logo
JSW Infrastructure receives LoA for developing berths at Netaji Subhas Dock, Kolkata

JSW Infrastructure receives LoA for developing berths at Netaji Subhas Dock, Kolkata

JSW Infrastructure has received a Letter of Award from the Syama Prasad Mookerjee Port Authority for the reconstruction of Berth 8 and mechanization of Berths 7 and 8 at Netaji Subhas Dock, Kolkata. The project, awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the PPP model, is aimed at enhancing container handling capacity at the port.
The project comes with a 30]year concession period and aligns with JSW Infrastructurefs strategy to expand its terminal portfolio under the Governmentfs port privatization initiative. With an estimated capex of ₹740 crore and a construction timeline of two years, the Company will also be able to commence operations during the construction phase, leveraging Kolkata Cityfs steady cargo volumes. Post]completion, the project is expected to significantly enhance both capacity and operational efficiency.
With this addition, the Company strengthens its container operations across both eastern and western coasts. On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs which is being expanded to 0.35 million TEUs. The Kolkata project brings the Companyfs total container handling capacity close to 1 million TEUs, positioning it as an emerging player in Indiafs port container sector.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wipro posts a 10% rise in Q1 net profit YoY; returned $1.3 billion to its shareholders over the last 6 months
Wipro posts a 10% rise in Q1 net profit YoY; returned $1.3 billion to its shareholders over the last 6 months

The Hindu

time33 minutes ago

  • The Hindu

Wipro posts a 10% rise in Q1 net profit YoY; returned $1.3 billion to its shareholders over the last 6 months

Bengaluru-tech firm Wipro on Thursday (July 17, 2025) reported a 10.9% increase in its Q1 net profit at ₹3,336.5 crore, up from ₹3,036.6 crore a year ago. Its revenue from operations slightly grew to ₹22,134.6 crore (0.8%) during the quarter, from ₹21,963.8 crore in the corresponding quarter a year ago. In the June-ended quarter, the IT firm's revenue decreased 2.3% year-on-year in constant currency terms. Operating margin was at 17.3%, marking an expansion of 0.8% YoY and EPS grew 10.8%. The company's IT services revenue was $2.58 billion, a decrease of 0.3% and 1.5% sequentially and annually, respectively. Company's CEO and Managing Director, Srini Pallia in his commentary said, 'In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimisation. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well positioned for the second half.'' Wipro in Q1 reported large deal bookings at $2.7 billion, a 131% jump YoY and the quarter saw overall bookings at over $5 billion. According to Aparna Iyer, Chief Financial Officer, Wipro expanded its operating margins in the quarter by 80 basis points on a YoY basis. Its cash flow conversion remained strong, with operating cash flows being at 123% of our net income. 'The board also declared an interim dividend of ₹5 per share. With this, the total cash returned to shareholders over the last 6 months is more than $1.3 Bn,'' she said. On outlook for Q2 FY26, Wipro expects revenue from the IT Services business segment to be in the range of $2,560 million to $2,612 million and this translates to sequential guidance of (-)1.0% to 1.0% in constant currency terms. ``Our guidance is based on current market visibility. We don't guide for the whole year,'' Ms. Iyer said. She further said, the company's deal pipeline was good, although the conversion and deal ramp-up may take 6 to 8 quarters. ``We are expecting our larger deals in Q1 to ramp up in Q3. And, this pipeline gives us confidence.'' On the macro outlook, Mr. Pallia said, certainly, there was an uncertainty and clients were getting to be resilient in the context of this market condition. 'Geopolitical situation and tariff issues continue. Each geography has a different challenge. But sector-specific, the BFSI has a strong pipeline. We are seeing some softness in retail and CPG. In technology and telecom, clients want to protect their existing investments, so that the investment continues. Clients are focused on cost optimisation and vendor consolidation.' He said Wipro would stay focused on data, AI and modernisation projects. Although the company would stay cautious of the macro environment, its priority would be to return to profitable growth backed by its AI-powered consulting capabilities and a strong pipeline, he added. Shubham Rathore, Principal Analyst at Gartner, said Wipro's Q1 revenue numbers signalled a soft patch in the global IT services market. 'The sequential softening was attributed to cautious discretionary budgets against a backdrop of macroeconomic volatility and cost containment in priority regions. Despite these challenges, the outlook is optimistic, backed by a pipeline rich in large transformational deals,'' Mr. Rathore added. Wipro's AI Push On Wipro's AI push, Mr. Pallia said, 'AI is no longer experimental, it is not a niche anymore. It is central to our clients' strategies and we are delivering real impact at scale.' For instance, Wipro has developed over 200 AI agents in partnership with hyperscalers, which operate autonomously in functions such as HR, finance, legal and project delivery. These agents have delivered measurable business outcomes and are being deployed across sectors including banking, energy, manufacturing, technology and healthcare. May hire 10,000 freshers in FY26 Wipro has plans to hire 10,000 freshers in FY26 from various campuses. The company's Chief Human Resources Officer, Saurabh Govil, said, 'Our endeavour is to induct 10,000 freshers this fiscal; however, hiring will be demand-driven. We have a good bench strength now, still, we will continue to visit campuses, but the number will be small.'' On attrition, he said, attrition has been coming down, but certain skill pockets were showing high attrition. Wipro's voluntary attrition has been hovering in the 15% range in the last three consecutive quarters.

