Adani Enterprises Ltd.

The scrip opened at Rs. 499.70 and has touched a high and low of Rs. 505.00 and Rs. 498.50 respectively. So far 124174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 585.00 on 16-May-2014 and a 52 week low of Rs. 210.40 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 505.00 and Rs. 469.50 respectively. The current market cap of the company is Rs. 55072.99 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 21.59% and 3.41% respectively.

Adani Enterprises, the flagship company of the Adani Group, has entered into a Memorandum of Understanding (MoU) with State Bank of India (SBI) for its upcoming coal mine at Carmichael in Queensland, Australia. As per the MoU, the bank will provide a loan of up to $1 billion to the company.

Furthermore, the company has also received a commitment from the Queensland state government to take short-term, minority stakes in rail and port infrastructure needed to unlock the massive coal reserves in the untapped Galilee Basin. Coal from the region must be sent 400 km by rail to Australia’s east coast.

Adani Enterprises is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.