Adani Enterprises Q4 Results: The company s board has recommended a dividend of Rs 1.30 per equity share for the financial year 2023-24. The consolidated revenue from operations for the reporting quarter stood at Rs 29,180 crore, marginally up by 0.81%.
The alleged non-compliance pertains to related party transactions with respect to certain transactions with third parties, and validity of peer review certificates of statutory auditors in previous years, the filing said.
The company said following the Hindenburg report published on Adani Group companies in January 2023, Adani Enterprises undertook a review of transactions referred to in short-seller's report (SSR) in April 2023 through an independent assessment by a law firm.
Adani Enterprises' Kutch Copper commissions first copper unit in Mundra, will invest $1.2 billion in first phase - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Adani Enterprises has inaugurated its first unit of the copper refinery at Mundra, Gujarat, through its subsidiary Kutch Copper, marking its entry into the metals sector. The company will invest $1.2 billion in the first phase of the project, which will have an annual capacity of 500,000 tonnes. The second phase will add another 500,000 tonnes, making it the world s largest single-location custom copper smelter upon completion. This initiative aligns with India s push for sustainability and self-reliance, creating thousands of direct and indirect jobs while aiming for the lowest carbon footprint in its class.