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India's Adani Ports falls on budget proposal for new ports

Source : REUTERS
Last Updated: Thu, Feb 28, 2013 06:39 hrs
Investors watch a display at a local share market in the northern Indian city of Chandigarh

Shares in India's Adani Ports and Special Economic Zone Ltd 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 federal budget.

Dealers say that may reduce traffic through Adani-operated ports.


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