Adani Ports shares in focus as co withdraws $553 million US loan for Sri Lanka terminal

Adani Ports and Special Economic Zone (APSEZ) shares will remain in focus after the company withdrew its $553 million loan request from the US Development Finance Corporation (DFC) for the Colombo West International Terminal (CWIT) project in Sri Lanka. APSEZ will fund the project through internal accruals. The CWIT project is progressing well and is expected to be commissioned by early next year.