Rs 4119,00,00,000 project: This commercial port company receives huge-order from Government of Karnataka!

The stock was recently listed on the exchanges on October 03, 2023 at Rs 157.30 per share and till today’s closing, the stock is up by 29 per cent.

JSW Infrastructure Ltd, India’s second-largest commercial port company and part of the USD 23 billion JSW Group, has emerged as the winning bidder for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka on a Private Partnership basis. The Karnataka Maritime Board, Government of Karnataka has issued the Letter of Award (LOA) to JSW Infrastructure. As per the RFP document, the estimated cost of the Project is Rs 4119,00,00,000 with an initial capacity of 30 MTPA.

The proposed Keni Port will be a modern, environmentally friendly port with mechanized facilities capable of handling cape-size vessels. It will be an all-weather, greenfield, multi-cargo, direct berthing, deep-water commercial port designed to handle all types of cargo on the west coast of North Karnataka.

The port will initially have a capacity of 30 MTPA with the potential to increase significantly in the future. It is strategically located between two operational major ports and has a hinterland primarily of coal and coke cargo. Rail and road connectivity to the port is also planned. The proposed port is expected to meet the growing cargo demand in the region and play a key role in the development of North Karnataka.

JSW Infrastructure, India's second-largest commercial port operator, operates eco-friendly ports and terminals strategically located on India's coasts. Its mechanized cargo handling system ensures efficient cargo handling and quick vessel turnaround times. JSW Infrastructure plans to expand its cargo capacity to 300 MTPA by 2030 and strengthen its market position through value-added offerings and a diversified cargo profile. JSW Infrastructure is committed to ESG principles and aligns its practices with international standards.

Today, shares of JSW Infrastructure Ltd gained 2.48 per cent to Rs 202.80 per share with an intraday high of Rs 206.50 and an intraday low of Rs 196.40. The stock’s 52-week high is Rs 215.40 and its 52-week low is Rs 141.75.

The company has a market cap of over Rs 42,000 crore with a PE of 57.4x, an ROE of 20.4 per cent and an ROCE of 16.7 per cent. The company has delivered good profit growth of 23.1% CAGR over the last 5 years

The stock was recently listed on the exchanges on October 03, 2023 (BSE: 543994 NSE: JSWINFRA) at Rs 157.30 per share and till today’s closing, the stock is up by 29 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.