Shares of JSW Infrastructure Ltd (JSW Infra) rose 1.5% to hit a day’s high of Rs 311.90 on 8th July, after the company announced it had received a letter of award from the Syama Prasad Mookerjee Port Authority (Kolkata Port) for the reconstruction of Berth 8 and mechanisation of Berths 7 and 8 at Netaji Subhas Dock, Kolkata.

JSW Infrastructure has won a Rs 740-crore port project under the PPP model on a DBFOT basis. The 30-year project involves rebuilding and mechanising berths at Kolkata’s Netaji Subhas Dock to boost container handling capacity.

The project supports JSW Infra’s strategy to grow its terminal portfolio under the government’s port privatisation push. Construction will take two years, but operations can begin during the build phase by tapping into Kolkata’s cargo demand.

Once completed, the project is expected to improve both capacity and efficiency. With this addition, JSW Infra’s total container handling capacity nears 1 million TEUs, strengthening its position as a growing player in India’s port sector.

At 10:46 AM, the shares of JSW Infra were trading 1.28% higher at Rs 309.05 on NSE.

Wondering About JSW Infra? The Analyst Has Answers.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!