JSW Infrastructure peaks with Chidambaranar Port contract

29 Feb 2024 CW Team

JSW Infrastructure achieved a record high share following the receipt of a letter of award from Chidambaranar Port Authority by the Jindal group company.

The order obtained by JSW Infrastructure is for the "Mechanisation of North Cargo Berth-III (NCB-III) for Handling Dry Bulk cargo at VO Chidambaranar Port on Design, Build, Finance, Operate and Transfer (DBFOT) Basis."

The company indicated that the terms and conditions granted will align with the draft concession agreement and its amendments, which were submitted along with the bid.

It was further stated that the concession agreement would be formalized within 30 days of receiving the letter of award.

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