JSW Infrastructure hits all-time high after firm gets contract from Chidambaranar Port Authority

JSW Infrastructure Share Price: JSW Infrastructure hit an all-time high of Rs 276.00 on BSE on Monday (February 26, 2024) after the Jindal group company got a letter of award from Chidambaranar Port Authority.

The stock that closed at Rs 262.40 on Friday started its trading journey on Monday at Rs 267.65 before hitting its all-time high. 

The stock slipped later in the day and closed down by 2.71 per cent, or Rs 7.10, at Rs 255.30. 

What is JSW Infrastructure's order?

JSW Infrastructure has got a letter of award for the "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 said that the terms and conditions awarded will be as per the draft concession agreement and its amendments submitted along with the bid.

The concession agreement will be signed within 30 days of the letter of award.