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JSW Infrastructure Limited ( (IN:JSWINFRA) ) has issued an update.
JSW Infrastructure Limited, through its subsidiary JSW Overseas FZE, has entered into a definitive agreement to acquire a 51% stake in South Minerals Port Company SAOC in Oman. This acquisition will position JSW as a major stakeholder in a port project with a capacity of 27 million tonnes per annum, requiring a total investment of $419 million. This strategic move is expected to enhance JSW’s presence in the port sector and expand its operational footprint in the Middle East.
More about JSW Infrastructure Limited
JSW Infrastructure Limited operates in the infrastructure sector, specifically focusing on port development and management. The company is involved in the development, ownership, maintenance, and operation of port facilities.
Average Trading Volume: 127,185
Technical Sentiment Signal: Strong Sell
Current Market Cap: 575B INR
See more data about JSWINFRA stock on TipRanks’ Stock Analysis page.