JSW Infra shares jump 7% on fundraising buzz; co says no such proposal
The Sajjan Jindal-led JSW Group company has clarified to the exchanges that there is no such proposal for discussion before the board.
The Sajjan Jindal-led JSW Group company has clarified to the exchanges that there is no such proposal for discussion before the board.
Cash-rich groups foray into new-age businesses, consolidate existing ones to add to market value.
This is going to be the fourth company of Sajjan Jindal-promoted JSW Group to get listed on the domestic bourses after JSW Infrastructure in October last year.
The JSW Group firm debuts this year as new ports and facilities add to a growing bottomline.
JSW Group plans to invest in cement plant, power plant, greenfield port and a steel plant in Odisha
JSW Group entered into a joint venture with China's SAIC Motor last year.
The state cabinet cabinet on Monday also gave a special incentive package for the conglomerate to establish plants in Naraj, Cuttack and Paradip.
The Middle East-based JSW Terminal acquires Marshall Island's Marine Oil Terminal, making it step-down unit of JSW Infra.
China's SAIC Motor and JSW joint venture will pursue the development of the electric vehicle (EV) ecosystem in India.
The largecap stock, which made its debut on October 3, 2023, rose 10% to touch a fresh all-time high of ₹188.75 on the BSE today.