Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs. 293.30, up by 9.20 points or 3.24% from its previous closing of Rs. 284.10 on the BSE.

The scrip opened at Rs. 281.05 and has touched a high and low of Rs. 294.40 and Rs. 279.00 respectively. So far 1,97,000 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. 294.40 and Rs. 274.25 respectively. The current market cap of the company is Rs. 33,888.00 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 Ltd (AEL), India’s largest coal importer and part of the Adani Group, has signed agreements for supply of imported coal with NTPC Ltd, the country’s largest power generation company. AEL will supply four million tonnes (mt) of coal imported from global sources between March to June 2012 to NTPC’s power stations across India, the company said here. The imported coal is required to meet the coal blending requirements of the NTPC power stations.

The company will supply one mt of coal each to NTPC’s power stations at Talcher, Farakka and Kahalgaon, 0.5 mt for the Simhadri and Ramagundam stations, 0.8 mt for the Dadri, Rihand, Singrauli, Tanda, Unchchar and Vindhyachal stations, and 0.7 mt for the Korba and Sipat stations. AEL has a market share of over 50 per cent in supplying imported coal in India, with almost all the State-run power utilities in the country as its customers.

It is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. The company is expected to mine 200 mt of coal per annum in 2020, making it one of the largest mining groups in the world.