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JSW Infrastructure surges on signing memorandum of understanding with A.P. Moller Capital

23 May 2024 Evaluate

JSW Infrastructure is currently trading at Rs. 280.35, up by 1.65 points or 0.59% from its previous closing of Rs. 278.70 on the BSE.

The scrip opened at Rs. 279.30 and has touched a high and low of Rs. 285.00 and Rs. 278.05 respectively. So far 92707 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.25 on 22-May-2024 and a 52 week low of Rs. 141.75 on 03-Oct-2023.

Last one week high and low of the scrip stood at Rs. 285.25 and Rs. 258.05 respectively. The current market cap of the company is Rs. 59010.04 crore.

The promoters holding in the company stood at 85.61%, while Institutions and Non-Institutions held 5.92% and 8.46% respectively.

JSW Infrastructure and A.P. Moller Capital (APMC) have signed a non-binding Memorandum of Understanding (MOU) to explore and evaluate the possibility of collaborating and cooperating with each other to inter alia pursue value accretive organic and inorganic opportunities in the port and related infrastructure sector.

The endeavour is to work together to form a platform in the form of an incorporated joint-venture (referred to as Platform) and employ the joint expertise and resources inter alia to acquire, develop, finance, and operate a portfolio of assets in the ports and logistics infrastructure related sectors in India.

The intent is for each party to invest significantly in the Platform subject to mutually agreeing terms in the future. The Platform will be held 51% by the Company and 49% by APMC. Any opportunity identified and agreed by the Parties, (Project) will be subject to a feasibility study to ascertain and establish the commercial and operational viability of each Project.

JSW Infrastructure is part of the JSW Group, a multinational conglomerate with an international portfolio of diversified assets across various sectors, including steel, energy, infrastructure, cement, paints, venture capital, and sports.


JSW Infrastructure Share Price

274.35 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
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