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Shares of Adani Ports and Special Economic Zone were trading higher by nearly 3% to Rs 328, at day’s high level on the BSE, after the company said it has received Kerala government’s nod for developing the Rs 4,089-crore Vizhinjam International Deepwater Seaport project.
The company has received “Letter of Award” for development of the Vizhinjam International Deepwater Seaport Project from Government of Kerala (GoK), Adani Ports said in a media release.
The total project cost estimated by the Kerala government is Rs 4,089 crore and the time-frame for commissioning of project is 4 years which will be met by Adani Group based on its past execution record, it added.
The stock opened at Rs 325 and touched a low of Rs 323 on the BSE. A combined 1.92 million shares changed hands on the counter on the BSE and NSE till 1233 hours.
The company has received “Letter of Award” for development of the Vizhinjam International Deepwater Seaport Project from Government of Kerala (GoK), Adani Ports said in a media release.
The total project cost estimated by the Kerala government is Rs 4,089 crore and the time-frame for commissioning of project is 4 years which will be met by Adani Group based on its past execution record, it added.
The stock opened at Rs 325 and touched a low of Rs 323 on the BSE. A combined 1.92 million shares changed hands on the counter on the BSE and NSE till 1233 hours.
