Thursday, 9 February 2017

Sensex, Nifty erase early Gains on Profit booking in Banks

Ripples Advisory Private Limited, Indore @9303093093

India's JSW Infrastructure Ltd, owned by billionaire Sajjan Jindal, plans to list its shares on local bourses in 2018/19 as it draws an expansion plan to increase operating profit and cargo-handling capacity, a company official said. "Right now the company is in expansion mode. We are looking for 15-20 billion rupees operating profit before the listing of our shares. 

Expected a 30 percent growth in his firm's operating profit in the current fiscal year over 5 billion rupees recorded in 2015/16, and targets cargo-handling capacity of 300 million tonnes by 2025. JSW Infrastructure, a part of metals-to-cement conglomerate JSW Group, operates three ports and a jetty on India's west coast that can annually handle 36 million tonnes of cargoes.

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