JSW Infrastructure has received Letter of Intent (LoI) from Maharashtra Maritime Board (MMB) for Development, Operation, Management and Maintenance of an All Weather and Multipurpose Port at village Murbe in Palghar District of Maharashtra on Public Private Partnership (PPP) basis - Design, Built, Own, Operate and Transfer (DBOOT) Model.
The LoI is valid for 24 months, which is subject to fulfillment of the terms and condition stipulated therein. On meeting the terms & condition as stipulated in the LoI, MMB to enter into Concession Agreement (CA) for the said Project. The CA will be valid 70 years.
JSW Infrastructure is part of the JSW Group, a multinational conglomerate with an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital, and sports.
