The company incorporated a wholly owned subsidiary, Alwar Alluvial Resources (AARL), on 3 October 2022, with an initial authorized & paid-up share capital of Rs 10 lakh each, to carry on manufacturing and processing of minerals, TiO2 Slag manufacturing, pigment manufacturing etc. and to do all necessary and incidental activities in this regard. The other subsidiary being incorporated is Adani Disruptive Ventures (ADVL), on 4 October 2022, with an initial authorized & paid-up share capital of Rs 5 lakh each. ADVL will carry on the business of buying, selling, reselling, importing, exporting, transporting, storing, promoting, marketing or supplying, trading, dealing in any manner whatsoever in all type of goods, products, merchandise, services and commodities of every description & to do all necessary and incidental activities in this regard. Adani Enterprises said that both the companies will commence its business operations in due course. 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 is 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 0.63% to Rs 3,258.70 on the BSE. Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.