Adani Enterprises to acquire Sadbhav Infra s Maharashtra check post arm indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Adani Road Transport (ARTL), a wholly-owned subsidiary (WOS) of Adani Enterprises, has incorporated a WOS namely, Badakumari Karki Road, on 12 April 2021.
Badakumari Karki Road is yet to commence its business operations. Its objective is to carry out the development, operation, maintenance and management of a road project, which entails development of six lane Badakumari-Karki section of NH-130-CD Road under Raipur- Visakhapatnam Economic Corridor in Odisha on Hybrid Annuity Mode.
Adani Enterprises consolidated net profit skid 11.1% to Rs 286.60 crore on 6.1% rise in net sales to Rs 11,620.45 crore in Q3 December 2020 over Q3 December 2019.
Adani Enterprises is the flagship company of Adani Group, one of India s largest business conglomerates.
Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises, secured a road project worth Rs 2,020.93 crore.The order entails six laning of National Corridor NH-19 from Panagarh to Palsit in West Bengal under Bharatmala Pariyojana to be executed on BOT-(Toll) basis. The concession period is 20 years including contruction period of 2.5 years.
With this project award, Adani Group will have total nine NHAI road projects under HAM, toll-operate-transfer (TOT) and build-operate-transfer (BOT)-Toll basis in Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Gujarat and West Bengal.
Meanwhile, Adani Enterprises along with its wholly owned subsidiary company, Gare Palma II Collieries (GPIICPL) has signed coal mining agreement (CMA) with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II Coal Mine.
The dream run of Gautam Adani-led group companies continued on the bourses on the first day of the new financial year 2021-22 with Adani Transmission and Adani Total Gas stocks hitting their respective new highs, while Adani Enterprises was trading close to its record high.
Besides these stocks, Adani Power, Adani Green Energy (AGEL) and Adani Ports and Special Economic Zone were trading higher in the range of 2 per cent to 6 per cent. In comparison, the S&P BSE Sensex was up 0.28 per cent at 49,646 points at 12:09 pm. Gautam Adani family-controlled Adani Group was the biggest gainer on the bourses in 2020-21, amid the sharp surge in equity markets in a post-pandemic rally.
Adani Enterprises road biz receives LoA from NHAI business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.