February 28, 2013 / 6:34 AM / 4 years ago

Adani Ports falls on budget proposal for new ports

1 Min Read

A crane unloads coal from a ship during the inauguration ceremony of Adani Cargo Port at Dahej in Gujarat August 30, 2010.Amit Dave/Files

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.

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