JSW Infrastructure shines on incorporating wholly owned subsidiary
JSW Infrastructure is currently trading at Rs. 234.20, up by 19.15 points or 8.90% from its previous closing of Rs. 215.05 on the BSE.
The scrip opened at Rs. 213.85 and has touched a high and low of Rs. 235.00 and Rs. 211.55 respectively. So far 306511 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 276.00 on 26-Feb-2024 and a 52 week low of Rs. 141.75 on 03-Oct-2023.
Last one week high and low of the scrip stood at Rs. 257.80 and Rs. 211.55 respectively. The current market cap of the company is Rs. 48426.04 crore.
The promoters holding in the company stood at 85.61%, while Institutions and Non-Institutions held 6.50% and 7.89% respectively.
JSW Infrastructure has incorporated a wholly owned subsidiary namely JSW JNPT Liquid Terminal on March 13, 2024. The company has received a Letter of Intent (LOI) from Jawaharlal Nehru Port Authority for Equipping, Operation, Maintenance and Transfer of Additional Liquid Cargo Berths LB3 and LB4 at Jawaharlal Nehru Port. The terms of said LOI requires incorporation of a Special Purpose Vehicle to enter into a concession agreement within 30 days of the issue of LOI. Accordingly, the company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfill the obligations as stated in the said agreement.
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.
