Adani Enterprises rises on planning to spend Rs 80,000 crore across businesses in FY25
Adani Enterprises is currently trading at Rs. 2820.60, up by 21.40 points or 0.76% from its previous closing of Rs. 2799.20 on the BSE.
The scrip opened at Rs. 2813.65 and has touched a high and low of Rs. 2828.00 and Rs. 2790.90 respectively. So far 43193 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3349.35 on 04-Mar-2024 and a 52 week low of Rs. 1858.95 on 17-May-2023.
Last one week high and low of the scrip stood at Rs. 2996.00 and Rs. 2757.65 respectively. The current market cap of the company is Rs. 320334.61 crore.
The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 20.18% and 7.21% respectively.
Adani Enterprises is planning to spend Rs 80,000 crore across businesses in the current financial year (FY25). A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports. Out of which a major part will go in ANIL (Adani New Industries) and airports business which take up about Rs 50,000 crore of capex. Then the third would be in roads, which, because of Ganga Expressway, will be capex of Rs 12,000 crore and rest put together in other businesses.
Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.
