Adani Ports’ shares rose roughly 1% on July 10, a day after the company announced that it had been awarded a Letter of Intent (LoI) for the development, operation and maintenance of Berth No. 13 at Deendayal Port. The LoI is for a 30-year concession period awarded through a competitive bidding process.
The berth for multipurpose clean cargo, including container cargo, will be operated by Adani Ports on a DBFOT (Design, Build, Finance, Operate and Transfer) basis. Notably, the 300-meter-long Berth No. 13 has an annual capacity of 5.7 million tons. The berth is probably going to be commissioned during FY26-27.
Adani Ports’ shares were trading 0.5% higher at Rs 1,487.15 a share on the National Stock Exchange (NSE) at 9:42 a.m. The stock has increased by 41% so far this year, surpassing the Nifty’s gains of 12% during the same time period.
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