Mundra Port spurts on delivering a record of 62,718 tonnes of coal per day

29 Nov 2011 Evaluate

Mundra Port & Special Economic Zone is currently trading at Rs 129.60, up by 3.35 points or 2.65% from its previous closing of Rs 126.25 on the BSE.

The scrip opened at Rs 128.00 and has touched a high and low of Rs 130.55 and Rs 125.30 respectively. So far 99920 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 169.75 on 28-Oct-2011 and a 52 week low of Rs 115.25 on 25-Nov-2011.

Last one week high and low of the scrip stood at Rs 132.45 and Rs 115.25 respectively. The current market cap of the company is Rs 25292.85 crore.

The promoters holding in the company stood at 77.50% while Institutions and Non-Institutions held 15.65% and 6.86% respectively.

Adani Group-promoted Mundra Port and Special Economic Zone (MPSEZ) has claimed that its West Basin bulk handling terminal has delivered a record 62,718 tonnes a day coal to Adani Power’s plant. This large tranche of coal was delivered through a world class high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 km from the port to the power plant.

Adani Power, one of the country’s largest private thermal power producers, is setting up a 4,620 MW power plant at Mundra in Gujarat while, Tata Power is constructing a 4,000 MW ultra mega power project at the same location.

The accomplishment of import and time-bound delivery of first such large tranche of coal establishes MPSEZ’s prowess in developing world-class port infrastructure in India and abroad. The West Basin is Asia’s largest coal import terminal and has been set up to primarily cater to supply imported coal to the power plants in the region, the statement said.

Mundra port, which is India’s fourth largest commercial port is expanding the West Basin terminal and construction, as per the company, is going on in full swing.

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