BUZZ-India's JSW Infra closes higher on 23.59 bln-rupee capex approval

Reuters09-09

** Shares of India's JSW Infrastructure ended ~2% higher at 313 rupees, snapping eight-session losing streak

** Second-largest pvt port operator approves 23.59 bln rupees ($281 mln) capex to expand capacity at its two ports in Maharashtra

** Plans to boost capacity to 400 MTPA by FY30 from 170 MTPA currently

** Larger rival Adani Ports , which is targetting 1 bln tonne capacity by 2030, closed 0.5% lower

** JSWN, APSE both rated "buy" on avg - LSEG data

** JSWN has gained 50% YTD, outpacing APSE's 40% rise

($1 = 83.9525 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

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