Shares of Adani Ports rose nearly 1 percent on July 10, following the announcement that the company has been awarded the Letter of Intent (LoI) for the development, operation, and maintenance of Berth No. 13 at Deendayal Port. The contract is for a 30-year concession period through a competitive bidding process.
Adani Ports will operate the berth under a Design, Build, Finance, Operate, and Transfer (DBFOT) basis for multipurpose clean cargo, including container cargo. Berth No. 13, which is 300 meters long, offers an annual capacity of 5.7 million metric tons (MMT). The berth is expected to be commissioned during FY26-27.
As of 9:40 am, Adani Ports shares were trading half a percent higher at Rs 1,487.00 apiece on the National Stock Exchange (NSE). The stock has surged 41 percent so far this year, outperforming Nifty’s 12 percent return during the same period.
