Q4 FY25 company results today: Varun Beverage, Jindal Steel & Power, and Federal Bank will be among 51 companies to post earnings reports for the January-March quarter on April 30
Jefferies noted that amid the tariff uncertainty, JSW Infra is placed better compared to Adani Ports
JSW Infra said it has completed the acquisition of the slurry pipeline business from JSW Utkal Steel (a wholly-owned subsidiary of JSW Steel) through a slump sale
JSW Infrastructure on Wednesday said it has completed the acquisition of slurry pipeline business from JSW Utkal Steel Ltd for around Rs 1,617 crore. In an exchange filing, the company said it has also entered into a long-term 'take-or-pay' agreement with JSW Steel Ltd for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur. Take-or-pay is a contract, where the buyer has the obligation to either take delivery of goods or pay a specific penalty in case they fail to honour the contract. "The company executed the Business Transfer Agreement on March 25, 2025 completing the acquisition of slurry pipeline business form JSW Utkal Steel Ltd for a consideration of Rs 1,617 crores (subject to closing adjustments)," it said. Part of Sajjan Jindal-owned JSW Group, JSW Infrastructure is the second-largest private port operator in India, with a cargo handling capacity of 170 MTPA. JSW Utkal Steel is an arm of JSW Steel which is also a JSW Group company into manufacturing
Share market today: Indian stock markets are likely to be influenced by the persistent selling of Indian equities by FIIs, Trump tariffs, and the country's Q3 GDP data set for release later today
Look to invest Rs 9,000 crore as capex for logistics division
JSW Infra share: Analysts see up to 47 per cent upside in JSW Infra share price
In Q3 FY25, the company handled cargo volumes of 29.4 million tonnes, up 5 per cent Y-o-Y
JSW Infrastructure on Tuesday reported a 32.35 per cent rise in its consolidated net profit to Rs 335.62 crore in the December quarter, driven by higher income. The country's second-largest private port operator posted a net profit of Rs 253.57 crore during the October-December period a year ago, according to a statement. The total income rose to Rs 1,265.31 crore in the third quarter against Rs 1,018.30 crore in the year-ago quarter. Its expenses stood at Rs 989.40 crore during the quarter from Rs 711.25 crore a year ago. During the quarter, the company handled cargo volumes of 29.4 million tonnes which is higher by 5 per cent over the last year, the statement said. The volume increase was driven by the increased capacity utilisation in the coal terminal at Paradip in Odisha, contribution from PNP port and Liquid Storage Terminal, UAE, it added. The increase in the third-party volume was stronger with 31 per cent year-on-year growth and the share of third-party in the overall vo
A majority of JSWIL's ports are deep draught ports with multi-modal evacuation infrastructure
JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW
The upmove in the stock came after domestic brokerage Motilal Oswal reiterated 'Buy' and raised the target price from Rs 350 to Rs 375 per share
Company to strengthen its ports in multiple states; focusing on its logistics arm too
Adani Ports, JSW Infra plan major expansion via capex, target combined volume market share of 42% by FY30
JSW Infrastructure reported consolidated net profit of Rs 37.2 crore in second quarter ended September 30, up by 46 per cent Y-o-Y
Sequentially, the company's net profit increased by 27.04 per cent, though revenue declined marginally by 0.83 per cent
The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year
The uptick in JSW Infrastructure share price came after the company announced that it has issued and allotted Commercial Paper aggregating to an amount of Rs 1,000 crore.
The multi-purpose port in Maharashtra will handle captive, bulk, and dry bulk cargo
JSW Infrastructure got the delivery of the second dredger which aligns with the company's FY2030 growth plan to boost capacity