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The stock of Adani Enterprises went up 1.80 per cent and Ambuja Cements climbed 1.49 per cent.
The combined market valuation of all the group firms stood at Rs 16,30,648.23 crore.
The 30-share
Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani’s
In the last week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
The group’s revenues have continued to grow, helping it reduce debt, meet financial obligations, boost stability and make strategic investments to further its growth and expansion plans.
Adani Group has raised over USD 5 billion (Rs 41,500 crore) in equity and double of that in debt since the Hindenburg report.