Reuters Market Eye - Shares in Adani Ports and Special Economic Zone Ltd(APSE.NS) slump 3 percent after Finance Minster P. Chidambaram proposed to set up two new ports in Andhra Pradesh and West Bengal in the 2013/14 union budget.
Dealers say that may reduce traffic through Adani-operated ports.
Trending On Reuters
Indian conglomerate Adani Group has started building the country's first transshipment port, conceived 25 years ago, and the government will construct another $4-billion facility nearby to create a shipping hub rivalling Chinese facilities in the region. Full Article