JSW Infrastructure surges as its arm acquires 100% stake in Marine Oil Terminal Corp
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JSW Infrastructure is currently trading at Rs. 227.80, up by 2.95 points or 1.31% from its previous closing of Rs. 224.85 on the BSE.
The scrip opened at Rs. 225.80 and has touched a high and low of Rs. 229.00 and Rs. 225.80 respectively. So far 95541 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 247.40 on 07-Dec-2023 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. 242.45 and Rs. 219.95 respectively. The current market cap of the company is Rs. 47218.54 crore.
The promoters holding in the company stood at 85.61%, while Institutions and Non-Institutions held 7.77% and 6.61% respectively.
JSW Infrastructure’s wholly owned subsidiary -- JSW Terminal (Middle East) FZE has acquired 100% stake in Marine Oil Terminal Corp. Consequent to the completion of the said acquisition, Marine Oil Terminal Corp has become the step-down subsidiary of the Company.
The company has vision to expand its cargo handling capacity and cargo volume/ throughput in all types of cargoes including liquid & container. Considering the same, the liquid storage terminal at Fujairah would help the Company to achieve its growth & expand its footprint in liquid cargo.
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.
