Monday, November 29, 2021
HomeUncategorizedAdani Ports gains on Dharma Port expansion plan

Adani Ports gains on Dharma Port expansion plan

AdaniAdani Ports and Special Economic Zone has soared nearly 5 per cent to Rs. 287 on reports that the company is planning to expand Dhamra Port’s capacity to 100 million tonnes (MT)per annum.

The expanded capacity will be four times the port’s current capacity of 25 MT a year.

In May this year, Adani Ports, part of the Adani Group, had acquired Dhamra Port Company from L&T and the Tatas in a deal valued at Rs. 5,500 crore.

The stock opened at Rs. 275 and hit a high of Rs. 290 on National Stock Exchange (NSE). A combined 5.39 million shares changed hands on the counter till late noon deals on NSE and BSE.

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