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Expansion▲ Bullish for Adani Ports
APSEZ doubles Colombo terminal capacity to 3.2 million TEUs with $750 million expansion
The brief
- The $750 million expansion doubles capacity to 3.2 million TEUs
- The terminal is expected to handle nearly a quarter of Colombo’s targeted 13 million TEU capacity by 2028
- The expansion adds capacity for Adani Ports, India's largest private port operator
- Adani shares in focus after ₹1.48 crore SEBI settlement over public-shareholding allegations
- SEBI drops Adani MPS case, finding insufficient evidence Vinod Adani controlled FPIs
- Four Adani firms settle SEBI public-shareholding case for ₹1.48 crore
- Centre designates Deendayal, JNPA, Paradip and Mundra as mega ports