<h1>JSW Utkal, JSW Jatadhar to Novate Concession Agreement for Captive Jetty in Odisha</h1>
JSW Utkal Steel Limited has executed a novation agreement with its wholly owned subsidiary, JSW Jatadhar Marine Services Private Limited, concerning the development of a captive jetty at Jatadhar Muhan in Jagatsinghpur district of Odisha. The project utilizes the Build, Own, Operate, Share and Transfer model for implementing the infrastructure.
The agreement formalizes the transition of the concession relating to the jetty's development from JSW Utkal to JSW Jatadhar. This outcome followed several administrative milestones concerning the state government.
The process began when JSW Utkal submitted an application to the Government of Odisha seeking approval to novate the concession agreement in favour of JSW Jatadhar Marine Services Private Limited. The Government of Odisha subsequently granted its approval for this novation on June 18, 2026. In adherence to this governmental approval, the formal novation agreement between JSW Utkal and JSW Jatadhar was executed.
JSWINFRA Stock Price Movement
JSW Infrastructure Limited shares on Tuesday slipped 0.31%, settling at ₹322.45 after shedding ₹1.00 from the previous close. The stock saw a trading volume of 2,218,232 shares as the equity closed for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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