Aug 11, 2017
Ahmedabad, August 12, 2017: Adani Enterprises Ltd, (AEL) part of the Adani Group, today announced its results for quarter ended June 30, 2017.
Consolidated Income from Operations for the quarter is Rs 8,779 crores Vs Rs 8,919 crores for the corresponding period in the previous year. The EBIDTA for the quarter is Rs 727 crores Vs Rs 806 crore in Q1FY17. The consolidated PAT for Q1FY18 is Rs 159 crores. The company has maintained its financial performance on comparable basis.
In Mine Development and Operations (MDO) business at Parsa Kente coal mines in Chattisgarh, the Company has supplied washed coal of 1.64 MMT to RRVUNL in Q1FY18 as compared to 2.13 MMT in Q1FY17, a decrease of 23% due to lower offtake by RRVUNL. The Company received Letter of Award (LoA) for appointment for Gare Pelma Sector - III coal block of Chhattisgarh State Power Generation Company Ltd.
The company has operationalized renewable projects of 808 MW with a further pipeline of 1280 MW of projects under various stages of implementation across the country. The Company has generated 362.99 MU Kw/h in Q1FY18 as compared to 104.94 MU Kw/h in Q1FY17 on account of operationalization of projects.
The company provides piped natural gas to households, industrial and commercial consumers and compressed natural gas for automobiles in 4 cities - Ahmedabad, Vadodara, Faridabad and Khurja. The company envisages future growth through a 50:50 Joint Venture with Indian Oil Corporation which has been awarded the city gas project in cities - Allahabad, Chandigarh, Ernakulum, Daman, Panipat, Udham Singh Nagar and Dharwad. Operations have started in Chandigarh and Allahabad and the projects are at various stages of implementation in other cities.
In edible oil business, the company has maintained its leadership position with its “Fortune” brand and continues to lead the refined edible oil market.
In agro storage business, the company has recently operationalized storage facilities with capacity of 1 lac MT at Kotkapura and Katihar. The company recently won 6 projects from Punjab Govt. with a capacity of 3 lacs MT.
Scroll to top
