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2010 December 24   09:30

Mundra Port begins operations at 60 mn ton coal terminal

Mundra Port and Special Economic Zone (MPSEZL), arm of Adani Group has commenced operations at its 60 million ton fully mechanized coal handling terminal at Mundra.
With this MPSEZs total handling capacity stands at more than 115 million tons at Mundra, making Mundra Port one of the largest ports in term of handling capacities in India.
The stock had outperformed the market over the past one month till Dec. 22, 2010, rising 2.33% compared with the Sensexs 0.29% rise. It underperformed the market in past one quarter, declining 10.74% as against 0.37% rise in the Sensex.
Shares of the company declined Rs 1.8, or 1.2%, to trade at Rs 147.60. The total volume of shares traded was 36,201 at the BSE

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