Net profit of JSW Infrastructure declined 8.87% to Rs 292.44 crore in the quarter ended June 2024 as against Rs 320.89 crore during the previous quarter ended June 2023. Sales rose 14.99% to Rs 1009.77 crore in the quarter ended June 2024 as against Rs 878.10 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1009.77878.10 15 OPM %50.9751.40 - PBDT526.22507.23 4 PBT391.64412.49 -5 NP292.44320.89 -9 Powered by Capital Market - Live News

JSW Infrastructure will hold a meeting of the Board of Directors of the Company on 18 July 2024.Powered by Capital Market - Live News

JSW Infrastructure announced that its subsidiary, JSW Tuticorin Multipurpose Terminal has entered into a concession agreement on 02 July 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. Powered by Capital Market - Live News

JSW Infrastructure has incorporated a wholly owned subsidiary namely JSW Port Logistics on 19 June 2024. The company is actively exploring opportunities to expand its presence in logistics infrastructure facilities, warehousing, container freight stations, and related areas. In pursuit of this goal, the company has established JSW Port Logistics.Powered by Capital Market - Live News

JSW Infrastructure and A.P. M�LLER CAPITAL, (APMC) have signed a non-binding Memorandum of Understanding (MOU) to explore and evaluate the possibility of collaborating and cooperating with each other to inter alia pursue value accretive organic and inorganic opportunities in the port and related infrastructure sector. The endeavour is to work together to form a platform in the form of an incorporated joint-venture (referred to as �Platform�) and employ the joint expertise and resources inter alia to acquire, develop, finance, and operate a portfolio of assets in the ports and logistics infrastructure related sectors in India. The intent is for each party to invest significantly in the Platform subject to mutually agreeing terms in the future. [The Platform will be held 51% by the Company and 49% by APMC. Any opportunity identified and agreed by the Parties, (Project) will be subject to a feasibility study to ascertain and establish the commercial and operational viability of each Project].Powered by Capital Market - Live News