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Anil Singhvi, Zee Business’s Managing Editor, has endorsed the IPO as a worthy long-term investment. JSW Infrastructure has raised Rs 1,260 crore ($17 million) from anchor investors. The company has designated Rs 880 crore ($12 million) of these funds to repay debt.
The company also plans to allocate funds towards several infrastructure projects. These include an LPG terminal project, an electric sub-station costing Rs 59.4 crore ($8 million), and the purchase of a dredger for Rs 103.88 crore ($14 million). Additionally, JSW Infrastructure has allocated Rs 865.75 crore ($116 million) and Rs 151.04 crore ($20 million) for the LPG terminal project and the Mangalore Container Terminal expansion respectively.
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