Adani Enterprises incorporates subsidiary for mining biz

27 Aug 2022 , 01:05 PM

RNRL will carry out business in mining of coals and other minerals and to do all necessary and incidental activities in this regard. It will commence its business operations in due course, the company stated. Adani Enterprises is the flagship company of Adani Group, one of Indias largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and water infrastructure. The companys consolidated net profit jumped 72.9% to Rs 469.46 crore in Q1 FY23 as against Rs 271.46 crore in Q1 FY22. Revenue from operations in the first quarter stood at Rs 40,844.25 crore, surged 224.7% from Rs 12,578.77 crore reported in the same period last year. Shares of Adani Enterprises were up 2.37% to settle at Rs 3,139.45 on Friday, 26 August 2022. Powered by Capital Market – Live News