JSWINFRA

Feb 20 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - APPROVES RAISING FUNDS THROUGH ISSUANCE OF EQUITY SHARES WORTH 500 MILLION RUPEES

Source text: ID:nBSE2T9V1G

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Feb 16 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRASTRUCTURE LTD - 543994 - BOARD MEETING INTIMATION FOR PROPOSAL FOR RAISING FUNDS

Source text: ID:nBSE6NWbLc

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Feb 3 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - TNPPA FILED APPEAL AGAINST JSW INFRASTRUCTURE SUBSIDIARY ECTPL

• JSW INFRA - NCLT ORDER DOES NOT IMPACT JSW INFRASTRUCTURE'S FINANCIALS OR OPERATIONS

Source text: ID:nBSE5QW02p

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Jan 23 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - NCLT MUMBAI APPROVES JSW INFRASTRUCTURE'S RESOLUTION PLAN FOR NCR RAIL

Source text: ID:nBSE5htGDl

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** JSW Infrastructure JSWN.NS gains 6.9% to more than one-week high of 275.5 rupees; set for best day since February 2025

** Ports operator posts 14% y/y growth in Q3 revenue; net profit rises ~9% y/y

** Motilal Oswal says major port expansions would be completed by start of FY28, logistics business would scale up sharply

** Emkay says co's Q3 FY26 print largely in line with Street estimates

** Adds factoring in timely commissioning of projects, "we increase our FY28 revenue/EBITDA estimate by 3%-5%"

** Stock rated "buy" on avg; median PT is 360 rupees, per data compiled by LSEG

** JSWN fell 10.4% in 2025

(Reporting by Brijesh Patel in Bengaluru)

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Jan 16 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA DEC-QUARTER CONSOL NET PROFIT 3.59 BILLION RUPEES

• JSW INFRA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.5 BILLION RUPEES

Source text: [ID:]

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Jan 15 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - MINISTRY OF RAILWAYS APPROVES SHAREHOLDING CHANGE FOR JSW RAIL, JSW MINERALS AND JSW SOUTH

Source text: ID:nNSEbTj1HX

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** Shares of JSW Infrastructure JSWN.NS rise 1.2% to 267.3 rupees

** HBSC upgrades stock to "Hold" from "Reduce"; PT raised to 280 rupees from 240 rupees earlier

** Updates as brokerage believes port operator's FY28 EBITDA visibility has improved and following weakness in its shares

** Brokerage says co is on track to double FY28 EBITDA compared to FY25, and to meet FY30 400 mtpa port capacity target

** Adds while JSWN's major investments are set to contribute from FY28, it continues to see weak return on invested capital until FY27

** Stock fell 10.44% in 2025

(Reporting by Mridula Kumar in Bengaluru)

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Dec 30 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• GETS TAX ORDER ALLEGING SHORT PAYMENT OF GST FROM 2019 TO 2024

• COMPANY REQUIRED TO PAY 965.8 MILLION RUPEES WITH PENALTY

Source text: ID:nNSE7vDjfj

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** JSW Infrastructure JSWN.NS falls 4.5% to more than one-month low of 295.1 rupees

** Ports operator posts 26% y/y growth in Q2 revenue, but operating margin contracts 380 bps

** ICICI Securities says Q2 port volumes were weak, with organic growth declining 6%

** 14 analysts give an avg rating of "buy" to JSWN; median PT 352.5 rupees - per data compiled by LSEG

** YTD, stock down 7.2%

(Reporting by Vivek Kumar M)

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Sept 29 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• UNIT GETS NOTICE SEEKING TAX OF 965.8 MILLION RUPEES

Source text: ID:nBSE17cvXm

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** JSW Infrastructure JSWN.NS rises as much as 1.8% to 314.5 rupees

** Jefferies maintains "buy", PT of 375 rupees; sees capacity addition in existing terminals, larger JSW Group expansion plans aiding growth

** Ports operator says it's aiming to raise annual cargo handling capacity to 400 million tonnes by FY30 from current 177 million tonnes

** Jefferies says subsequent volume growth will result in revenue, EBITDA rising 20% CAGR over FY25-FY30

** Adds cargo from other JSW group firms should provide capacity utilisation comfort

** Stock rated "buy" on average, per data compiled by LSEG

** YTD, JSWN down 1% YTD

(Reporting by Nandan Mandayam in Bengaluru)

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Repeats to widen distribution; no changes to text

Aug 14 (Reuters) - Shares of JSW Cement JSWC.NS debuted 4% higher on Thursday valuing the firm at $2.38 billion as investors looked past broader market jitters to back the company's capacity expansion plans and push into new regional markets.

