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10-Jan2019

Adani Enterprises trades green on the bourses

Adani Enterprises is currently trading at Rs. 150.15, up by 0.85 points or 0.57% from its previous closing of Rs. 149.30 on the BSE.

The scrip opened at Rs. 151.35 and has touched a high and low of Rs. 153.15 and Rs. 149.20 respectively. So far 163848 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 236.70 on 29-Aug-2018 and a 52 week low of Rs. 101.05 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 147.55 respectively. The current market cap of the company is Rs. 16596.13 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.62% and 3.46% respectively.

Adani Group has signed a Memorandum of Understanding (MoU) with Government of Andhra Pradesh to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years. This ambitious project would be a first-of-its-kind 100% renewable energy powered project in the world.

The Government along with the integrated infrastructure conglomerate Adani Group will develop the hyper-scale data center market in the state, positioning AP as the east coast data center hub for India and South East Asia. It will also be integrated with a cable landing station that will take advantage of the state's long coastline to help provide the needed global connectivity and redundancy that the country needs to manage its exponential growth of data.

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.


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