Adani Port gains on inking MoU with AD Ports Group for joint infrastructure investments in Tanzania

Adani Ports and Special Economic Zone is currently trading at Rs. 812.95, up by 5.55 points or 0.69% from its previous closing of Rs. 807.40 on the BSE.

The scrip opened at Rs. 808.00 and has touched a high and low of Rs. 818.55 and Rs. 808.00 respectively. So far 55684 shares were traded on the counter.

Adani Ports
Adani Ports

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 924.65 on 27-Apr-2022 and a 52 week low of Rs. 652.05 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 820.60 and Rs. 765.05 respectively. The current market cap of the company is Rs. 171767.63 crore.

The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 29.30% and 4.65% respectively.

Adani Ports and Special Economic Zone (Adani Port) has entered into Memorandum of Understanding (MoU) with AD Ports Group for strategic joint investments in end-to-end logistics infrastructure and solutions, which include rail, maritime services, port operations, digital services, an industrial zone and the establishment of maritime academies in Tanzania.

The two companies signed the key agreement setting in motion a series of potential country-level investments to grow, improve, and promote an end-to-end maritime and logistics ecosystem which will make Tanzania a hub for the African region.

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.

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