/ Chinese Company Signs MoU With Adani Group To Invest USD 300 Million ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 20 June 2017

Adani Group has signed a Memorandum of Understanding (MoU) with East Hope Group of China to invest USD 300 million in a manufacturing unit of an Indian port.

The MoU was signed between Amit Uplenchar, President of Adani Ports and Special Economic Zone and Meng Changjun, President of East Hope Group (Investment) on Monday, reported a leading news agency.

The MoU will facilitate the establishment of manufacturing units in Mundra special economic zone in Gujarat for manufacturing of solar power generation equipment, chemicals, aluminium and animal feed.

Meanwhile, Adani Ports was trading up by 0.5% at Rs 375.70 per share at 1440 hours IST on BSE. 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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