Adani Ports moves up on getting LOI for Berth No. 13 at Deendayal Port
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Adani Ports and Special Economic Zone is currently trading at Rs. 1489.40, up by 11.50 points or 0.78% from its previous closing of Rs. 1477.90 on the BSE.
The scrip opened at Rs. 1494.40 and has touched a high and low of Rs. 1494.40 and Rs. 1483.65 respectively. So far 12807 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 714.65 on 14-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1519.20 and Rs. 1468.90 respectively. The current market cap of the company is Rs. 319246.93 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 26.81% and 7.30% respectively.
Adani Ports and Special Economic Zone (APSEZ) has received Letter of Intent (LOI) for development, operation and maintenance of Berth No. 13 at Deendayal Port. The Company has been awarded this LOI for a 30-year concession period through a competitive bidding process.
The Company will operate the berth under DBFOT (Design, Build, Finance, Operate and Transfer) basis for multipurpose clean cargo, including container cargo. Berth No. 13 is 300m long and offers 5.7 MMT capacity annually. The berth is likely to be commissioned during FY2026-27.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
