Adani Ports and Special Economic Zone is currently trading at Rs. 1463.85, up by 33.65 points or 2.35% from its previous closing of Rs. 1430.20 on the BSE.
The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1469.70 and Rs. 1440.00 respectively. So far 22760 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. 754.50 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1469.70 and Rs. 1410.75 respectively. The current market cap of the company is Rs. 315628.70 crore.
The promoters holding in the company stood at 65.89%, while Institutions and Non-Institutions held 27.67% and 6.44% respectively.
Adani Ports and Special Economic Zone (APSEZ) has signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal (DPACCCTL), that will carry out operations at the berth.
In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300m long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.