JSW Infra Jumps on NCR Rail Deal

  Published 9 months ago

JSW Infrastructure shares hit 3-month high after creditors approve its resolution plan for NCR Rail’s freight terminal project.

  • NCR Rail owns a private terminal in Khurja with six rail lines and 130-acre land bank in Uttar Pradesh.
  • JSW received letter of intent post-market; trading volume surged to 4.06 million, 1.7x the 30-day average.
  • Despite today’s gains, JSW stock remains down 1.8% YTD vs Nifty 500’s 4.1% rise.
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