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Vedanta gains on inking concession pact for redevelopment of Mormugao Port

23 Sep 2016 Evaluate

Vedanta is currently trading at Rs. 169.15, up by 1.00 points or 0.59% from its previous closing of Rs. 168.15 on the BSE.

The scrip opened at Rs. 168.90 and has touched a high and low of Rs. 169.95 and Rs. 167.20 respectively. So far 245283 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 180.70 on 07-Sep-2016 and a 52 week low of Rs. 58.10 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 170.25 and Rs. 159.35 respectively. The current market cap of the company is Rs. 50162.63 crore.

The promoters holding in the company stood at 62.86%, while institutions and non-institutions held 22.65% and 10.20% respectively.

Vedanta has inked a concession agreement for redevelopment of berths at the Mormugao port in Goa. The redevelopment of the Mormugao Port will help improve the infrastructure and enable development of the state. The agreement was signed between Vedanta and Mormugao Port Trust in the presence of Road, Transport, Highways and Shipping Minister Nitin Gadkari and Goa Chief Minister Laxmikant Paresekar.

The company had received the Letter of Award for the project on April 15, 2016 on a Design, Build, Finance, Operate and Transfer (DBFOT) Basis. The Project will be handled by Goa Sea Port, which currently owns and operates a 14 million tonnes per annum (MTPA) capacity fully mechanised coal terminal in Visakhapatnam Port of Andhra Pradesh. The total estimated project cost is Rs 1,145 crore and construction is expected to be completed in five years.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.

Vedanta Share Price

779.60 -8.00 (-1.02%)
20-Apr-2026 10:02 View Price Chart
Peers
Company Name CMP
Hindalco 1023.60
Vedanta 779.60
Hindustan Zinc 586.70
Jain Resource Recycl 410.55
Gravita India 1671.30
View more..

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