JSW Infrastructure shines on receiving LoA from Southern Railway, Chennai Division
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JSW Infrastructure is currently trading at Rs. 329.25, up by 10.20 points or 3.20% from its previous closing of Rs. 319.05 on the BSE.
The scrip opened at Rs. 335.55 and has touched a high and low of Rs. 336.00 and Rs. 325.50 respectively. So far 122423 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 336.00 on 28-Jun-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. 336.00 and Rs. 304.85 respectively. The current market cap of the company is Rs. 67000.55 crore.
The promoters holding in the company stood at 85.61%, while Institutions and Non-Institutions held 5.92% and 8.46% respectively.
JSW Infrastructure has received Letter of Acceptance (LoA) from Southern Railway, Chennai Division for Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT) at Arakkonam, Chennai, Tamil Nadu. This marks an additional stride towards the company’s long-term vision of building and scaling an efficient pan-India logistics network for last-mile connectivity.
The Company shall commence construction within 3 months of the grant of approval of construction, and complete construction within 18 months of the grant of approval of construction of GCT. The Railway land shall be licensed for a period of 35 years.
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.
