JSW Infrastructure gains on getting LoA for developing berths at Netaji Subhas Dock in Kolkata
JSW Infrastructure is currently trading at Rs 307.75, up by 2.55 points or 0.84% from its previous closing of Rs 305.20 on the BSE.
The scrip opened at Rs 310.95 and has touched a high and low of Rs 312.00 and Rs 307.15 respectively. So far 60503 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 358.45 on 08-Jul-2024 and a 52-week low of Rs 218.10 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs 315.00 and Rs 301.15 respectively. The current market cap of the company is Rs 64795.55 crore.
The promoters holding in the company stood at 85.62%, while Institutions and Non-Institutions held 7.45% and 6.93% respectively.
JSW Infrastructure has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Authority for the reconstruction of Berth 8 and mechanization of Berths 7 and 8 at Netaji Subhas Dock, Kolkata. The project, awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the PPP model, is aimed at enhancing container handling capacity at the port.
The project comes with a 30?year concession period and aligns with JSW Infrastructure’s strategy to expand its terminal portfolio under the Government’s port privatization initiative. With an estimated capex of Rs 740 crore and a construction timeline of two years, the Company will also be able to commence operations during the construction phase, leveraging Kolkata City’s steady cargo volumes. Post?completion, the project is expected to significantly enhance both capacity and operational efficiency.
The development marks a key milestone in JSW Infrastructure’s strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the Company strengthens its container operations across both eastern and western coasts. On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs which is being expanded to 0.35 million TEUs. The Kolkata project brings the Company’s total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India’s port container sector.
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.
