Further, the face value is Rs 5,00,000 each while the issue price per CP is Rs 4,83,510.50 each, JSW Infrastructures said in a statement.

The rate of return stood at 7.78 percent per annum and the discount rate was 7.5234 percent per annum.

Incorporated in 2006, JSW Infrastructure Limited specializes in maritime-related services such as cargo handling, storage solutions and logistics. As a subsidiary of the JSW Group, it is the second largest commercial port operator in India in terms of cargo handling capacity.

Additionally, the company operates two port terminals under operation and maintenance (O&M) agreements in the UAE, contributing to a cargo handling capacity of 41 million tonnes per annum (MTPA).

As of June 30, 2023, JSW Infrastructure operates nine ports across India, boasting a total installed cargo handling capacity of 158.43 MTPA, a significant increase from 119.23 MTPA as of March 31, 2021. These ports are strategically located along the west and east coasts. of India, including two minor ports in Maharashtra and several terminals in major ports in Goa, Karnataka, Odisha and Tamil Nadu.

The company handles a diverse range of cargo, including dry bulk, general bulk, liquid bulk, gases and containers. This includes thermal coal, iron ore, sugar, urea, steel products and various other products.

The market capitalization of JSW Infrastructure is Rs 68,271.05 crore, according to the BSE.

The company falls under the BSE 200 category.

At 1:10 pm, shares of JSW Infrastructure were trading 2.64 per cent higher at Rs 324.70 per share. In comparison, BSE Sensex was down 0.30 percent at 81,368.89 levels.

First publication: October 11, 2024 | 1:14 p.m. STI