Shares of Adani Port and Special Economic Zone (APSEZ), Lanco Infratech and Punj Lloyd are down by 4% each on reports that the Union Home Ministry has barred these three companies from participating in two major port projects on security grounds.
APSEZ is trading at Rs 108, near its 52-week low on the BSE. Lanco Infratech is trading at Rs 11.37 and Punj Lloyd at Rs 47.40 in morning trades.
“APSEZ and Punj Lloyd have been denied security clearance for the coal import terminal at the government-controlled Mormugao Port in Goa, Lanco Infratech has been denied permission for the cargo berth facility at Tuticorin Port,” the report suggests quoting government officials.
