Adani Enterprises Ltd.

Adani Enterprises, the flagship company of the Adani Group, a global integrated infrastructure player, has started coal production at the Parsa East-Kanta Basan mine in Chhattisgarh, owned Rajasthan Rajya Vidyut Utpadan Nigam, a state-run power generation utility of Rajasthan.

This is the first amongst the four mine developer cum operator (MDO) contracts bagged by Adani Enterprises and marks the beginning of Adani Group’s ‘Resources’ business vertical in India. The company has outlined a phased capital outlay of Rs 3,000 crore for the entire block.

With this step, the entity is set to emerge as the largest private coal miner with access to produce coal of up to 90 million tonnes and reserves of over 3 billion tonnes over next 30 years, enough to produce about 18,000 megawatts of electricity by state electricity boards.