The stock listed at 153.50 rupees on the National Stock Exchange, above its 147 rupees issue price and just above its targeted $2.3 billion. It was last up 2.7% at 151.06 rupees as of 10:21 a.m. IST.

India, the world's second-largest cement producer, is riding a robust sector outlook, with the government's infrastructure and housing push expected to power demand growth through the decade, while prices rebound from multi-year lows hit last fiscal year.

JSW Cement, with its seven plants in southern, eastern and western India, is a relatively smaller player in an industry dominated by companies such as Aditya Birla-owned UltraTech Cement ULTC.NS and Gautam Adani-backed Ambuja Cement ABUJ.NS.

The company will use proceeds from the IPO for setting up a factory in the limestone-rich state of Rajasthan, it said in its prospectus.

Ventura Securities said JSW Cement's capacity ramp-up will expand its reach and boost profits, while its ties to the JSW Group offer brand strength and easy access to raw materials like slag and power via group companies in steel JSTL.NS, energy JSWE.NS and marine infrastructure JSWN.NS.

JSW Group holds a nearly 70% stake in the cement maker.

The $413 million initial public offering was oversubscribed nearly eight times earlier this week, driven by institutional investors whose bids were nearly 16 times their allotted quota.

($1 = 87.4320 Indian rupees)

(Reporting by Hritam Mukherjee and Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of JSW Infrastructure Ltd JSWN.NS rise as much as 3.2% to 327.2 rupees

** Co reports a 31.5% y/y rise in first-quarter consol net profit to 3.85 billion rupees ($44.6 million), and revenue up 21.2%

** Motilal Oswal expects stronger market dominance for co and rising logistics revenue to drive 13% volume and 22% revenue CAGR over FY25–27; In line qtr, project expansion underway

** In Q1, co handled 29.4mt of cargo (+6% YoY) helped by new terminals of Tuticorin and JNPT - ICICI Securities

** Jefferies says Q1 EBITDA was in line with estimates; believes, on a small base JSWN's EBITDA growth will be 20%+ from current levels with group volumes giving comfort on utilisation; maintain BUY

** Mean rating of stock is "buy"; their median PT is 362.5 rupees - data compiled by LSEG

($1 = 86.3880 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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July 22 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JUNE-QUARTER CONSOL NET PROFIT 3.85 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.24 BILLION RUPEES

Source text: ID:nBSE25KFRB

Further company coverage: JSWN.NS

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** Shares of JSW Infrastructure JSWN.NS rise 1.7% to 310.20 rupees, set to snap four session losing streak

** Port operator gets letter of award from Syama Prasad Mookerjee Port Authority for reconstruction of berth-8 and mechanization of berth-7 and berth-8 at Netaji Subhas Dock in Kolkata

** Estimated capex of 7.4 bln rupees ($86.4 mln) and construction timeline of two years

** Project comes with 30‐year concession period

** JSWN down ~2% YTD

($1 = 85.6825 Indian rupees)

(Reporting by Vijay Malkar)

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July 7 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• RECEIVED LOA FOR RECONSTRUCTION FROM SYAMA PRASAD MOOKERJEE PORT AUTHORITY

• LOA TO DEVELOP CONTAINER BERTHS AT KOLKATA PORT

• ESTIMATED CAPEX OF 7.4 BILLION RUPEES, CONSTRUCTION TIMELINE OF TWO YEARS

• PROJECT COMES WITH A 30‐YEAR CONCESSION PERIOD

Source text: [ID:]

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June 19 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• SIGNING OF MEMORANDUM OF UNDERSTANDING WITH KONKAN RAILWAY CORPORATION

• PROJECT TO ESTABLISH RAILWAY ACCESS TO JAIGARH PORT

Source text: ID:nBSE5y9DzP

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May 20 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• SAJJAN JINDAL FAMILY TRUST SOLD 42 MILLION SHARES OF CO

• PROMOTER GROUP TRIMS STAKE IN CO FROM 85.62% TO 83.62%

Source text: ID:nBSE9w0jpG

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Recasts with company forecast

May 1 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS issued a higher year-on-year revenue growth forecast for fiscal 2026 on Thursday, citing strong port volumes, after posting a better-than-expected quarterly profit.

