JSW Infrastructure Secures Investment Grade Rating

• JSW Infrastructure has been assigned “BBB-” rating by S&P Global

• JSW Infrastructure is among the very few companies in India’s infrastructure and capital-intensive sector to achieve an Investment-Grade rating

• S&P’s rating reflects JSWIL’s unique positioning in India’s dynamic port sector, supported by resilient cash flows and a healthy balance sheet that provides a strong foundation for future expansion

JSW Infrastructure Limited, a part of the JSW Group and India’s second-largest private commercial port operator, is proud to announce that it has been assigned an Investment Grade rating (“BBB-“ Outlook: Stable) by S&P Global Ratings. This significant milestone underscores the company’s strong financial position, robust business model, and commitment to prudent financial management.

The rating reflects JSW Infrastructure’s strong business fundamentals, robust cash flows, and prudent financial management. It also underscores the company’s strategic focus on sustainable growth, operational efficiency, and maintaining a healthy capital structure.

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.

Mr. Lalit Singhvi, Whole-time Director and Chief Financial Officer of JSW Infrastructure, added, “This milestone is more than a rating—it is a testament to the trust we have built through prudent financial management and transparent practices. 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.”

Growth Strategy

The Investment Grade rating is expected to lower the Company’s cost of capital, broaden its access to international debt markets and support its ambitious growth plans in the port and logistics sector.

As previously announced, the Company has embarked on a growth plan to increase its cargo handling capacity to 400 million tonnes per annum (MTPA) by FY 2030 or earlier, up from the current capacity of 177 MTPA. To achieve this, it has outlined a comprehensive capital expenditure (capex) plan of ₹30,000 crores.

Additionally, the Company has earmarked ₹9,000 crores for expanding its logistics segment. This expansion aims to build on the Navkar acquisition to develop a robust pan-India logistics network. With a strong balance sheet, the Company is well-positioned to pursue both organic and inorganic growth without compromising its leverage ratios.