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Adani Enterprises > Company History > Trading > Company History of Adani Enterprises - BSE: 512599, NSE: ADANIENT

Adani Enterprises

BSE: 512599|NSE: ADANIENT|ISIN: INE423A01024|SECTOR: Trading
Feb 20, 16:00
3.45 (1.36%)
VOLUME 533,310
Feb 20, 15:59
4.65 (1.83%)
VOLUME 3,108,173
Company History - Adani Enterprises
 - The Company was incorporated on 2nd March, by conversion of
 partnership firm namely M/s. Adani Exports into a limited company. 
 The company was promoted by Shri Gautam S. Adani and Rajesh S. Adani.
  The Company was engaged in the business of exporting frozen foods,
 dyes and intermediates, plastic products, agricultural products etc.
 to about 28
 countries all over the world.
 - Adani Managment Consultancy Services Pvt. Ltd. was amalgamated with
 the company.  As per the scheme of amalgamation the company issued
 5,00,000 equity shares of Rs 10 each at a premium of Rs 140 per share
 to the shareholders of AMCSPL in the ratio of one equity share of the
 company for every ten equity shares of AMCSPL.
 - The Company offered 12,50,000 No. of equity shares of Rs 10 each at
 a premium of Rs 140 per share to public.  All were accepted. 
 Additional 11,900 shares allotted to retain oversubscription.
 - 37,50,000 shares were allotted to promoters, their friends and
 relatives.  12,61,900 shares were allotted to public.
 - During the year under review your Company has introduced itself
 into Stock market with maiden public issue in September, 1994 for
 12,50,000 Equity Shares of Rs. 10/- each at a premium of Rs. 140/-
 per share.   
 - AMCPL entered into Amalgamation with AEL, a group company of Adani
 Group.  In order to achieve higher economies of scale. 
 - 55,11,800 No. of Equity shares allotted in propn. 1:1.  100
 forfeited shares were reissued.
 - Authorised capital reorganised.  Pref. shares issued on private
 placement basis.
 - The board decided to issue equity shares and preference shares
 and/or fully or partly convertible debentures or warrant bonds and
 any other securities through public issue or private placement,
 preferential allotment, rights issue etc., subject to the approval of
 shareholders up to a limit of Rs.30 crores.
 - Eastern Generation, has signed a memorandum of understanding (MoU)
 with Adani Exports Limited to jointly develop, own and operate
 coal-fired power projects in the country.
 - The Rs 1,600 crore Adani Exports Limited has decided to enter into
 a joint venture with the Gujarat government to build a mega port at
 Mundra in Kutch district.
 - In mid-October, Adani signed a letter of intent with the Gujarat
 government to develop a port and set up a 3,000 hectare industrial
 - The Company has received LOI from Gujarat Government to set up a
 Naptha-based 54MW Power Plant at Anjar in Kutch. 
 - Adani Global Limited was incorporated as a Company's wholly owned
 subsidiary in Mauritius upon receipt of necessary approvals from the
 Reserve Bank of India and Government of India for the purpose of
 Direct Investment.  1998 
 - Adani Exports Ltd, the Rs. 1,700-crore trading house, has
 incorporated Adani Eastern Generation Company Ltd (AEGCL), a 50:50
 joint venture company with the UK power maintenance giant - Eastern
 - The Rs.340 crore project is promoted by Adani Exports Ltd on the
 basis of the build-own-operate-transfer (BOOT) format.  The
 concession pact has been signed for 30 years from the date of
 commissioning.  The Adani port will be the second private sector port
 in the country after
 Gujarat Pipapav Port Ltd.
 - Adani Exports and Wilmar Trading Pte signed a memorandum to form a
 50:50 joint venture company.  The equity base of the company named
 Adani Wilmar is  million.
 - A joint venture between Gujarat Port Infrastructure Development
 Corporation and Adani Port is operational at Mundra in Gujarat since
 October 1998.
 - The board of directors of Adani Exports Ltd (AEL) declared a 1:1
 bonus issue to the equity shareholders.  The move led to the scrip
 closing at the Mumbai Stock Exchange (BSE) at an all-time high of Rs.
