Adani Enterprises Ltd.

Adani Enterprises is currently trading at Rs. 211.15, up by 0.65 points or 0.31% from its previous closing of Rs. 210.50 on the BSE.

The scrip opened at Rs. 212.05 and has touched a high and low of Rs. 217.85 and Rs. 210.00 respectively. So far 192833 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 319.95 on 10-Apr-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. 230.00 and Rs. 206.25 respectively. The current market cap of the company is Rs. 23354.47 crore.

The promoters holding in the company stood at 76.46% while Institutions and Non-Institutions held 19.87% and 3.68% respectively.

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.