JSW Infrastructure’s wholly owned subsidiary -- JSW Terminal (Middle East) FZE, has received approval from board of directors to acquire Marine Oil Terminal Corp (Marine Oil Terminal) alongwith its Fujairah Branch from MPT Commodities, British Virgin Islands (Mercuria Group). On Completion of the transaction, Marine Oil Terminal will become the step-down subsidiary of the Company. The Board at its meeting held on November 3, 2023 has approved the same.
The Company has vision to expand its cargo handling capacity and cargo volume/ throughput in all types of cargoes including liquid & container. Considering the same, the liquid storage terminal at Fujairah would help the Company to achieve its growth & expand its footprint in liquid cargo.
JSW Infrastructure provides maritime-related services including, cargo handling, storage solutions and logistics services. The company develop and operates ports and port terminals under Port Concessions.
| Company Name | CMP |
|---|---|
| Adani Ports &Special | 1573.10 |
| JSW Infrastructure | 274.35 |
| Gujarat Pipavav Port | 160.85 |
| Paradeep Parivahan | 140.00 |
| View more.. | |
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