Adani Enterprises (ADANIENTE), through its subsidiaries, engages in the trading of commodities in India and internationally. The company, formerly known as Adani Exports, was founded in 1988. It changed its name to Adani Enterprises in September 2006 and is a part of the Adani group. Gautam S. Adani is the chairman and Rajesh S. Adani, the managing director of the company. The Company concentrates on the business segments of energy, agro, metals and minerals, and infrastructure and logistics. Its product portfolio includes agro products like peas, beans, ..etc; textiles consisting of raw cotton, raw silk, ..etc; fertilizers like sulphur, ammonium nitrate, ..etc; steel scrap; oil meals and de-oiled cakes; castor oil and its derivatives; guar gum splits; hydro carbons such as furnace oil, bitumen, ..etc; natural stones; petrochemicals like oxoalcohol, cholro-alkali, ..etc; marine products; pertroleum oil and lubricants.. Adani Power (subsidiary) is implementing a 2640 MW electricity project. Adani Wilmar (50% joint venture with Wilmar group, Singapore) maintains market dominance in the branded edible oil segment with its brand Fortune.
The company continues to be one of the major exporters of iron ore. Adani Global FZE (subsidiary) continues to be the largest importer of ferrous scrap in sub-continental India. Adani Agri Logistics (subsidiary) is setting up fully mechanized silos for the storage of food grains. Other subsidiaries are developing around 25 million sq. ft. of integrated commercial and residential projects in Ahmedabad and Mumbai. The company has placed orders for two large bulk carriers of 175,000 tons each with a Korean shipyard to cater to its internal cargo requirements. Its registered office is at Adani House, Mithakhali Six Roads. Navrangpura. Ahmedabad-380009, Gujarat. Financials The company reported rise of 73.37% in consolidated net profit on y-o-y basis to Rs 5.64 billion, while total income dropped 10.40% y-o-y basis to Rs 57.19 billion for the quarter ended December 2010.
Make use of our expertise in Bank Nifty Intraday Trading as we trade with No Loss Options Strategy which ensures that you carry home profit irrespective of your capital and you can get started with a small capital of Rs 5000-10,000 only.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
