Adani Enterprises share price has 40% more downside: NYU professor Aswath Damodaran
Shares of Adani Group’s flagship firm are overvalued on some metrics despite plunging more than 50% in the rout triggered by US short seller Hindenburg Research’s scathing report last month, according to a New York University finance professor. Adani Enterprises Ltd. yielded a value of 945 rupees per share even before “factoring any of the […]
Adani group stocks shed $6 billion despite rejecting reports on investors
NEW DELHI: Shares in companies controlled by billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3 per cent after plunging as much as 25 per cent, its steepest fall […]
Adani Enterprises, Dixon Tech, 11 other companies get industrial land in Noida
NEW DELHI: The Noida Authority on Wednesday said it has allotted industrial land to 13 companies, including Adani Enterprises and Dixon Technologies, in a move that would bring in investments worth Rs 3,870 crore in Noida region, Uttar Pradesh. Adani Enterprises has been allotted 39,146 sq metres of land in Sector 80 for a proposed […]
Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha
NEW DELHI: Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). “ARTL has received a letter of award (LOA) for …development of Six Lane Badakumari […]
Adani Enterprises’ Q2 consolidated net profit at Rs 436 crore
NEW DELHI: Adani Enterprises on Wednesday reported a consolidated net profit of Rs 435.73 crore for the the July-September quarter. During the same period last financial year (FY20), the company had reported a consolidated net loss of Rs 10.06 crore. The company’s revenue from operations during the period under review increased 7.8 per cent to […]
Key pact inked to allow Swiss developer to begin work on Jewar airport project
NOIDA: The Noida International Airport Limited (NIAL) and Zurich Airport International AG on Wednesday signed a key agreement that would allow the Swiss developer to begin work at the site of the upcoming Jewar airport near Delhi, officials said. The ”concession agreement” for the Greenfield airport, estimated to cost Rs 29,560 crore, was inked between […]
Adani Enterprises wins Rs 1,546 crore NHAI project under Bharatmala Pariyojana
NEW DELHI: Adani Enterprises Ltd (AEL) on Wednesday said it has won a Rs 1,546-crore project from National Highways Authority of India (NHAI) for building a stretch of NH-16 in Andhra Pradesh under Bharatmala Pariyojana. The project will be undertaken under the hybrid annuity mode. “The company led consortium has received a letter of award […]