InfrastructureAfter close
JSW Infrastructure stock rises 3% on ₹3,716 Cr Oman acquisition
after close1 source ↓written by the desknot a recommendation
- to ₹285.55
- 3%
- CAPEX to acquire
- ₹3,716 cr
- in South Minerals
- 51% stake
- its capacity
- 400 MTPA by FY30
- in the past
- 5%
JSW Infrastructure shares gained 3% to ₹285.55 after announcing a ₹3,716 cr CAPEX to acquire a 51% stake in South Minerals Port Company SAOC in Oman. This strategic move aims to double its capacity to 400 MTPA by FY30. The stock has corrected over 5% in the past year, underperforming the NIFTY 50's 11% return.
Not investment advice. For informational purposes only.