ADANI ENTERPRISES LTD.
NSE : ADANIENTBSE : 512599ISIN
CODE : INE423A01024Industry : TradingHouse
: Adani
BSE2993.30-43.85 (-1.44 % )
PREV CLOSE (Rs.) 3037.15
OPEN PRICE (Rs.) 3034.60
BID PRICE (QTY) 0.00 (0 )
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VOLUME 81367
TODAY'S LOW / HIGH (Rs.)
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NSE2993.25 -46.35 (-1.52 % )
PREV CLOSE(Rs.) 3039.60
OPEN PRICE (Rs.) 3030.00
BID PRICE (QTY) 2993.25 (58 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1472168
TODAY'S LOW / HIGH(Rs.)
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Company News
| Date | Heading | Details |
|---|---|---|
| 03-May-2024 | Coforge, Tata Steel and MOIL to see some action today | <p style="text-align: justify;"><b>Coforge</b>'s wholly owned subsidiary -- Coforge Pte., Singapore, has entered into a loan agreement for availing loan facility with Hongkong and Shanghai Banking Corporation, a company organised under the Companies Ordinance of the Hong Kong Special Administrative Region (HKSAR) and operating from its International Financial Services Centre Banking Unit in GIFT City, Gujarat. The Facility Agreement has been entered into in respect of bridge loan facility for an amount up to $250 million. </p><p style="text-align: justify;"><b>Tata Steel</b>, through Tata Steel Industrial Consulting Division (TSIC), and TEXMiN, the Mining Technology Innovation Hub at IIT (ISM) Dhanbad, have forged a landmark partnership aimed at catalysing innovation and reshaping the landscape of natural resource management in India. The Memorandum of Understanding (MoU) marks a significant commitment towards propelling the mining industry into the era of Mining 4.0, underlining both institutions' dedication to fostering a sustainable and efficient future for the sector. The partnership between TSIC and TEXMiN encompasses a multifaceted approach aimed at achieving several key objectives.</p><p style="text-align: justify;">Continuing its spectacular performance of FY24, <b>MOIL </b>has registered its best ever April production since inception at 1.60 lakh tonnes in April, 2024, registering a significant growth of 22% over April, 2023. On the sales front, the company has achieved its best ever April sales of 1.15 lakh tonnes in April, 2024, registering a growth of 17% in comparison to April 2023.</p><p style="text-align: justify;"><b>UGRO Capital</b>'s Board of Directors have approved an equity capital raise of Rs 1,322 crore through Compulsory Convertible Debentures (CCD) and Warrants. The equity fund raise is subject to shareholder approval. UGRO raised this capital through an innovative combination of Compulsorily Convertible Debentures with Warrants, ensuring that the capital required for both the current year's growth and next year's growth is effectively locked in today.</p><p style="text-align: justify;"><b>SIKA Interplant Systems</b> has secured additional new orders for advanced engineering products and services amounting to Rs 86 crore (approximate). With these additional contracts, the cumulative of new orders received by the company over the last thirteen months is Rs 236.5 crore (approximate) as on April 30, 2024.</p><p style="text-align: justify;"><b>Indian Energy Exchange</b>, India's premier electricity exchange, achieved 9,044 MU overall volume, in April24, marking a 14.1% year-over-year increase. </p><p style="text-align: justify;"><b>Adani Enterprises </b>has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 76.17% rise in its net profit at Rs 776.71 crore for the quarter under review as compared to Rs 440.88 crore for the same quarter in the previous year. However, total income of the company decreased by 10.62% at Rs 9,556.66 crore for Q4FY24 as compared Rs 10,692.75 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 54.88% fall in its net profit at Rs 352.25 crore for fourth quarter ended March 31, 2024 as compared to Rs 780.68 crore for the same quarter in the previous year. However, total income of the company increased by 1.09% at Rs 29,630.29 crore for Q4FY24 as compared Rs 29,311.42 crore for the corresponding quarter previous year.</p> |
| 02-May-2024 | Adani Enterprises reports 55% fall in Q4 consolidated net profit | <p style="text-align: justify;">Adani Enterprises has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 76.17% rise in its net profit at Rs 776.71 crore for the quarter under review as compared to Rs 440.88 crore for the same quarter in the previous year. However, total income of the company decreased by 10.62% at Rs 9,556.66 crore for Q4FY24 as compared Rs 10,692.75 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 54.88% fall in its net profit at Rs 352.25 crore for fourth quarter ended March 31, 2024 as compared to Rs 780.68 crore for the same quarter in the previous year. However, total income of the company increased by 1.09% at Rs 29,630.29 crore for Q4FY24 as compared Rs 29,311.42 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 75.28% rise in net profit at Rs 2,844.26 crore as compared to Rs 1,622.73 crore for the previous year. However, total income of the company decreased by 43.06% at Rs 33,679.15 crore for year under review as compared to Rs 59,151.19 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 37.73% rise in its net profit at Rs 3,335.27 crore as compared to Rs 2,421.60 crore for the previous year. However, total income of the company decreased by 23.66% at Rs 98,281.51 crore for year under review as compared to Rs 128,734.09 crore for year ended March 31, 2023. </p><div style="text-align: justify;"><br></div> |
