Colombo - Business Outrank

The Adani Ports stock price increased by more than 1.5% on April 8 following the start of operations at the Sri Lanka-based Colombo West International Terminal (CWIT). The CWIT terminal represents a significant regional accomplishment for Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) through its public-private partnership model. The CWIT terminal operates under a 35-year BOT agreement between Adani Ports and Sri Lanka Ports Authority and John Keells Holdings. The $800 million facility includes a 1,400-metre quay structure with 20-metre depth capabilities to process 3.2 million TEUs per year. The terminal stands as Colombo's initial deep-water facility with complete automation capabilities to improve cargo operations while establishing the port as a major trans-shipment center in South Asia. Gautam Adani described the development as a “momentous milestone” in India-Sri Lanka regional cooperation because it will generate thousands of jobs and stimulate Sri Lankan economic development. John Keells Chairperson Krishan Balendra showed his optimism about the terminal because he believes it will improve worldwide connectivity. The strategic expansion of Adani Ports caused its stock price to rise to ₹1,128.50 while investors demonstrated positive sentiment through a 1.61% increase in share value. APSEZ maintains its position as India's largest port operator by expanding its maritime operations throughout both domestic and international waters.

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