Mumbai: JSW Infrastructure Limited, a part of the JSW Group and India’s second-largest private commercial port operator, announced that Fitch Ratings has upgraded its credit rating to ‘BBB-’ from ‘BB+’, marking a significant milestone as JSWIL enters the investment grade category. The outlook assigned by Fitch is Stable. This follows the recent announcement by S&P Global Ratings, which also assigned JSW Infrastructure an investment grade rating of ‘BBB-’ with a Stable Outlook, further affirming the company’s solid financial standing and resilient business fundamentals.
Separately, Moody’s Ratings has affirmed JSW Infrastructure’s Corporate Family Rating (CFR) and Senior Secured Bond Rating at ‘Ba1’, while upgrading the outlook to Positive from Stable, reflecting growing confidence in the company’s strategic direction and operational resilience. These upgrades across global rating agencies underscore JSW Infrastructure’s commitment to prudent financial management, sustainable growth and its pivotal
role in India’s port and logistics sector. Importantly, JSW Infrastructure joins an exclusive set of companies in India’s infrastructure space, particularly within the capital-intensive port and logistics sector, in achieving an investment-grade rating—reinforcing its market leadership and strong financial foundation.
Lalit Singhvi, Whole-time Director and Chief Financial Officer of JSW Infrastructure, added: “The investment grade ratings from Fitch and S&P, along with Moody’s upgrade of our outlook to Positive, are strong validations of JSW Infrastructure’s financial strength,strategic focus and long-term vision. It empowers us to pursue our ambitious growth agenda with confidence, leveraging global capital efficiently while maintaining a strong balance sheet. It also reinforces investor confidence in JSW Infrastructure’s resilience and long-term vision, enabling us to deliver sustainable value to all stakeholders.”
About JSW Infrastructure Limited:
JSW Infrastructure Limited, a key entity of the JSW Group, is India’s second‐largest private commercial port operator, renowned for its environmentally sustainable seaports and terminals. The Company operates twelve strategically located port concessions along India’s west and east coasts, complemented by an international presence with a 465,000 cubic‐ meter liquid tank storage terminal in Fujairah, UAE. JSW Infrastructure’s ports and terminals are equipped to handle a diverse range of cargo and accommodate vessels up to Cape size, with highly mechanized systems ensuring swift turnaround times and optimal resource utilization. The strategic positioning of these facilities has made JSW Infrastructure a preferred choice for its growing customer base. Leveraging locational advantages and
efficient asset utilization, the company has significantly diversified its cargo mix. Looking ahead, JSW Infrastructure is on track to expand its total cargo‐handling capacity to 400 million tonnes per annum (MTPA) by 2030 or earlier. Further, the recent acquisition of Navkar Corp is the first step toward offering last‐mile connectivity and end‐to‐end logistics solutions to its customers. Aligned with international standards, JSW Infrastructure is dedicated to enhancing its ESG performance across its operational ecosystem, reinforcing its commitment to sustainability.
