Adani Ports And Special Economic Zone Ltd. will partner with John Keells Holdings Plc. and Sri Lankan Port Authority to develop the West Container Terminal (WCT) in which Adani Ports will hold 51% of stake, a statement issued by the company said on Monday. According to Bloomberg Quint, the first-ever Indian port operator in Sri Lanka, Adani Ports will hold 51% in the terminal partnership and WCT will be developed to reach a capacity of 3.5 million Twenty-Foot Equivalent Units (TEUs). Adani Ports was to earlier develop the East Container Terminal at the Sri Lanka Port. That deal ran into local union trouble prompting the Sri Lanka government to pull out.

Source: The Nation March 16, 2021 01:41 UTC