Adani Enterprises Ltd.

Adani Enterprises (AEL) has acquired 26% stake in Gidhmuri Paturia Collieries (GPCPL) from Sainik Mining and Allied Services. AEL acquired 2600 equity shares of face value of Rs 10 each constituting 26% of Share Capital of GPCPL for an aggregate investment of Rs 26,000. Objects of acquisition is to develop and operate the mines of coals and other minerals. Consequent to the above, GPCPL became a wholly owned subsidiary of the Company. 

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.