JSW Infrastructure surges on receiving LoI from Jawaharlal Nehru Port Authority
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JSW Infrastructure is currently trading at Rs. 239.50, up by 6.60 points or 2.83% from its previous closing of Rs. 232.90 on the BSE.
The scrip opened at Rs. 234.95 and has touched a high and low of Rs. 244.00 and Rs. 234.25 respectively. So far 455046 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. 244.00 and Rs. 211.45 respectively. The current market cap of the company is Rs. 50505.04 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 received 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 (JN) Port through Public Private Partnership (PPP) Mode.’
The terms and conditions awarded will be as per the draft Concession Agreement and its amendments submitted along with the bid, which is to be signed within 30 days of the issue to Letter of Intent.
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.
