Cement News tagged under: Adani Enterprises

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Adani Enterprises posts three-fold rise in revenue

07 November 2022, Published under Cement News

Adani Enterprises Ltd has posted a three-fold rise in revenue in the second quarter of FY22-23. Revenue for the three-month period came in at INR387,150m (US$4694m), compared to INR132,180m in the 2QFY21-22. EBITDA over the same timeframe advanced by 69 per cent to INR21,360m, while profit after tax improved by 117 per cent to INR4610m, reports The Times of India.  Led by Asia’s richest person, Gautam Adani, the company has made inroads into the infrastructure and cement manufacturing se...

Adani Enterprises replaces Shree Cement in Nifty50 on NSE

02 September 2022, Published under Cement News

Adani Enterprises is to be included in the headline index Nifty50 on the National Stock Exchange of India (NSE) from 30 September 2022, replacing Shree Cement . According to The Economic Times, shares in Adani Enterprises have rallied over 88 per cent so far this year, taking its market capitalisation to INR3680bn (US$46,127m). After Adani Ports, this is the second stock from Gautam Adani to be included in the Nifty. Meanwhile, shares in Shree Cement have fallen by almost 21 per cent s...