Latest news with #JSWInfrastructure
Business Standard
2 days ago
- Business
- Business Standard
JSW Infra gains on securing LoA for berth reconstruction at Kolkata Port
JSW Infrastructure added 1.43% to Rs 309.55 after the company has received a letter of award (LoA) 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 Infrastructures strategy to expand its terminal portfolio under the Governments port privatization initiative. With an estimated capex of Rs 740 crore and a construction timeline of two years, the company will also be able to commence operations during the construction phase, leveraging Kolkata Citys steady cargo volumes. Post completion, the project is expected to significantly enhance both capacity and operational efficiency. The development marks a key milestone in JSW Infrastructures strategy to diversify its cargo portfolio through targeted investments in the container segment. 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 companys total container handling capacity close to 1 million TEUs, positioning it as an emerging player in Indias port container sector. The company has clarified that neither the promoter, the promoter group, nor any group companies have any interest in the entity to which the contract/order has been awarded. Furthermore, the transaction does not qualify as a related party transaction under applicable regulations, and hence the question of it being conducted at arms length does not arise. JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions. The companys consolidated net profit jumped 56.67% to Rs 515.58 crore on a 17.04% increase in revenue from operations to Rs 1,283.18 crore in Q4 FY25 over Q4 FY24.
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Business Standard
2 days ago
- Business
- Business Standard
JSW Infra secures ₹740 crore Kolkata port project, shares jump 2%
JSW Infra share price today: Shares of the JSW group company witnessed a 2 per cent surge on Tuesday, logging an intraday high of ₹311.90 after securing a project worth ₹740 crore from the Syama Prasad Mookerjee Port Authority. The project is aimed at the upgradation of container handling capabilities. At 10:30 AM, shares of JSW Infrastructure were trading at ₹309.10, up by 1.29 per cent on the National Stock Exchange. In comparison, the Nifty50 was trading largely flat at 25,458.70 level. On year-to-date (YTD), shares of the company have struggled to trade in the positive territory, experincing a single-digit decline of 4 per cent on the NSE. About the Project The ₹740 crore worth project comes with a 30‐year concession period and aligns with JSW Infrastructure's push to grow its terminal portfolio under the Government's port privatisation drive. The estimated time period of the project completion is 2 years. "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 City's steady cargo volumes. Post‐completion, the project is expected to significantly enhance both capacity and operational efficiency," JSW Infra stated in its exchange filing. "The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the Company strengthens its container operations across both eastern and western coasts. The Kolkata project brings the Company's total container handling capacity close to 1 million TEUs," the exchange filing read. Brokerage Views- Motilal Oswal Analysts expect the company's market dominance to strenghten moving forward. In FY25, JSW Infrastructure entered the logistics sector via the acquisition of a 70.37 per cent stake in Navkar Corporation Ltd (NAVKAR) and the Gati Shakti Multi-Modal cargo terminal at Arakkonam. "The company ended FY25 with strong growth in cargo and profitability and is advancing toward its goal of 400 MTPA port capacity by FY30. Driven by the NAVKAR acquisition, its logistics arm is targeting 50 per cent revenue growth in FY26 and aims to reach ₹80 billion revenue by FY30," Motilal Oswal said in a recent report. "Backed by a solid balance sheet, JSW infra is well-positioned to achieve 13-15 per cent volume compound annual growth rate (CAGR) over the next few years," the report read. The brokerage firm has reiterated its 'Buy' rating on the stock with a target price of ₹370 (based on 23x FY27 EV/EBITDA).
Economic Times
2 days ago
- Business
- Economic Times
JSW Infrastructure shares in focus after bagging Rs 740 crore port project in Kolkata
Shares of JSW Infrastructure are expected to be in focus on Tuesday after the company announced that it has secured a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority. ADVERTISEMENT The project involves the reconstruction of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata. It is aimed at enhancing the port's container handling capacity. The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession period. It aligns with JSW Infrastructure's broader strategy of expanding its terminal portfolio under the government's port privatization initiative. The company noted that it will be able to commence operations during the construction phase as well, supported by Kolkata's steady cargo estimated construction timeline is two years, and once completed, the project is expected to significantly boost both capacity and operational efficiency at the port.'The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts,' JSW Infrastructure said in a press release. ADVERTISEMENT '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 company's total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India's port container sector,' it company confirmed that the Concession Agreement for the project will be executed within 30 days from the date of issuance of the Letter of Award (LOA). ADVERTISEMENT JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday. Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
JSW Infrastructure shares in focus after bagging Rs 740 crore port project in Kolkata
JSW Infrastructure shares may be in focus after it won a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority. The project involves reconstructing Berth 8 and mechanizing Berths 7 and 8 at Netaji Subhas Dock in Kolkata, aimed at boosting container handling capacity. The development supports JSW's strategy to expand its terminal portfolio. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of JSW Infrastructure are expected to be in focus on Tuesday after the company announced that it has secured a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port project involves the reconstruction of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata. It is aimed at enhancing the port's container handling capacity The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession aligns with JSW Infrastructure's broader strategy of expanding its terminal portfolio under the government's port privatization initiative . The company noted that it will be able to commence operations during the construction phase as well, supported by Kolkata's steady cargo estimated construction timeline is two years, and once completed, the project is expected to significantly boost both capacity and operational efficiency at the port.'The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts,' JSW Infrastructure said in a press release.'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 company's total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India's port container sector,' it company confirmed that the Concession Agreement for the project will be executed within 30 days from the date of issuance of the Letter of Award (LOA). JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday.
Business Upturn
2 days ago
- Business
- Business Upturn
JSW Infrastructure wins Rs 740 crore Kolkata port project under PPP model
By Aditya Bhagchandani Published on July 7, 2025, 23:01 IST JSW Infrastructure Limited, India's second-largest private port operator, announced on Monday, July 7, that it has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Authority for the redevelopment of container facilities at Netaji Subhash Dock, Kolkata. The project involves the reconstruction of Berth No. 8 and mechanization of Berths 7 and 8 at the dock under the Design, Build, Finance, Operate, and Transfer (DBFOT) model through public-private partnership (PPP). Key highlights of the project: Concession period: 30 years. Estimated capex: ₹740 crore. Construction timeline: 2 years. The company can begin operations even during the construction phase to leverage Kolkata's steady cargo volumes. The development aligns with the Indian government's port privatization initiative. Post completion, the project is expected to enhance both the container-handling capacity and operational efficiency at the port. The investment also marks a milestone in JSW Infrastructure's strategy to diversify its cargo portfolio, particularly in the container segment. With this addition, JSW's total container-handling capacity is expected to reach close to 1 million TEUs, strengthening its presence on both the eastern and western coasts of India. On the west coast, JSW operates the New Mangalore Container Terminal, which is being expanded from 0.2 million TEUs to 0.35 million TEUs. About JSW Infrastructure JSW Infrastructure, part of the JSW Group, operates twelve ports and terminals across India and has an international presence with a liquid storage terminal in Fujairah, UAE. The company is targeting a total cargo-handling capacity of 400 million tonnes per annum by 2030, and recently acquired Navkar Corp to strengthen its last-mile logistics capabilities. The company reaffirmed its commitment to sustainability and ESG standards while continuing its strategic expansion. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
