Adani Enterprises Ltd.

Adani Enterprises, the flagship of Adani Group, has signed five agreements for supply of imported coal with NTPC, the country’s largest power generation company. Adani Enterprises will supply 4 million tonnes (mt) of coal imported from global sources between March to June 2012 to NTPC’s fourteen power stations across India. The imported coal is required to meet the coal blending requirements of the NTPC Power stations.

The company will supply 1mt of imported coal to NTPC’s Talcher power stations, 1mt for Farakka and Kahalgaon stations, 0.5mt for Simhadri and Ramagundam stations, 0.8mt for Dadri, Rihand, Singrauli, Tanda, Unchchar and Vindhyachal stations and 0.70mt for Korba and Sipat stations.

The company posted a jump of about five fold in its net profit to Rs 50.24 crore for the quarter ended December 31, 2011 as compared to Rs 10.34 crore for the same quarter in the previous year. The total income increased by 80.66% to Rs 1,298.00 crore for quarter under review as compared to Rs 718.49 crore for the quarter ended December 31, 2010.