 "Adani Ports gains on Dhamra Port expansion plan")
Adani Ports and Special Economic Zone has soared nearly 5% 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.
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.