensed as an operator of Category 1 and Category 2 container trains and has established a foothold in the industrial belt of western India, across Maharashtra and Gujarat, and has leveraged its rail capacity to expand its service network across India to expand.
“The acquisition is in line with the company’s strategy to pursue value-added organic and inorganic opportunities in the ports and related infrastructure sector,” JSW Infrastructure said, adding that this will result in its foray into logistics and other value-added services . “It will enable the company to offer enhanced port connectivity and streamlined supply chain solutions to its customers.” It will also have access to 283 hectares of land bank in the Mumbai Metropolitan Region.
The acquisition will be executed by its wholly owned subsidiary JSW Port Logistics and will take over the stake of Navkar’s promoter group.
The company said the acquisition marked a first step in its long-term vision of building and scaling an efficient pan-India logistics network for last-mile connectivity. It complemented the growth strategy to increase the share of port-related container freight, driven by India’s strong economic fundamentals.
JSW Infra owns ports with a total annual operating capacity of 170 million tonnes. On the west coast it has three ports and three terminals. It has four terminals on the east coast. By FY27, it plans to take its total capacity to 258 tonnes and to 400 tonnes by FY30
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