JSW Tuticorin Multipurpose Terminal Pvt Ltd enters into concession agreement with V.O. Chidambaranar Port Authority

JSW Tuticorin Multipurpose Terminal Private Limited ('subsidiary of JSW Infrastructure Limited') has entered into a concession agreement on July 02, 2024 with V.O. Chidambaranar Port Authority, Tamil Nadu, for development Mechanization of North Cargo Berth-III (NCB-III) for Handling Dry Bulk cargo at V.O. Chidambaranar Port on Design, Build, Finance, Operate and Transfer (DBFOT) Basis.

The Company will develop and Mechanize a new 7 MPTA Cargo Berth III at the V.O. Chidambaranar Port. The Company will leverage its operational capabilities of handling bulk products and increase its cargo share on the East Coast. The asset provides access to the rich hinterland with a diverse cargo profile including dry bulk, coal, limestone, gypsum, rock phosphate & copper concentrate.

Shares of JSW Infrastructure Limited was last trading in BSE at Rs. 347.95 as compared to the previous close of Rs. 349.55. The total number of shares traded during the day was 125440 in over 3240 trades.

The stock hit an intraday high of Rs. 355.35 and intraday low of 345.20. The net turnover during the day was Rs. 43800619.00.

Source : Equity Bulls

Keywords

JSWInfrastructure INE880J01026 PortServices JSWTuticorinMultipurposeTerminal ConcessionAgreement VOChidambaranarPortAuthority