| 29-Apr-2024 | Adani Enterprises' JV establishes India's largest sustainability linked financing to raise up to $1.44 billion | <p style="text-align: justify;">AdaniConneX, a 50:50 JV between Adani Enterprises and EdgeConneX, has established India's largest sustainability linked financing to raise up to $1.44 billion. The financing has an initial commitment of $875 million, with an accordion feature to extend commitment up to $1.44 billion. The transaction elevates AdaniConneX's construction financing pool to $1.65 billion, building on the maiden construction facility of $213 million executed in June 2023.</p><p style="text-align: justify;">The upcoming data center facilities will employ state-of-the-art technologies and renewable energy solutions to minimise the ecological footprint while optimising operational efficiency. The sustainability-linked financing reinforces AdaniConneX's commitment towards driving a safety-first culture, delivering world-class Power Usage Effectiveness (PUE) by adopting global best practices, and leveraging renewable energy resources. </p><p style="text-align: justify;">A key feature of the facility is the innovative solution of a syndicated guarantee backed assurance programme in sync with the projects' procurement strategy. Definitive agreements have been executed with eight international lenders – ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Societe Generale and Sumitomo Mitsui Banking Corporation. Access to a wide pool of liquidity strengthens the company's strategy to fast-track the implementation of portfolio assets in sync with accelerating demand. This transformative approach towards financing is a significant step towards building sustainable digital infrastructure that will fuel economic progress and accelerate India's digital growth.</p><p style="text-align: justify;">Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations.</p><div style="text-align: justify;"><br></div> |
| 27-Apr-2024 | Adani Enterprises' arm completes acquisition of 49% stake in Adani Esyasoft Smart Solutions | <p style="text-align: justify;">Adani Enterprises' wholly owned subsidiary--Adani Global has completed the acquisition of 49% stake of Adani Esyasoft Smart Solutions (AESSL), Abu Dhabi from Esyasoft Holding, UAE on April 26, 2024. </p><p style="text-align: justify;">AESSL is engaged inter alia, in the business of developing smart solutions such as smart metering software, load forecasting, revenue maximization and other efficiency-based software products and solutions for utilities both in India and globally. The objective of this transaction is to support captive requirements to build smart metering solutions and also extend the same globally to other sectors as well. The equity consideration for 49% stake (24,500 shares) is $24,500. </p><p style="text-align: justify;">Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations.</p><div style="text-align: justify;"><br></div> |
| 18-Apr-2024 | Adani Enterprises' arm incorporates JV Company in Singapore | <p style="text-align: justify;">Adani Enterprises' step-down subsidiary -- Mumbai Travel Retail (MTRPL) has completed the incorporation process of a joint venture (JV) company namely ‘KING POWER OSPREE PTE.' (KPO) in Singapore on April 16, 2024 (confirmation of the same has been received by the Company on April 16, 2024) with KING Power international Pte., Singapore. MTRPL shall hold 50% share capital of KPO. KPO is incorporated for the purpose of retail and wholesale business.</p><p style="text-align: justify;">Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations.</p><div style="text-align: justify;"><br></div> |
| 18-Apr-2024 | Adani Enterprises inches up as its arm incorporates JV Company in Singapore | <p style="text-align: justify;">Adani Enterprises is currently trading at Rs. 3108.25, up by 2.30 points or 0.07% from its previous closing of Rs. 3105.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 3129.25 and has touched a high and low of Rs. 3145.05 and Rs. 3103.15 respectively. So far 57588 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3349.35 on 04-Mar-2024 and a 52 week low of Rs. 1775.80 on 24-Apr-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 3247.00 and Rs. 3098.25 respectively. The current market cap of the company is Rs. 354375.05 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 20.18% and 7.21% respectively.</p><p style="text-align: justify;">Adani Enterprises' step-down subsidiary -- Mumbai Travel Retail (MTRPL) has completed the incorporation process of a joint venture (JV) company namely ‘KING POWER OSPREE PTE.' (KPO) in Singapore on April 16, 2024 (confirmation of the same has been received by the Company on April 16, 2024) with KING Power international Pte., Singapore. MTRPL shall hold 50% share capital of KPO. KPO is incorporated for the purpose of retail and wholesale business.</p><p style="text-align: justify;">Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations.</p> |
