Adani Port share price rebounds from today’s low after THIS capex update
Shares of Adani Ports and Special Economic Zone recovered sharply from Monday’s low (April 7) after the company announced the commencement of operations at the Colombo West International Terminal (CWIT), located at the Port of Colombo.
Developed under a landmark public–private partnership, the company said in today’s regulatory filing that CWIT is operated by a consortium comprising India’s largest port operator, APSEZ, leading Sri Lankan conglomerate John Keells Holdings PLC, and the Sri Lanka Ports Authority, under a 35-year Build, Operate, and Transfer (BOT) agreement.
Following this development, the shares rebounded 6.5% from today’s low, ending the session with a decline of 3.30% at ₹1,110 apiece.
According to the company, the…
