Adani Enterprises Limited is a famous and fast growing business house from India. Within a very short span of time it has expanded its arms fully. This Indian company is handled by the famous Adani Group. The Adani Group was founded in the year 1988. It is a fast growing Indian business group. It started operations as a trading house. Later it shifted its focus to infrastructure development and commodity trading. Now it has got an identity of indigenous conglomerate emerging out from India.
Adani Enterprises Limited is listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India. Together with Mundra Port & Special Economic Zone Limited which is another subsidiary of Adani Group it has a market capitalization of more than Rs. 850 billion.
The current employee base of the company is about 600. The 2009 sales figures as per the annual financial reports are Rs. 259,680,000,000.
The primary activities undertaken by the business house revolve around export of gems, jewellery, fertilizer, textiles, agricultural commodities and miscellaneous raw materials. Adani Enterprises Limited is focusing upon two main segments. They are trading and others. The entity also trades in power, petroleum products, and coal & city gas distribution. Raw materials and fertilizers include export of Ammonium Nitrate and Sulphur. Agricultural commodities include castor oil, sugar, wheat, rice, pulses and soyabean oil. These agri products are exported to the South East and Middle East Asia. Moreover the company exports diamonds to European countries and Dubai. The various textiles products exported by the company include bed sheets, raw silk, cotton grey and knitted fabrics. These textiles products are mainly exported to Africa, Slovenia, Israel and China.
As a subsidiary of the Adani Group it has a reputation of yielding high returns in its stocks for the investors who buy its stocks for both short term and long term positive results. If you like to have a more clear view of its market performance then you can request free stock tips, reports and analysis from this platform.
Adani Enterprises board approves bonus of 1:1, reports Zee Business. The company plans to raise funds of Rs 1500-4000 crore via a QIP. Also Mundra Port & SEZ to be merged with Adani Enterprises. The stock is currently trading at Rs 746, up 5.1% on the BSE.