Adani Ports gains on emerging as highest bidder for greenfield deep-sea port project at Tajpur
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Adani Ports and Special Economic Zone is currently trading at Rs. 751.25, up by 14.10 points or 1.91% from its previous closing of Rs. 737.15 on the BSE.
The scrip opened at Rs. 741.00 and has touched a high and low of Rs. 760.55 and Rs. 738.20 respectively. So far 478620 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 901.00 on 09-Jun-2021 and a 52 week low of Rs. 638.00 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 760.55 and Rs. 727.00 respectively. The current market cap of the company is Rs. 159304.63 crore.
The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 31.18% and 4.99% respectively.
Adani Ports and Special Economic Zone (APSEZ) has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group. West Bengal government expects that the first phase of the project will be completed in three-four years, and it will be operational.
The company will get 125 acres of seafront land for the development of the port, and another 1,000 acres, situated 4 km away, for port-linked industrial development.
The price bid for the tender, floated by the West Bengal Industrial Development Corporation (WBIDC), was opened on March 23, 2022 in the presence of the bidders -- APSEZ and JSW Infrastructure.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.
