JSW Infra Subsidiary South West Port Gets CARE AA Upgrade For Long-Term Facilities
Mumbai: JSW Infrastructure Limited's subsidiary, South West Port Limited, has seen an upgrade in its credit rating for long-term bank facilities. Care Ratings Limited revised the rating from CARE AA-; Stable to CARE AA; Stable for facilities worth ₹40 crore. The rating agency released its press statement on 22 September 2026. Rating Details Care Ratings reaffirmed the short-term bank facilities…
JSW Infrastructure Limited's subsidiary, South West Port Limited, has received an upgraded credit rating for its long-term bank facilities. Care Ratings Limited raised the rating from CARE AA-; Stable to CARE AA; Stable, covering facilities worth ₹40 crore. The rating agency issued this update on September 22, 2026.
The long-term rating upgrade signifies an enhanced credit profile for South West Port Limited, which was acquired by JSW Group in 2002 and integrated into JSW Infrastructure in 2010. The port operates two bulk cargo berths at the Mormugao Port Authority in Goa, with an installed capacity of 8.5 million tonnes per annum. This port provides vital logistical support to JSW Steel Limited's facility in Karnataka.
As JSW Infrastructure reaffirmed its own issuer rating at CARE AA+; Stable / CARE A1+ on the same date, the credit rating upgrade reflects the subsidiary's improved financial position. JSW Infrastructure, India's second-largest commercial port operator, completed a qualified institutional placement (QIP) of ₹7,503 crore in June 2026, including ₹6,555 crore for capacity expansion and debt reduction.
Despite a 9.89% decline in consolidated net profit for the quarter ended June 2026, revenue for the same period rose by 14.31% to ₹1,501.63 crore. The company aims to expand its total operational capacity from 183 MTPA in FY26 to 400 MTPA by 2030, with estimated capital expenditures of ₹13,500-₹14,000 crore for fiscal years 2026-2028.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