The country's top private port operator said it expects revenue to grow in the range of 15.8%-22.2% for the fiscal year that started on April 1. Its revenue grew 16% last fiscal.

For fiscal 2025, the firm's revenue from its ports business, its biggest, climbed 12%, while its logistics business jumped 39%, led by higher container and bulk cargo volumes, the company said.

It added that it expects revenue from its third-biggest marine services division, which surged 82% to 11.44 billion rupees in fiscal 2025, to treble in two years.

Private port operators including Adani Ports and smaller rival JSW Infrastructure JSWN.NS have benefited from steady cargo movement across Indian borders, especially during the fourth quarter, which typically sees increased construction activity due to favorable weather.

However, U.S. President Trump's erratic tariff policies have threatened to disrupt trade and pile additional risks on India's slowing economy.

On Wednesday, JSW Infrastructure reported a higher quarterly profit and shrugged off concerns over U.S. tariff-led trade uncertainties.

Adani Ports reported a consolidated net profit of 30.14 billion rupees ($356 million) for the quarter ended March 31, beating analysts' average estimate of 25.71 billion rupees, as per data compiled by LSEG.

Cargo volumes rose 8% to 118 million metric tonnes in the reported quarter, driving overall revenue nearly 24% higher to 84.88 billion rupees.

The company also forecast its earnings before interest, tax, depreciation and amortization (EBITDA) in the range of 210 billion-220 billion rupees for fiscal 2026.

($1 = 84.6740 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

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April 30 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• LARGELY UNAFFECTED BY TRADE UNCERTAINTIES, MONITORING SITUATION CLOSELY

• REMAIN CONFIDENT OF NAVIGATING SAID UNCERTAINTIES

• SEE STEEL MARKETS DOING WELL AFTER IMPOSITION OF SAFEGUARD DUTY

Source text: [ID:]

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April 16 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRASTRUCTURE LTD - ISSUES 10 BILLION RUPEES COMMERCIAL PAPER

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Rewrites throughout with share moves, details and company forecast

Jan 30 (Reuters) - India's Adani Ports and Special Economic Zone APSE.NS missed third-quarter profit estimates on Thursday, as growth in cargo volumes slackened amid a slowdown in the world's fifth-largest economy, sending its shares 6% lower in the afternoon trade.

Consolidated net profit for the country's top private port operator jumped 14% to 25.20 billion rupees ($291.1 million) for the October-December period, but fell short of analysts' average estimate of 26.08 billion rupees, as per data compiled by LSEG.

Adani Ports' stock was among the top losers on the benchmark Nifty 50 index .NSEI.

Adani Ports kept intact its fiscal 2025 cargo volumes forecast in the range of 460 million metric tons to 480 million tons, after logging a 4% volume growth to 113 million tons in the reported quarter.

India's slowing economic growth has curbed cargo volumes at port operators including Adani Ports and smaller rival JSW Infrastructure JSWN.NS, analysts at ElaraCapital said in a note earlier this month.

Adani Ports also said it now expects fiscal 2025 core profit to be in a range of 188 billion rupees to 189 billion rupees, up from its earlier forecast of 170 billion rupees to 180 billion rupees.

($1 = 86.5620 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Rashmi Aich)

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Jan 28 (Reuters) - JSW Infrastructure JSWN.NS, India's second-largest private port operator, missed the third-quarter profit view on Tuesday, as growth in cargo volumes decelerated amid a broader slowdown in the world's fifth-largest economy.

The company, which operates ten ports and terminals along the country's coastline, reported a consolidated net profit of 3.30 billion rupees ($38.1 million) for the October-December period. Analysts, on average, expected profit of 3.40 billion rupees, per data compiled by LSEG.

Coal imports dropped in the quarter due to higher domestic production and a slide in power demand, while weak demand for iron ore from top consumer China hit exports.

