JSW Infrastructure shares hit record high on robust Q2 earnings and expansion strategy

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The firm’s cargo handling volumes also demonstrated considerable growth with a 27% year-on-year increase. This performance aligns with the company’s ongoing expansion strategy, which recently involved the acquisition of Marine Oil Terminal Corp in FOIZ for $187 million.

JSW Infrastructure had recently raised ₹2,800 crore through an IPO that was oversubscribed by 37.37%, indicating strong investor confidence in the firm’s prospects. The majority stake in the company is held by the Sajjan Jindal Family Trust, while a minor portion is owned by the JSW Infrastructure Employees Welfare Trust.

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