JSW Infrastructure climbs after approving capex of Rs 2,359 crore for capacity expansion

09 Sep 2024 Evaluate

JSW Infrastructure is currently trading at Rs. 311.10, up by 4.05 points or 1.32% from its previous closing of Rs. 307.05 on the BSE.

The scrip opened at Rs. 307.00 and has touched a high and low of Rs. 317.65 and Rs. 303.00 respectively. So far 306918 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 361.00 on 04-Jul-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. 326.10 and Rs. 302.50 respectively. The current market cap of the company is Rs. 65509.55 crore.

The promoters holding in the company stood at 85.61%, while Institutions and Non-Institutions held 6.90% and 7.49% respectively.

JSW Infrastructure has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port. As a part of the company’s FY30 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh). The capex plan includes mechanical, civil, and electrical work for the new berths and additional infrastructure, such as railway siding for Jaigarh Port, to boost third-party cargo movement.

The expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA, and Dharamtar Port to 55 MTPA from the current 34 MTPA. This expansion primarily aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making facility at Dolvi, Maharashtra. The expansion at both ports is expected to generate an additional cargo handling volume of approximately 27 MTPA. Construction at both ports is anticipated to be completed by March 2027. 

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.


JSW Infrastructure Share Price

308.10 -5.65 (-1.80%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Adani Ports &Special 1182.30
JSW Infrastructure 308.10
Gujarat Pipavav Port 184.40
Paradeep Parivahan
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