Adani Enterprises Ltd.

Credit rating agency, CARE has reaffirmed AA- rating to Rs 800 crore long term bank facilities of Adani Enterprises. The rating agency has also reaffirmed A1+ rating to Rs 800 crore short term bank facilities of the company.

The ratings continue to draw strength from the wide experience of the promoters of the company in global trading business, the company’s leading position in imported coal trading business in the country along-with overseas mining assets and its diversified synergetic group operations having strong presence in the energy value chain.

The company 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.