Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs. 363.50, up by 4.95 points or 1.38% from its previous closing of Rs. 358.55 on the BSE.

The scrip opened at Rs. 359.00 and has touched a high and low of Rs. 368.70 and Rs. 352.45 respectively. So far 212745 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 765.95 on 26-Jul-2011 and a 52 week low of Rs. 261.45 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 380.90 and Rs. 345.00 respectively. The current market cap of the company is Rs. 39901.11 crore.

The promoters holding in the company stood at 78.32% while Institutions and Non-Institutions held 16.70% and 4.98% respectively.

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.