JSW Infra shares decline 3% after storage tank hit by debris at Fujairah Liquid Terminal in UAE
Published on 04/03/2026 09:13 AM
JSW Infra shares decline 3% after storage tank hit by debris at Fujairah Liquid Terminal in UAELocal authorities as well as onsite safety teams acted swiftly and the situation was fully contained, according to JSW Infra, adding that no injuries were reported.By Vivek Iyer | Shloka Badkar March 4, 2026, 9:13:48 AM IST (Updated)2 Min ReadShares of JSW Infrastructure Ltd. declined nearly 3% in early trade on Wednesday, March 4, after the company said one of its 15 storage tanks at the Fujairah Liquid Terminal in UAE sustained damage from drone debris.
The remaining 14 tanks have been secured, the company said on Tuesday. Adequate insurance coverage for the facility is already in place, it added.
After the debris impact was detected, emergency response procedures were activated in line with the established safety protocols, the company said.
Local authorities as well as onsite safety teams acted swiftly and the situation was fully contained, the company said, adding that no injuries were reported.
The company said a technical assessment was underway to evaluate the structural impact and determine the restoration plan.
JSW Infra has a liquid storage terminal of 4.65 lakh cubic metre at Fujairah, UAE.
In the third quarter, the Fujairah Terminal handled 0.84 MMT of the total 31.73 MMT cargo that was handled.
JSW Infra reported a 9.1% increase in its net profit in the third quarter at ₹359 crore from ₹329 crore in the previous year.
Its revenue was up 14.2% at ₹1,349 crore from ₹1,181 crore in the previous year.
The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 10.1% to ₹643 crore from ₹584 crore last year.
Its EBITDA margin declined to 47.6% from 49.5% in the year-ago period.
Shares of JSW Infra were down 2.6% at ₹245 apiece in early trade on Wednesday. The stock has declined 19.2% in the last six months.
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