Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs. 306.20, up by 5.35 points or 1.78% from its previous closing of Rs. 300.85 on the BSE.

The scrip opened at Rs. 301.50 and has touched a high and low of Rs. 309.60 and Rs. 300.85 respectively. So far 137685 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. 309.60 and Rs. 274.25 respectively. The current market cap of the company is Rs. 33670.69 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 (AEL), India’s largest coal importer and part of the Adani Group is likely to add 17 more ships to its current fleet by 2020. It aims to spend close to Rs 3,400 crore for adding these ships.

Recently AEL has acquired one more ship for ferrying fuel from its overseas coal mines. It aims to buy at least 2 ships every year for the next eight years. Investment of about Rs 200 crore or nearly $40 million is required to buy a capesize vessel, which is mainly used in the import and export of coal.

The company has fixed out an ambitious plan for the next eight years. It aims at mining as much as 200 million tonnes of coal, achieve a cargo handling capacity of 200 million tonnes, produce 20,000 MW electricity, besides buying 17 more ships by 2020. The group operates ports at Mundra, Dahej, Hazira (Gujarat), coal berths in Goa and Visakhapatnam, and a coal terminal in Abbot Point in Australia.