Shares of JSW Infrastructure are expected to be in focus on Tuesday after the company revealed that it has actually protected a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority.The task includes the restoration of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata.
It is aimed at boosting the ports container handling capacity.The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession period.It lines up with JSW Infrastructures more comprehensive technique of broadening its terminal portfolio under the federal governments port privatization effort.
The business kept in mind that it will have the ability to start operations throughout the building phase as well, supported by Kolkatas consistent freight volumes.The estimated building timeline is 2 years, and as soon as completed, the job is expected to significantly improve both capability and operational effectiveness at the port.Live EventsThe development marks a key turning point in JSW Infrastructures strategy to diversify its freight portfolio through targeted financial investments in the container sector.
With this addition, the business enhances its container operations across both eastern and western coasts, JSW Infrastructure stated in a press release.On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capability of 0.2 million TEUs, which is being broadened to 0.35 million TEUs.
The Kolkata job brings the companys amount to container handling capability near to 1 million TEUs, positioning it as an emerging gamer in Indias port container sector, it added.The business verified that the Concession Agreement for the task will be performed within 30 days from the date of issuance of the Letter of Award (LOA).
JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday.: Jane Street probe: Sebi chief Tuhin Kanta Pandey dismiss weekly expiration ban, signals tighter derivatives see(Disclaimer: Recommendations, recommendations, views and opinions given by the experts are their own.
These do not represent the views of TheIndianSubcontinent)