JSW Infrastructure gets LOI to set up Inland Container Depot in Karnataka's Ballari

Sajjan Jindal-promoted JSW Infrastructure Ltd on Friday said its wholly owned subsidiary JSW Port Logistics has received a Letter of Intent to set up an Inland Container Depot at Kudathini in Ballari district, Karnataka. The Inland Container Depot will handle import and export cargo and is required to be operational within one year from the date of issue of the Letter of Intent.
The Letter of Intent was issued by the Inter-Ministerial Committee of the Ministry of Finance's Department of Revenue and the Central Board of Indirect Taxes and Customs. The company was informed about the grant of the Letter of Intent through an email on September 10 at around 8 PM.

The proposed facility will be the first Inland Container Depot in the Ballari region. JSW Port Logistics had also commenced interim operations at the rail siding in March 2026. The Inland Container Depot is to be set up within one year from the date of issue of the LOI, subject to the terms and conditions specified in the letter.
The order is from a domestic entity, and the company said the promoter, promoter group and group companies have no interest in the entity awarding the LOI. First Quarter ResultsJSW Infrastructure said that its revenue from operations rose 18.1% to ₹1,444.8 crore from ₹1,223.8 crore a year earlier.

EBITDA also increased 15.9% to ₹673.7 crore, while the EBITDA margin narrowed to 46.6% from 47.5% in the corresponding quarter last year. It said the increase was primarily driven by Jaigarh Port, supported by higher anchor customer volumes and increased third-party cargo throughput from newer cargo segments.
The growth was further aided by improved performance at Dharamtar Port, South West Port and Ennore Bulk Terminal, along with contributions from interim operations at the Tuticorin Terminal. However, lower volumes at the Fujairah Liquid Terminal, owing to a challenging operating environment in West Asia, partly offset the gains.

Operational revenue from the ports business increased 11% year-on-year to ₹1,208 crore. Shares of JSW Infrastructure Ltd ended at ₹343.05, up by ₹0.50, or 0.15%, on the BSE.