DSIJ Mindshare

The stock gave multibagger returns of 112 per cent in just 6 months and over 200 per cent in 1 year. The stock gave multibagger returns of 230 per cent in just 6 months and over 400 per cent in 1 year.

The acquisition of SIL will help ACL to strengthen its market leadership and increase its cement capacity to 73.6 MTPA from the current 67.5 MTPA. With the ongoing capex of 14 MTPA and with commissioning of 5.5 MTPA capacity at Dahej and Ametha by Q2 of FY24, the Adani Group’s capacity will be 101 MTPA by 2025.

Shares of the company gained more than 35 per cent in the last six months.

The proposal for fund-raising by way of issuance of equity shares of face value of Rs. 1 each of the company to its eligible equity shareholders on a rights basis ("Rights issue") for a value of up to Rs. 300 crore or through any other mode of capital raising.

The company has received an order from Oil and Natural Gas Corporation Limited (ONGC) for the revamping of SV stations, Gas Terminal & Kribhco Terminal of ONGC, Hazira Plant on EPC reimbursable [Open Book Estimate (OBE)] Basis. The project is worth Rs 837.34 crore and it will be completed in 45 months from LOI.