Adani group signs MoU with Chinese Company to invest USD 300 million
DSIJ Intelligence / 20 Jun 2017
Adani Group and East Hope Group of China have signed a Memorandum of Understanding (MoU) to invest USD 300 million in a manufacturing unit of an Indian port.
Adani Group and East Hope Group of China have signed a Memorandum of Understanding (MoU) to invest USD 300 million in a manufacturing unit of an Indian port.
Amit Uplenchar, President of Adani Ports and Special Economic Zone and Meng Changjun, President of East Hope Group (Investment), on Monday, signed the MoU between them, reported a leading news agency.
The MoU will facilitate establishment of manufacturing units in Mundra special economic zone in Gujarat for manufacturing of solar power generation equipment, chemicals, aluminium and animal feed.
Meanwhile, at Rs 375.70 per share at 1440 hours IST on BSE, Adani Ports was trading up by 0.5%. The stock hit a 52-week high value of Rs 377.75 on Tuesday. The market capitalisation of the company is Rs 77,774.59 crore.
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