JSW Infrastructure plans to more than double port capacity by 2030, while Jefferies raised its price target to ₹400 and retained its Buy rating, NDTV Profit reported.
The outlet said on Oct. 23 that Jefferies lifted its target from ₹395. It also reported the brokerage expects annual earnings before interest, taxes, depreciation and amortization (EBITDA) growth above 30% from FY26 through FY30, then above 15% annually beyond FY30. NDTV Profit said Jefferies also pointed to higher port utilization, privatization plans and cargo growth as sources of opportunity. Using Business Standard’s ₹316 NSE quote for Oct. 23, the reported ₹400 target works out to a 26.6% premium.
In its August 2026 investor presentation, JSW Infrastructure put port capacity at 186 million tonnes per annum and set a goal of 400 million tonnes per annum by 2030. Its FY30 logistics targets are ₹8,000 crore in revenue and ₹2,000 crore in EBITDA. The company plans ₹9,000 crore in logistics capital spending from FY25 through FY30. Its presentation identifies brownfield expansion, greenfield ports and the government’s port privatization drive as parts of its growth strategy.
Ministry of Ports, Shipping and Waterways advance estimates show major ports handled 82.39 million tonnes of cargo in September, up 12.65% from a year earlier. Non-major ports handled 64.49 million tonnes, down 0.90%, bringing combined cargo to 146.88 million tonnes, up 6.27% year over year.
Separate Ministry of Commerce and Industry data put September merchandise exports at $44.40 billion and imports at $74.61 billion, compared with $36.08 billion and $69.08 billion a year earlier. The combined value of merchandise exports and imports rose about 13.2% year over year.
A company filing to BSE and NSE schedules a board meeting for Tuesday, Oct. 27, to consider unaudited standalone and consolidated results for the quarter and half year ended Sept. 30, 2026.
