Adani Ports -; SEZ forms wholly-owned subsidiary 'HDC Bulk Terminal'; Stock surges near 3%

9 Mar 2022 , 10:37 AM

Adani Ports & Special Economic Zone Ltd has informed that the Company has incorporated a wholly owned subsidiary company “HDC Bulk Terminal Limited” on March 7, 2022.

As per regulatoryfiling, HDCBTL has been incorporated as a wholly owned subsidiary of the Company for carrying out the project i.e. mechanization of Berth No. 2 on Design, Build, Finance, Operate, Transfer (“DBFOT”) basis at Haldia Dock Complex Syama Prasad Mookerjee Port, Kolkata.

Further, HDCBTL belongs to Port industry and is yet to commence its business.

At around 10:39 AM on Wednesday, Adani Ports & SEZ was trading at Rs707 apiece up by Rs18.7 or 2.72% on Sensex.