 - GCC (Gujarat Chamber of Commerce and Industry) Export Appreciation
 Award for the year 1997-98 in recognition of commendable performance
 in merchandise exports from Honble Union Commerce Minister Shri
 Ramakrishna Hegde in June.
 - The Company and Wilmar Trading Pte Limited have signed a Memorandum
 of Understanding (MoU) to form a 50:50 joint venture company with
 equity base of equivalent of $ 6 million.
 - Adani Exports, one of India's largest trading houses, has entered
 the packaged edible oil market with the launch of its new brand
 `Fortune' in Jaipur.
 - The Company received Texprocil Silver Trophy for outstanding export
 performance in Fabrics amongst top exporters (Merchant) for the year
 - Texprocil Silver Trophy for outstanding export performance in
 Fabrics amongst top exporters (Non-quota exports) for the year
 - The Company has entered into an agreement with both National
 Securities Depository Limited (NSDL) and Central Depository Services
 (India) Limited (CDSL) to facilitate the shareholders of the Company
 to avail demat facility.
 - Shri Indravadan A. Modi resigned as a Director of the Company with
 effect from 10th February.
 - Adani Wilmar Ltd., a 50:50 joint venture between the Adani Exports
 Ltd. and US .5 billion Wilmar Holding Pte Ltd. of Singapore,
 intends to launch its own vanaspati under the brand name `Raag'.
 -Mr.Biswajit Choudhury is appointed as the Nominee Director on the
 Board of the company.
 -Shanxi Corporation ties up with Adani Exports Ltd for providing
 1-1.5m tonnes of coal in India.
 -Mr Birva C Patil is appointed as the Compliance Officer and Company
 Secretary of the company in place of Mr. Hemendra C Shah.
 -Company has changed its name from Adani Exports Ltd. to Adani
 Enterprises Ltd.                                                    
 -Adani Enterprises Limited has appointed Mr. Parthiv Parikh as
 Assistant Company Secretary and Compliance Officer of the Company
 w.e.f. September 17, 2007.
 - Adani Enterprises Ltd has informed that the Board of Directors of
 the Company at its meeting held on September 26, 2008, has appointed
 Mr. Yoshihiro Miwa as an Additional Director of the Company.
 -Adani Enterpries Ltd has signed an exclusive joint venture agreement
 with Chemoil.
 -Adani gets into cement 
 -Adani Enterprises has given the Bonus in the Ratio of 1:1
 -Adani Welspun Exploration commences Drilling of first well in
 _Company is one of the largest coal importer in India to cater to its
 large coal trading business and also through its subsidiary
 _ Adani secures Coal Purchase Rights and enters into Take or Pay
 arrangement for Port and Rail Project in Indonesia.
 -Adani wins bid to develop and mine coal from Chendipada Coal Block
 in Orissa.
 -Adani Enterprises Ltd Issues Rights in the Ratio of 1:16
 -Adani Power Ltd. (APL), a subsidiary of the Company.
 -Adani Power Ltd (APL), a subsidiary of the Company regarding Adani
 Power conferred with National Energy Conservation Award 2011
 - Adani Enterprises selected as the 'Business Superbrand'
 - Adani enterprises Joins hands with  Japanese business group Kowa
 - Adani Group commissions India's largest solar power plant in
 -Adani begins integrated coal MDO operations in India has access to
 coal reserves of over 3 billion tonnes
 -Adani and Posco agree to build rail line in Australia
 - Adani signs MoU with Australia's Woodside Energy for Energy
 - Adani Wilmar and Ruchi Soya propose to join hands to create one of
 Indias leading FMCG companies
 -Adani Enterprises acquires Adani Infrastructure Pvt Ltd.
 -'Adani reaches royalties agreement with State Government'.
 - 'Adani Project Gets Green Light'.
 -Adani Australia project hits protest wave.
 -Adani Group eyes global expansion with new container port in
Source : Dion Global Solutions Limited
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