Reliance likely to bid for port project in Kerala

Reliance Industries moved up 0.66% to Rs 1357, on news that it is likely to join the race for the $1-billion Vizhinjam port on the Kerala coast.

The Kerala government has decided to call for fresh tenders from private players interested in developing the port.Reliance Industries (RIL) was looking at participating in a major port project on the west coast, which could rival Colombo's prominence, and hence the early interest in Vizhinjam International Seaport (VISL) that falls on the international shipping line.