Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs 250.00, up by 10.20 points or 4.25% from its previous closing of Rs 239.80 on the BSE.

The scrip opened at Rs 241.50 and has touched a high and low of Rs 252.00 and Rs 241.50 respectively. So far 318650 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 455.75 on 20-Jan-2012 and a 52 week low of Rs 151.70 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs 252.00 and Rs 225.50 respectively. The current market cap of the company is Rs 27055.33 crore.

The promoters holding in the company stood at 79.96% while Institutions and Non-Institutions held 15.98% and 4.06% respectively.

Adani Enterprises is planning a $1.5 billion global bond issue to fund its Australian coal, rail and port project. Besides the global bond issue, some of the other options the Adani Group is mulling for raising funds are by diluting promoter holding to 75 per cent in Adani Enterprises and Adani Ports.

The company is developing the Carmichael mine to produce 60 million tonnes a year of coal for export, mostly to power stations in India. The project also involves building a 400-km rail line. The Carmichael Coal Project in the Galilee Basin is the last undeveloped coal resource in Queensland. The company purchased the site for $110 million and is planning to spend $6 billion on the project.

On standalone basis, the company has reported a rise of 344.15% in its net profit at Rs 421.63 crore for the quarter, as compared to Rs 94.93 crore for the same quarter in the previous year.  Total income of the company has increased by 147.36% to Rs 2938.18 crore for the quarter under review as compared to Rs  1187.79 crore for the quarter ended June 30, 2011.