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Adani Enterprises’ arm emerges as preferred bidder for Ballada Bauxite Block

03 Mar 2023 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Mundra Aluminium (MAL) has been emerged as preferred bidder for Ballada Bauxite Block and subsequently a Letter of Intent (LoI) has been issued by Government of Odisha in respect of the said mineral block in Odisha.

Earlier, Mundra Aluminium had been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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