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Adani Enterprises Profits Soar on Coal, Power, Ports Demand
May. 12, 2011 06:35AM PST
Industrial MetalsReuters reported that Adani Enterprises (NSE:ADANIENT) is enjoying triple its quarterly net profits on demand for coal.
Reuters reported that Adani Enterprises (NSE:ADANIENT) is enjoying triple its quarterly net profits on demand for coal.
The market news is quoted as saying:
Last August, Adani agreed to invest $1.65 billion in an Indonesian coal port and railway that can source fuel for its Indian power plants and help open up Indonesia’s hard-to-reach coal resources.
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