Adani Enterprises shares surged 3% reaching a fresh high of Rs 1,461.45 in intra-day trade on the BSE, gaining 11% in the previous two trading days. The Adani Group’s main firm, helmed by Gautam Adani, has already outshone its previous high of Rs 1,335, set in January 2008, prior to the reorganisation of its operations.
Adani Enterprises (AEL) currently operates primarily in the areas of integrated resources management (IRM) / coal trading, power trading, and mining services on a standalone basis. Solar cell and module manufacture, agro-processing (including the selling of branded edible oil), commodities trading, ship bunkering (fueling), and shipping are among AEL’s varied industries. AEL has made large investments in coal mining and related rail evacuation infrastructure in Australia through its companies, and is now developing new industries like as airports, road construction, water treatment plants, and data centres.
Adani Enterprises, the Adani group’s holding company, reorganised its operations in 2015 to allow separate emphasis of investors to invest in some of the major industries and to provide greater/enhanced emphasis to the functioning of the abovementioned companies.
As part of the reorganisation, Adani Enterprises’ port business was combined with Adani Ports Special Economic Zone Ltd (APSEZ), while its electricity business was combined with Adani Power. Adani Transmission was formed after the corporation demerged its transmission business. As part of its overall corporate structure, Adani Enterprises demerged its renewable energy business into associate firm Adani Green Energy and demerged its gas sourcing and distribution business into Adani Gas in 2018.
Aside from AEL’s market capitalisation (market cap) of Rs 1.6 trillion, the four other listed Adani Group companies, Adani Green Energy (Rs 2.03 trillion), Adani Transmission (Rs 1.7 trillion), Adani Ports and Special Economic Zone (Rs 1.7 trillion), and Adani Total Gas (Rs 1.6 trillion), each have a market capitalisation (market cap) of more than Rs 1.5 trillion. The other group firm, Adani Power, has a market capitalization of Rs 37,354 crore.
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Hello, my name is Anuj Boruah. I am quite interested in writing about current events in business, finance, and the economy. I work as a newswriter at Reviewminute.