JSW Infra Share Price: JSW Infrastructure to develop Kenny Port in Karnataka at Rs. 4,119 crore contract has been won. After this news, its shares are flying. It rose over 6 percent in early trade to Rs. 220 was reached. Today it is Rs. opened at 213.45. Today it made a new 52-week high.
JSW Infra has returned nearly 36 percent in just one and a half months. On October 3, 2023 it will be Rs. 157.30, the stock has been soaring ever since. Since November 3, it has posted a profit of around Rs 44 per share. In early trade it rose 5.56 percent to Rs. was trading at 214.55.
Also Read: Defense sector company announces dividend, record debt next week, stocks roaring
JSW Infrastructure said in a statement that the proposed Kenny Port will have modern eco-friendly mechanical facilities to handle cap-sized vessels. The proposed Kenny Port is strategically located between two major operational ports, Mormugao Port in the North and New Mangalore Port in the South.
Kenny Port is envisioned as an all-weather, new, multi-cargo, direct berthing, deepwater commercial port handling all types of cargo on the west coast in North Karnataka region, connecting Bellary, Hospet, Hubli. , will serve industries. Area covering Kalaburgi and South Maharashtra.
Arun Maheshwar, Chief Executive Officer (CEO) and Joint Managing Director, JSW Infrastructure, said, “We will begin work to develop Kenny Port as an integral part of Karnataka’s maritime infrastructure and trade gateway.”
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own and not those of Live Hindustan. The information provided here is only about stock performance and is not investment advice. Investing in stock market is. Subject to risks and advice of your advisor before investing. take.)
Input: Agency