JSW Steel vice-chairman and MD Sajjan Jindal has lined up over Rs 50,000 crore of capital expenditure for the decade and as part of his long term plans, infrastructure would be a key pillar of growth.

JSW Infrastructure and Logistics is all set to revive its IPO plans to raise up to Rs 1000 crore as part of its long term expansion plans. 

"We are on a continuous evaluation mode. There will be internal accruals and we will take call as we get into next phase. We will go for an IPO,” said Capt B V J K Sharma, CEO of JSW Group.

The proceeds of IPO would be used to part fund a Rs 2,000 crore capex set for next two-three years. The money would be spent on setting up roads, ports, railways lines and rig cum ship repair yards.

The company is also aggressively expanding beyond the group aiming to increase revenues from outside of group from 20 per cent at present to 50 per cent in next few years.

Moreover, the company will soon commission its new port in Jaigarh, Maharashtra. Sharma said the port would cater to the group’s proposed power plant in the region and also services to sugar, edible oil and fertiliser units of Maharashtra and Karnataka. 

The IPO is just an initial step for JSW Infrastructure, as Sajjan Jindal in fact wants the company to not only continue to facilitate in cutting cost but also help transform the group from being a steel major into a larger infrastructure conglomerate.