Adani Ports surges on commencing operations at Colombo West International Terminal
Adani Ports and Special Economic Zone is currently trading at Rs. 1132.05, up by 20.55 points or 1.85% from its previous closing of Rs. 1111.50 on the BSE.
The scrip opened at Rs. 1135.05 and has touched a high and low of Rs. 1155.55 and Rs. 1126.55 respectively. So far 52264 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. 993.85 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 1205.35 and Rs. 1041.05 respectively. The current market cap of the company is Rs. 244614.13 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 28.14% and 5.96% respectively.
Adani Ports and Special Economic Zone (APSEZ) has commenced operations at the Colombo West International Terminal (CWIT), located at the Port of Colombo. Developed under a landmark public-private partnership, CWIT is operated by a consortium comprising India’s largest port operator APSEZ, leading Sri Lankan conglomerate John Keells Holdings PLC, and the Sri Lanka Ports Authority, under a 35-year Build, Operate, and Transfer (BOT) agreement.
The CWIT project represents a significant investment of $800 million and features a 1,400-metre quay length and 20-metre depth, enabling the terminal to handle around 3.2 million Twenty-foot Equivalent Units (TEUs)