India's slowing economic growth has also curbed cargo volumes at port operators including JSW Infra and its bigger rival Adani Ports APSE.NS, ElaraCapital analysts said in a note.

JSW Infrastructure said lower volumes at its Paradip iron ore terminal in the state of Odisha capped volume growth at 5% in the reported quarter. The company reported 9% and 16% volume growth in the first two quarters of the current fiscal year and a 17% increase in the year-ago third quarter.

ElaraCapital had expected 6% volume growth in the reporting quarter.

The third-quarter results are not comparable with the year-ago figures as the company completed the acquisition of logistics firm Navkar Corporation in October, JSW Infrastructure said.

The company said it gained 1.19 billion rupees in revenue and 55.1 million rupees in profit in the reporting quarter from the acquisition.

The company's shares ended little changed after the results.

($1 = 86.5430 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng)

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Jan 21 (Reuters) - Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles, batteries, steel, and green energy sectors.

The ports-to-cement JSW conglomerate and the government of the western Indian state of Maharashtra - home to the country's financial hub of Mumbai - signed an agreement on the sidelines of the World Economic Forum, in Davos, Switzerland.

The investment will fund facilities for electric vehicle and lithium-ion battery production, steel manufacturing expansion, and renewable energy projects, including solar modules.

State chief minister Devendra Fadnavis, in a post on social media platform X, said that the investment would create 10,000 jobs and provide a "huge boost to Maharashtra's industrial environment."

The Maharashtra government will offer fiscal incentives and expedite clearances for the group's projects as part of the agreement, JSW said.

($1 = 86.5400 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Tasim Zahid)

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Jan 3 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - ENTERED INTO CONCESSION AGREEMENT WITH RAILWAY ADMINISTRATION

Source text: ID:nBSE65Szmb

Further company coverage: JSWN.NS

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** Shares of JSW Infrastructure JSWN.NS rise as much as 3.1% to 319.2 rupees

** Brokerage firm Motilal Oswal increases PT to 375 rupees, 21% higher than the last close; reiterates "buy" rating

** Co's capacity expansion to aid growth and is well-positioned to gain higher market share, surpass FY25 guidance - Brokerage

** Average rating of 11 analysts covering the stock is "buy" and median PT is 375 rupees, ~18% higher than current price - LSEG data

** Stock has more than doubled since listing on Oct. 3, 2023

** JSWN last up 2.8%, extending YTD gains to ~53%

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 19 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• JSW INFRA - AIMS TO EXPAND ITS CARGO-HANDLING CAPACITY TO 400 MTPA BY FY30

• JSW INFRASTRUCTURE - CAPEX ESTIMATED AT 300 BILLION RUPEES FOR FY25-30

Source text: ID:nBSE2ZQ0L

Further company coverage: JSWN.NS

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Oct 28 (Reuters) - Indian JSW Infrastructure JSWN.NS on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes.

The company, India's second-biggest private port operator, reported consolidated net profit of 3.72 billion rupees ($44.3 million) in second quarter ended Sept. 30, up by 46% on-year.

The company handled 27.5 million metric tonnes of cargo, 16% higher over the last year, said JSW Infrastructure, which operates ten ports and terminals along the Indian coastline.

Higher cargo volumes was driven by increased capacity utilisation at its coal terminals, the company said in an earnings release, leading to higher third-party volumes growth of 48% year-on-year.

Revenue from operations rose by 18% to 10.01 billion rupees.

Total expenses, meanwhile, fell nearly 6% to 5.34 billion rupees, helping boost its margins to 55.8% from 54% a year ago.

Additionally, the company said it plans to enhance its overall cargo handling capacity to 400 million tonnes per annum (MTPA) by 2030 from 170 MTPA currently.

JSW Infra's bigger rival, Adani Ports and Special Economic Zone APSE.NS, is due to report second-quarter earnings on Tuesday.

($1 = 84.0470 Indian rupees)

(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru; Editing by Varun H K)

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Oct 15 (Reuters) - An alert on JSW Infra JSWN.NS shares rising 2.3% after the company received a letter of intent for a port development contract has been withdrawn as the news is dated.

There will be no replacement alert.

Story number: nFWN3LQ176

Story date: Oct 15, 2024

Story time: 0348 GMT

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