Cargo Volumes Add To JSW Infra’s Growth
The JSW Group firm debuts this year as new ports and facilities add to a growing bottomline.
The JSW Group firm debuts this year as new ports and facilities add to a growing bottomline.
JSW Group plans to invest in cement plant, power plant, greenfield port and a steel plant in Odisha
JSW Group entered into a joint venture with China's SAIC Motor last year.
The state cabinet cabinet on Monday also gave a special incentive package for the conglomerate to establish plants in Naraj, Cuttack and Paradip.
The Middle East-based JSW Terminal acquires Marshall Island's Marine Oil Terminal, making it step-down unit of JSW Infra.
China's SAIC Motor and JSW joint venture will pursue the development of the electric vehicle (EV) ecosystem in India.
The largecap stock, which made its debut on October 3, 2023, rose 10% to touch a fresh all-time high of ₹188.75 on the BSE today.
Sajjan Jindal has steered JSW Steel through domestic and global headwinds, increased capacity and acquired new businesses, to turn the company into the country’s largest steelmaker.
Post listing, the shares of the ports arm of Sajjan Jindal-led JSW Group gained 28.4% to hit a high of ₹152.8 on the BSE and NSE, while the m-cap rose to ₹31,920 crore.
Many analysts recommend a "subscribe" rating to IPO, based on the company's strong financial performance and valuation