JSW Infrastructure's arm to acquire 50% plus 1 shares of PNP Maritime for Rs 270 crore

JSW Infra subsidiary JSW Dharamtar Port entered into share purchase agreement for acquiring 50 percent plus 1 shares of PNP Maritime from SP Port Maintenance.

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26 Aug, 2025 12:21

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JSW Infrastructure announced its subsidiary is planning to acquire PNP Maritime for Rs 270 crore from SP Port Maintenance.

JSW Dharamtar Port, subsidiary of JSW Infrastructure entered into share purchase agreement for acquiring 50 percent plus 1 shares of PNP Maritime from SP Port Maintenance.

PNP Port is operating multi-purpose jetties at Shahabad in the Raigad district of Maharashtra. The port has a current capacity of 5 million tonnes per annum (MTPA) and can expand it to 19MTPA.

As of March 2023, the PNP Port has a revenue of Rs 211.63 crore. “ PNP port is expected to strengthen JSW Infrastructure’s position to provide Hub & Spoke model services to customers, thereby saving substantially in the logistics costs”, the company said in their press release.

The company in their regulatory filing said after the transaction, PNP Maritime Services will become a step-down subsidiary of the company. The company has 15 days to complete the transaction

In its September quarterly results, JSW Infrastructure reported an 85 percent YoY rise in consolidated profit to Rs 255.87 crore. Its revenues increased to Rs Rs 895.48 crore over Rs 696.51 crore in the previous fiscal year.

On December 4, shares of JSW Infrastructure closed 0.84 percent down at Rs 218. In the last 6 months, shares of JSW Infrastructure gained 38.59 percent.

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