JNPT Authority Achieves Record ₹426 Crore Revenue from SEZ Plot Auction
The Jawaharlal Nehru Port Authority (JNPA) has hit a major milestone in real estate development, earning ₹426 crore through an electronic auction of 14 SEZ plots covering 42 hectares in Uran Taluka, Raigad district. This third-phase leasing marks a total 101 hectares leased out across seven phases, sparking optimism for Maharashtra’s logistics and manufacturing sectors.
Strategic Expansion and High-Value Bids
The winning bids went beyond reserved prices by 63%, with big names like Welspun One and Fine Organics grabbing plots. The auction for 57 acres in Phase VII (including co-developer plots) drew 21 bidders, showing strong interest in port-linked industrial zones. Key auction features include:
- Plot sizes: Ranges from 3,410 sqm to 57,898 sqm to meet various industrial needs
- Revenue boost: Earnings exceeded reserve prices by 95.23%, showing investor confidence
- Co-developer plots: Promoting mixed-use projects commercial and residential infrastructure development
Aligning with National and Regional Goals
JNPA’s SEZ strategy fits with the Sagarmala initiative, which aims to boost exports through port-led industrialization. The leased plots support goals such as:
- Job creation: New infrastructure for manufacturing/export units boost new job opportunities
- Logistics improvement: Close to JNPT’s expanded container handling capacity (10.4 million TEUs by April 2024)
- Eco-friendly infrastructure: MoUs for shore power installations reducing maritime emissions
Future-Proofing Infrastructure
Concurrent advancements include JNPT’s landlord port model, moving toward privately operated terminals while keeping regulatory oversight. Recent partnerships include:
| Initiative | Partner | Objective |
|---|---|---|
| Infrastructure loans | Vadhvan Port & REC | Financing port-linked projects |
| Shore power systems | Gateway Terminals India | Reduce vessel carbon emissions |
Combining private-sector efficiency and JNPA’s eco-friendly infrastructure promises to make Raigad a regional logistics hub, with the SEZ as a key industrial center.