Some Adani Stocks Under Radar Today: Adani Enterprises, Adani Power & More

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Some Adani Stocks Under Radar Today: Adani Enterprises, Adani Power & More
Credit: © Reuters.

By Malvika Gurung -- Adani Enterprises (NS: ADEL ): The flagship company of the Adani (NS: APSE ) Group conglomerate debuted on the Nifty50 index and secured finances for the access-controlled, six-lane greenfield Ganga Expressway project in UP, after nine months of winning the contract. 

The 594 km-long expressway will connect Meerut with Prayagraj, of which Adani Enterprises (NS: ADEL ) will build 464 km.

Adani Ports and Special Economic Zone (NS: APSE ): The country’s largest private multi-port operator has incorporated a wholly-owned subsidiary, Adani Aviation Fuels (AAFL) for carrying out the sourcing, transporting, and supplying businesses, along with the trading of aviation-related fuels business, among others.

Adani Power (NS: ADAN ): India’s largest private thermal power producer’s 100% acquisition of Diligent Power Private and DB Power has been approved by the competition watchdog Competition Commission of India. 

The company announced to acquire DB Power for Rs 7,017 crore last month. 

Adani Green Energy (NS: ADNA ): The renewable energy company has commissioned the world’s largest wind-solar power plant having a capacity of 600 MW in Jaisalmer. This plant has a power purchase agreement with the state-owned Solar Energy Corporation of India (SECI) for 25 years at Rs 2.69/kWh.

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