JSW Infra acquires 70.4% stake in Navkar Corp for Rs 10.13 billion

28 Jun 2024 CW Team

JSW Infrastructure, led by Sajjan Jindal and the second-largest private commercial port operator in India, has acquired a 70.37% stake in BSE-listed logistics firm Navkar Corporation for Rs 10.12 billion. An open offer will be made to the remaining shareholders of Navkar Corporation, in accordance with SEBI takeover code. This open offer is estimated to cost an additional Rs 4.12 billion. Navkar operates a container freight station (CFS) and Gati Shakti Cargo Terminal at Somathane, Pavnel, and two CFS facilities at Ajivali, Panvel. Additionally, the company owns an Inland Container Depot (ICD) at Morbi, Gujarat, which is part of the multimodal logistics park (MMLP). Navkar also holds a Container Train Operator License of Category 1 and Category 2, with facilities in the Western India industrial belt of Maharashtra and Gujarat, leveraging its railway capability to expand its service network across the country.

"The acquisition aligns with our strategy to pursue value-accretive organic and inorganic opportunities in the port and related infrastructure sector. This move marks our entry into logistics and other value-added services, enabling us to offer improved port connectivity and streamlined supply chain solutions to our customers,"stated JSW Infrastructure.

This acquisition represents a significant step towards JSW Infrastructure's long-term vision of building a robust pan-India logistics network for last-mile connectivity. It also complements the company's growth strategy of increasing its share of port-related container cargo, driven by India's strong economic fundamentals.

(Source: BS)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..