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Adani Group shares gain; Adani Transmission hits new high

Adani Enterprises, Adani Ports and Adani Power were up in the range of 2% to 5% on BSE

SI Reporter  |  Mumbai 

Adani group takes a gamble on growth

Shares of companies – Adani Enterprises, Adani Transmissions, Adani Port and Special Economic Zone (SEZ) and Adani Power – have rallied by up to 13% on BSE in intra-day trade after Adani Australia said it reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects.

Among the individual stocks, Adani Enterprises surged 13% to Rs 125, on back of an over two-fold jump in trading volumes.


hit a new high of Rs 115.40, up 5% on BSE, followed by & SEZ (4% at Rs 342) and Adani Power (2% at Rs 27). On comparison, the S&P BSE Sensex was up 0.23% at 31,181 at 1:29 pm.

“After State Cabinet approval, the agreement with the State Government meets Adani’s expectations and requirements. This shows a strong commitment by the State Government to the project and is a benchmark decision to take this project forward”, Adani Enterprises said in a press release.

The Adani parent company board will consider the final investment decision at the next board meeting.

COMPANY
LATEST PREV CLOSE GAIN(%)
ADANI ENTERP. 120.50 111.30 8.3
ADANI TRANSMISSI 115.00 110.05 4.5
ADANI PORTS 341.45 328.30 4.0
ADANI POWER 27.45 26.80 2.4
       

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Adani Group shares gain; Adani Transmission hits new high

Adani Enterprises, Adani Ports and Adani Power were up in the range of 2% to 5% on BSE

Adani Enterprises, Adani Ports and Adani Power were up in the range of 2% to 5% on BSE
Shares of companies – Adani Enterprises, Adani Transmissions, Adani Port and Special Economic Zone (SEZ) and Adani Power – have rallied by up to 13% on BSE in intra-day trade after Adani Australia said it reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects.

Among the individual stocks, Adani Enterprises surged 13% to Rs 125, on back of an over two-fold jump in trading volumes.

hit a new high of Rs 115.40, up 5% on BSE, followed by & SEZ (4% at Rs 342) and Adani Power (2% at Rs 27). On comparison, the S&P BSE Sensex was up 0.23% at 31,181 at 1:29 pm.

“After State Cabinet approval, the agreement with the State Government meets Adani’s expectations and requirements. This shows a strong commitment by the State Government to the project and is a benchmark decision to take this project forward”, Adani Enterprises said in a press release.

The Adani parent company board will consider the final investment decision at the next board meeting.

COMPANY
LATEST PREV CLOSE GAIN(%)
ADANI ENTERP. 120.50 111.30 8.3
ADANI TRANSMISSI 115.00 110.05 4.5
ADANI PORTS 341.45 328.30 4.0
ADANI POWER 27.45 26.80 2.4
       

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Business Standard
177 22

Adani Group shares gain; Adani Transmission hits new high

Adani Enterprises, Adani Ports and Adani Power were up in the range of 2% to 5% on BSE

Shares of companies – Adani Enterprises, Adani Transmissions, Adani Port and Special Economic Zone (SEZ) and Adani Power – have rallied by up to 13% on BSE in intra-day trade after Adani Australia said it reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects.

Among the individual stocks, Adani Enterprises surged 13% to Rs 125, on back of an over two-fold jump in trading volumes.

hit a new high of Rs 115.40, up 5% on BSE, followed by & SEZ (4% at Rs 342) and Adani Power (2% at Rs 27). On comparison, the S&P BSE Sensex was up 0.23% at 31,181 at 1:29 pm.

“After State Cabinet approval, the agreement with the State Government meets Adani’s expectations and requirements. This shows a strong commitment by the State Government to the project and is a benchmark decision to take this project forward”, Adani Enterprises said in a press release.

The Adani parent company board will consider the final investment decision at the next board meeting.

COMPANY
LATEST PREV CLOSE GAIN(%)
ADANI ENTERP. 120.50 111.30 8.3
ADANI TRANSMISSI 115.00 110.05 4.5
ADANI PORTS 341.45 328.30 4.0
ADANI POWER 27.45 26.80 2.4
       

image
Business Standard
177 22