| 13-Apr-2024 | Adani Enterprises' arm inks pact to acquire 49% stake in Adani Esyasoft Smart Solutions | <p style="text-align: justify;">Adani Enterprises' wholly owned subsidiary (WOS) -- Adani Global, Mauritius has executed a Shareholders' Agreement (SHA) for acquiring 49% stake of Adani Esyasoft Smart Solutions (AESSL), Abu Dhabi from Esyasoft Holding, UAE. </p><p style="text-align: justify;">The Agreement has been executed to engage in the business of interalia developing smart solutions such as smart metering software, load forecasting, revenue maximization and other efficiency based software products and solutions for utilities both in India and globally. Adani and Esyasoft Holding shall hold 49% and 51% shareholding respectively in AESSL with equal participation in the Board of Directors of AESSL. </p><p style="text-align: justify;">Adani Enterprises is the flagship company of Adani Group, one of India's largest business organisations.</p><div style="text-align: justify;"><br></div> |
| 11-Apr-2024 | Adani Enterprises informs about certificate | <div style="text-align: justify;">Pursuant to Regulation 40(9) and 40(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Adani Enterprises has submitted the Certificate from a Practicing Company Secretary for the year from 1st April, 2023 to 31st March, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 28-Mar-2024 | Adani Enterprises informs about submission of media release | <div style="text-align: justify;">Adani Enterprises has enclosed Media Release on the subject ‘Adani's copper unit in Mundra begins operations' by Kutch Copper, Wholly Owned Subsidiary of the Company.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 20-Mar-2024 | G R Infraprojects, Entertainment Network and Adani Enterprises to see some action today | <p style="text-align: justify;"><b>G R Infraprojects</b> has received completion certificate for the project of Construction of Four Lane Elevated Road as part of under construction J P Ganga Path (Digha to Deedarganj) from Dulli Ghat (Ch. 13+525.79 Km) to Nuruddin Ghat (Ch: 16+975.79Km), from Dharamshala Ghat (Ch: 19+890 Km) to Old NH-30 (Ch: 20+530.5) along with connectivity to Ashok Raj path at Kangan Ghat (Ch: 15+700 Km) and Patna Ghat (Ch: 16+600 Km.) with allied facilities at Patna in the State of Bihar on EPC mode. The completion certificate has been issued by the Authority's Engineer on March 19, 2024 and has declared the project fit for entry into commercial operation with effect from February 13, 2024.</p><p style="text-align: justify;"><b>Entertainment Network (India) </b>has received approval for acquiring up to 50% equity interest stake in Ninety-nine Audiovisual Media Production LLC, Saudi Arabia based entity, by investing up to five million Saudi Riyal (SAR). The company intends to initiate radio broadcasting operations in Saudi Arabia and NN LLC has obtained licenses for the same from the government of Saudi Arabia. </p><p style="text-align: justify;"><b>Adani Enterprises</b>' wholly owned subsidiary -- Adani Tradecom (ATL) has acquired balance 49% stake in Adani Green Technology (AGTL) from Adani Trading Services LLP (ATS LLP) and hence AGTL has become a step-down wholly owned subsidiary of the Company. Consequent to the above, Mundra Solar, a wholly owned subsidiary of AGTL, has also become a step-down wholly owned subsidiary of the Company.</p><p style="text-align: justify;"><b>Rushil Decor </b>has incorporated subsidiary company of in the name of ‘Rushil Modala PLY' on March 19, 2024. The company incorporated for the purpose of manufacturing and sale of Plywood and other allied products.</p><p style="text-align: justify;"><b>KIOCL </b>has installed 4 No's of Vertical Pressure Filters in Pellet Plant Unit situated at Mangalore as a part of upgradation of the existing filtration system to achieve desired moisture in filter cake for pellet feed from iron ore having high alumina & slime. The capacity of each filter is 100 Tons/hr. The filters are under operation now. The performance guarantee test has been started from March 18, 2024 to ensure the desired parameters. </p><p style="text-align: justify;"><b>EFC</b> (I) -- wholly owned subsidiary -- EFC has bagged prestigious contract for Supply, Installation, Testing, Commissioning and Handing Over of Interior, MEP and Allied works at Tata Consultancy Services (TCS), IIT Delhi Research & Innovation Park, New Delhi. The company has begun the work of mobilization of resources to complete the project well within the prescribed timelines as per the Contract Terms.</p><p style="text-align: justify;"><b>Tata Consultancy Services</b> (TCS) has announced that Central Bank, a leading Midwest regional bank, will use TCS BaNCS to update its core technology infrastructure, drive innovation, and strengthen customer relationships. Central Bank's strategic partnership with TCS aims to create frictionless and flexible customer onboarding processes, enabling continued growth for the bank. Central Bank manages more than $20 billion in assets serving more than 150 locations in 78 communities throughout Missouri, Kansas, Illinois, and Oklahoma. The bank's decision to deploy TCS BaNCS underscores its commitment to embracing advanced technology to simplify operations and enhance customer experiences. </p><div style="text-align: justify;"><br></div> |
