Annual Report of FY 2020-21, of JITF Infralogistics Ltd, an O.P. Jindal Group Company, carries following statement on its first page-

With the government’s unwavering focus on improving India’s infrastructure, the company is poised for the next level of growth.
JITF Infralogistics Limited aims to be a prominent infrastructure development company with focus on sustainable development in the Railway Rolling Stock manufacturing, Water and Waste Water EPC business and Waste to Energy under Municipal Solid Waste management sector.

OP Jindal Group has over 12 listed companies, with combined M cap of over Rs. 3 lakh cr, with 4 brothers controlling this Group. And if a group company, carries such statement, it is read with weight and carries meaning and substance.

JITF has promoter stake of  63.02%, largely controlled by 4 brothers, with

1)    Sajjan Jindal owning about 18%, largely through Nalwa Sons Investments.

2)    Prithvi Raj Jindal owning about 16%, largely through Siddeshwari Tradex Pvt. Ltd.

3)    Ratan Jindal owning about 12%, largely through Sigma Tech Inc.

4)    Naveen Jindal, the youngest brother, owning about 17%, largely through Four Seasons Investments. Ltd.

It is learnt that Sajjan and Naveen, two youngest brothers are trying to convince their elder brothers Prithvi Raj and Ratan, to relinquish their rights in favour of both. Thereafter, Sajjan and Naveen will decide to be the sole owner, as both are hugely positive on the business prospects of the company.

This will not surprise us to see share moving to Rs. 500, in this FY, by March 22, due to extremely low float seen existing of this Rs. 650 crore M cap company.

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