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Adani Enterprises Ltd (ADEL.NS)

ADEL.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Adani Enterprises says dilution of co's stake in Adani Green Energy
Tuesday, 6 Jun 2017 09:30am EDT 

June 6 (Reuters) - Adani Enterprises Ltd :Says dilution of company's stake in Adani Green Energy Ltd.Says stake in Adani Green has been diluted to below 50 percent and Adani Green has ceased to be co's unit.  Full Article

Downer ‍updates on letter of award for Carmichael coal mine contract​
Monday, 5 Jun 2017 09:47pm EDT 

June 6 (Reuters) - Downer Edi Ltd :Updates on letter of award for Carmichael coal mine contract​.Received an updated letter of award from Adani in relation to mining services component of project.Updated deal provides further clarification on scope of work to be performed and process for negotiating a binding mining services contract.  Full Article

India's Adani Enterprises March-qtr consol profit up about 72 pct
Wednesday, 24 May 2017 07:51am EDT 

May 24 (Reuters) - Adani Enterprises Ltd :Consol march quarter profit 2.18 billion rupees.Consol march quarter total income 123.60 billion rupees.Recommended dividend of 0.40 rupees per share.Consol profit in march quarter last year was 1.27 billion rupees as per Ind-AS; total income 83.65 billion rupees.  Full Article

Adani Enterprises buys 99 pct stake in Adani Tradex LLP and Adani Tradecom LLP
Wednesday, 22 Mar 2017 02:30am EDT 

Adani Enterprises Ltd : Says bought 99 percent stake in Adani Tradex LLP and Adani Tradecom LLP .Says both deal at arms length; nature of deal in cash.  Full Article

Adani Enterprises comments on Australian federal court decision on Carmichael mine
Monday, 29 Aug 2016 01:15am EDT 

Adani Enterprises Ltd : If better quality coal from Australia not sourced in Queensland, lower quality coal from elsewhere in world will be used . Time has come for will of communities who are crying out for these projects to proceed to have their voices heard . Adani stands ready to deliver on long term future with Queensland, pending resolution of small number of outstanding legal challenges .  Full Article

Adani Enterprises posts flat June-qtr consol profit
Wednesday, 10 Aug 2016 04:56am EDT 

Adani Enterprises Ltd : June-quarter consol net profit 3.64 billion rupees . June-quarter consol net sales 88.85 billion rupees . Consol net profit in June quarter last year was 3.64 billion rupees as per Ind-AS; consol net sales was 88.29 billion rupees . The profit alert was first sourced from TV and later confirmed from a press release at the NSE .  Full Article

Adani Wilmar and Ruchi Soya establishes JV Company
Wednesday, 25 May 2016 06:31am EDT 

Adani Wilmar: Wilmar international limited (Adani Wilmar and Ruchi Soya propose to join hands to create one of India's leading fmcg companies) . proposed that Adani and Wilmar will, through Adani Wilmar, jointly hold an equity stake of 66.66% in jv co, and Ruchi Soya will hold 33.34% . a non-binding term sheet has been signed in this regard .  Full Article

Adani Enterprises Ltd - Australia's green groups keep heat on Adani after mine approval - Reuters News
Sunday, 3 Apr 2016 11:07am EDT 

Adani Enterprises Ltd:Environmental campaigners say they hope two outstanding court cases can still stop India's Adani Enterprises Ltd from developing a A$10 billion ($7.6 billion) coal project, even after it received a key state government approval.- RTRS.The granting of a mining lease by the state government marked another step in Adani's long-running bid for approval to mine and ship an estimated 11 million tonnes of coal reserves, building roads, power lines and pipelines to do so.But activists - some 200 of which protested outside the Queensland parliament on Monday - say the ongoing federal court challenges could still throw Adani's plans into doubt.Benedict Coyne, a lawyer for the Wangan and Jagalingou people, who have rejected a land use agreement with Adani, said he was surprised a decision had come while the cases were still in process."If it is found that the decision was not made lawfully, then any (further) decisions are called into question," he said.Adani said in a statement on Sunday that it had a "clear and positive" commitment from the government and welcomed the approval as an important milestone.The group said it expected appeals to be resolved in 2016, allowing construction to begin in 2017.  Full Article

Adani Enterprises Ltd declares interim dividend
Tuesday, 15 Mar 2016 02:33am EDT 

Adani Enterprises Ltd:Declared interim dividend of 0.40 Indian rupees per equity share (i.e. 40%) of 1 Indian rupee each of the company for financial year 2015-16\.Says interim dividend shall be payable on and from March 28, 2016.  Full Article

Adani Enterprises Ltd faces further delays over Australian coal mine permit - Reuters
Monday, 5 Oct 2015 01:05pm EDT 

Adani Enterprises Ltd:A giant coal project under development in Australia by India's Adani Enterprises is facing further delays over environmental permitting, Australia's environment minister said on Tuesday - Reuters.Australia had yet to receive assurances that endangered species would be protected if Adani is reissued with an environmental permit to construct its Carmichael coal mine, the minister, Greg Hunt, said - Reuters."The government is now waiting on the company, and I'll make a final assessment on its merits when that comes," Hunt told reporters on the sidelines of a climate investment conference - Reuters.A court on August 5 temporarily blocked progress on the $7 billion project in the inland Galilee Basin following a claim Adani failed to take into account the welfare of the yakka skink and an ornamental snake - Reuters.The Environment Department at the time said Hunt would reconsider his approval in six to eight weeks pending new submissions by Adani - Reuters.Adani, which wants to ship 40 million tonnes of coal a year to India, has battled opposition from environmental groups since starting work on the project five years ago - Reuters.The project has been repeatedly delayed by court actions by environmentalists, difficulties in obtaining finance and concern over the economics of the project, so much so that Adani recently halted engineering work - Reuters.  Full Article


Australia in final stages of mulling loan for India's Adani

SYDNEY Adani Enterprises' $4 billion Carmichael coal mine in Australia's north is one of five projects that have been shortlisted for potential government funding, a source with direct knowledge of the matter said on Friday.