Jio Financial share price in focus: How to trade the Reliance group stock ahead of Q1 results today?
Jio Financial share price in focus: How to trade the Reliance group stock ahead of Q1 results today?

Mint

time11 hours ago

  • Mint

Jio Financial share price in focus: How to trade the Reliance group stock ahead of Q1 results today?

Jio Financial share price: Shares of Mukesh Ambani-backed Jio Financial Services traded on a lacklustre note on Thursday, July 17, gaining less than half a per cent as investors stuck to the sidelines ahead of the announcement of the first quarter earnings for the financial year 2025-26 (Q1 FY26). Jio Financial share price opened at ₹ 320, slightly above its last closing price of ₹ 319.60 apiece on the BSE. Soon after, the Reliance group stock hit the day's high of ₹ 320.75, up just 0.35%. The stock is hovering close to its 52-week high of ₹ 363, which was reached in September 2024. Despite today's muted movement, Jio Financial share price has gained 10% in the last one month on the back of multiple approvals from the capital markets regulator to offer holistic investment solutions. Late last month, Jio BlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers Pvt Ltd, received regulatory approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. Before this, regulatory approvals were received by Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Investment Advisers to commence operations. Last week on Thursday, Jio Financial informed exchanges that its board will meet today (July 17) to approve the earnings for the June quarter of FY26. "A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 17, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2025. A presentation to analysts on the financial results of the Company for the quarter ended June 30, 2025, shall be made on the same day after the meeting," Jio Financial said in a filing. Anshul Jain, Head of Research at Lakhmishree Investments, remains bullish on the stock. He said that Jio Financial is currently trading around a key resistance zone between 324 and 347 and, despite multiple attempts, is holding ground without any sharp rejection. This resilience suggests strength, and the stock is likely to remain range-bound within this zone for the next 8 to 10 weeks, he added. "Interestingly, volumes are gradually diminishing, which is typically a bullish signal during consolidation phases — hinting at silent accumulation. This setup indicates that the stock is preparing for a potential breakout in the medium term, provided it sustains above key support levels," Jain said. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Small-cap stock jumps 6% on securing solar power project from NHPC. Do you own?
Small-cap stock jumps 6% on securing solar power project from NHPC. Do you own?

Mint

time11 hours ago

  • Mint

Small-cap stock jumps 6% on securing solar power project from NHPC. Do you own?

PNC Infratech share price jumped more than 6% in early trade on Thursday, amid a spurt in trading volumes, after the company secured an order from state-run hydropower giant NHPC. The small-cap stock surged as much as 6.6% to ₹ 331.80 apiece on the BSE. Around 38 lakh PNC Infratech shares changed hands on the stock exchanges as against its one week average trading volume of 3 lakh shares. PNC Infratech said that it has emerged as one of the Lowest (Ll) Bidders in a tender floated by NHPC for setting up of 1200 MW ISTS (Inter State Transmission System) Connected Solar Power Projects with 600 MW / 2400 MWh Energy Storage Systems (ESS) in India. The company has secured the project through Tariff Based Competitive Bidding (TBCB) and on the basis of electronic (online) reverse action mechanism. The project also comes with a Green Shoe Option at a quoted price of ₹ 3.13 per kwh. 'Out of the above-mentioned total quantity, the Company has been allotted 300 MW ISTS Solar Power Project with 150 MW / 600 MWh Energy Storage System (ESS) at the said quoted price through electronic (online) reverse action mechanism held on 15.7.2025,' PNC Infratech said in a regulatory filing on July 16. The Scheduled Commencement of Supply Date (SCSD) shall be 24 months from the effective date of PPA (Power Purchase Agreement), and the PPA (operation period) shall be for a period of 25 years from the SCSD, it added. PNC Infratech share price is on the verge of breaking out from a bullish 106-day-long cup and handle pattern, with the breakout level placed at ₹ 325, said Anshul Jain, Head of Research at Lakshmishree Investments. 'Volumes have surged to over 451% of the 50-day average, a strong signal of institutional footprints backing the move. For this breakout to sustain, PNC Infratech stock price must close convincingly above ₹ 325 in the near term. If that happens, the structure points towards an initial target near the ₹ 375 level. The setup remains strong, and momentum indicators are aligned in favor of a continuation once the breakout is confirmed,' Jain said. PNC Infratech share price gained 10% in one month and 19% in three months. The smallcap stock has risen 7% in the past six months, but has remained flat on a year-to-date (YTD) basis. Over the past one year, PNC Infratech shares have declined more than 37%, while it has delivered multibagger returns of 138% in five years. At 9:55 AM, PNC Infratech share price was trading 4.50% higher at ₹ 325.25 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store