Adani Enterprises stock zooms after incorporating subsidiaries

Adani Enterprises informed the bourses today that it has incorporated a company namely ‘Adani Ahmedabad International Airport Ltd.’ on September 26, 2019.

Adani Ahmedabad International Airport Ltd will be involved in operating, maintaining, developing, designing, constructing, upgrading, modernizing and managing of the existing Sardar Vallabhbhai Patel International Airport located at Ahmedabad, Gujarat.

Adani Enterprises has already received Letter of Award from Airports Authority of India on 15th July, 2019 for Operations, Management and Development of Sardar Vallabhbhai Patel International Airport.

Likewise, the company has incorporated, Adani Jaipur International Airport Limited on 26th September 2019, Adani Mangalore International Airport Limited on 25th September 2019, Adani Trivandrum International Airport Limited on 24th September 2019, Adani Guwahati International Airport Limited on 23rd September 2019.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

The stock of Adani Enterprises in today’s trading was trading in positive terrain and settled at Rs. 152.90 apiece, up by 3.7 per cent from its previous close.