ADANI ENTERPRISES
Adani Enterprises is into establishing new businesses in the infrastructure and energy sector who motivated to convert business opportunities to flourishing businesses. Adani enterprises have subsidiary businesses Adani Ports and Special Economic Zone Limited, Adani Power, Adani Transmission, Adani Green Energy and Adani Gas which have been demerged from Adani Enterprises and/or independently listed on the Indian stock exchanges. Existing subsidiaries of Adani Enterprises are Adani Wilmar, Adani Airport Holdings and Adani Road Transport.
Mainly, Adani is into various sectors such as mining services, edible oil, solar manufacturing, airports, defence & aerospace, agro and roads, metro & rail. Promoters are decreasing their pledge and strong momentum: Price above short-, medium- and long-term moving averages. Adani Enterprises incorporates wholly-owned arm MPL. MPL is incorporated with the object to set up various feedstocks (coal, pet coke, coke, limestone, salts, sand, tar, oil, LPG, LNG, Ethane, LPG, green fuels etc.) based refinery, petrochemical, and chemical plants in a phased manner in India. The company is going to raise Rs. 2500 Cr. by issue of Equity Shares / Convertible Bonds through Qualified Institutional Placement [QIP] / GDR / ADR / FCCBs / FCEBs / Convertible Securities / Other. The Adani enterprises became the 3rd Indian conglomerate company last month to cross the $100 Billion Market Cap.
The Board has recommended a dividend of Re. 1.00 for the Financial Year 2020-21 per Equity Share. Adani Enterprises consolidated Total income of the company during Q4 was at Rs 13,688.95 crore as compared to Rs 13,698.09 crore in the Q4FY20, and the PAT attributable to owners (Before Exceptional Item) increased to almost 7 times to Rs. 413 crore against Rs. 61 crore due to higher EBIDTA. The company reported EPS of Rs.2.13 for the period ended March 31, 2021, as compared to Rs.2.70 for the period ended December 31, 2020.
The Q4 results of Adani enterprises were monumental.
