Mundra Port gains on bagging Mormugao Port coal project

Mundra Port and Special Economic Zone finally settled with an increase of 3.5% to Rs 559. The stock touched a high of Rs 566 and a low of Rs 542 intra-day. The counter witnessed trades of 230,739 shares as against its two-week average traded quantity of 326,976 shares.
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(Updated 1245 hrs)

Mundra Port and Special Economic Zone has advanced 2.5% to Rs 553, after the company announced today that it bagged Mormugao Port coal terminal development concessions.

The stock touched a high of Rs 564, after opening at Rs 544. The counter has witnessed trades of around 93,300 shares so far as against its two-week average traded quantity of 326,976 shares. The scrip has surged 7.5% from its month-ago close of Rs 514.

The company announced in a release to the BSE today that it won the bid for the development of coal handling terminal at port of Mormugao, Goa in a design build, finance, operate and transfer (DBFOT) basis.