JSW Infra has announced plans to maintain a debt to EBITDA ratio of 2.5 in the coming years. The company, which recently had a successful IPO, is already virtually debt-free due to the cash generated from the IPO. It plans to use the proceeds for growth prospects such as the modernization of a container terminal and the development of greenfield ports. The revenue potential from these acquisitions is still unknown, as bidding is still ongoing. JSW Infra aims to maintain its debt levels while expanding its capacity based on successful bids and acquisitions.
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