JSW Infrastructure Ltd, a private port operator, has earmarked about ₹6,000 crore for acquiring strategic assets, with an aim to bolster its presence in an industry dominated by the Adani group. The firm is exploring a stake acquisition in a government-owned port slated for privatization, a senior executive of the company said.
Arun Maheshwari, joint managing director and chief executive of JSW Infra, said the company has one of the strongest balance sheets in the ports sector and the headroom is good enough to expand aggressively, as long as the opportunity is value accretive. "Today, our net debt/Ebitda is virtually zero and with the kind of Ebitda we have, I can safely spend ₹5,000-6,000 crore without blinking," he said. Ebitda is earnings before interest, taxes, depreciation and amortization.
Diese Geschichte stammt aus der February 06, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der February 06, 2024-Ausgabe von Mint Mumbai.
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