JSW Infrastructure Limited receives LOA from Southern Railway

JSW Infrastructure Limited has received Letter of Acceptance from Southern Railway, Chennai Division for "Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT)" at Arakkonam, Chennai, Tamil Nadu.

This marks an additional stride towards the Company's long-term vision of building and scaling an efficient pan-India logistics network for last-mile connectivity.

The terms and conditions will be as per Agreement for Gati Shakti Multi- Modal Cargo Terminal (fully on railway land) to be entered with Southern Railway, Chennai Division.

The Company shall commence construction within three (03) months of the grant of approval of construction, and complete construction within eighteen (18) months of the grant of approval of construction of GCT. The Railway land shall be licensed for a period of 35 years.

Shares of JSW Infrastructure Limited was last trading in BSE at Rs. 328.10 as compared to the previous close of Rs. 319.05. The total number of shares traded during the day was 563758 in over 11419 trades.

The stock hit an intraday high of Rs. 336.00 and intraday low of 322.60. The net turnover during the day was Rs. 185558054.00.

Source : Equity Bulls

Keywords

JSWInfrastructure INE880J01026 PortServices LOA OrderWin SouthernRailway GatiShakti MultiModalCargoTerminal Arakkonam