JSW Group stock jumps 3% after announcing CAPEX of ₹3,716 Cr to expand its business in Oman

Synopsis:

JSW Infrastructure announced the acquisition of a 51% stake in South Minerals Port Company SAOC in Oman, further positioning the company to achieve its target to double its target of achieving capacity to 400 MTPA by FY30.

The shares of this leading company engaged in providing maritime-related services, including cargo handling, storage solutions, and logistics services, are in focus after announcing a significant acquisition. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 59,052 crore, the shares of JSW Infrastructure Ltd reached a day’s high of Rs 285.55 per share, up 3 percent from its day’s low price of Rs 277.50 per share. In the last one year, the stock has corrected over 5 percent, underperforming NIFTY 50’s return of