Adani Ports and Special Economic Zone Ltd.

BSE: 532921 | NSE: ADANIPORTS
Large Cap | Port
1421.50
-8.15 (-0.57%)
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Adani Ports inches up on receiving letter of award from Kerala government

Date: 15-07-2015

Adani Ports and Special Economic Zone is currently trading at Rs. 316.05, up by 0.05 points or 0.02% from its previous closing of Rs. 316.00 on the BSE.

The scrip opened at Rs. 316.90 and has touched a high and low of Rs. 317.75 and Rs. 315.50 respectively. So far 21377 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 357.95 on 28-Feb-2015 and a 52 week low of Rs. 244.00 on 17-Oct-2014.

Last one week high and low of the scrip stood at Rs. 330.00 and Rs. 313.00 respectively. The current market cap of the company is Rs. 65493.85 crore.

The promoters holding in the company stood at 56.26% while Institutions and Non-Institutions held 37.20% and 6.54% respectively.

Adani Ports and Special Economic Zone (APSEZ) has received the letter of award (LoA) for the mega Vizhinjam port project from the Kerala government. The LOA was issued on the basis of the June 10 Cabinet decision to accept the sole bid submitted by APSEZ that was recommended by the board of Vizhinjam International Seaport (VISL), a special purpose vehicle set up to execute the project, and the five-member empowered committee. The LoA requires the Adanis to execute the concession agreement within 45 days of its receipt and furnish the performance security.

Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player.