India’s Second-Largest Private Port Operator Signs MoU with Konkan Railway Corporation Limited
The stock is up by 38.5 per cent from its 52-week low of Rs 218.10 per share.
JSW Infrastructure Limited (JSWIL), a key player in India's ports and logistics sector, has announced the signing of a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL). This MoU pertains to the Bhoke Railway Siding Project in Ratnagiri District, situated on the Konkan Railway route. This development follows JSWIL's earlier disclosure on September 9, 2024, regarding their investment in this crucial project through their wholly-owned subsidiary, JSW Jaigarh Port Limited (Jaigarh Port).
Under the terms of the MoU, Jaigarh Port will provide a refundable and non-lapsable security deposit for the construction and development of the Bhoke Railway Siding. Once completed, this project will establish vital railway access to Jaigarh Port, facilitating the efficient movement of diverse cargo, including containers, bulk goods, and liquid cargo. This significantly enhanced connectivity is expected to bolster Jaigarh Port's capacity to handle third-party cargo from the hinterland and will be instrumental in laying the groundwork for future capacity expansion.
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About the Company
JSW Infrastructure Limited, a leading player in India's ports and logistics sector, is committed to providing sustainable and efficient port solutions. With a network of strategically located ports along the Indian coastline and an international terminal in the UAE, the company caters to a diverse range of cargo and vessel sizes. By focusing on operational excellence, strategic partnerships, and a strong commitment to sustainability, JSW Infrastructure is poised to further strengthen its position as a key player in the global maritime industry.
The stock’s 52-week high is Rs 361 per share and its 52-week low is Rs 218.10 per share. The company has a market cap of over Rs 62,000 crore with a PE of 42x, an ROE of 17 per cent and an ROCE of 15 per cent. The company has delivered good profit growth of 53 per cent CAGR over the last 5 years. The stock is up by 38.5 per cent from its 52-week low of Rs 218.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.