Adani Enterprises Ltd forms Mundra Petrochem Ltd

Adani Enterprises Ltd has incorporated a wholly-owned subsidiary namely, 'Mundra Petrochem Limited' (MPL) on 19th April, 2021. MPL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 19th April, 2021 and is yet to commence its business operations.

MPL is incorporated with the object to set up various Feedstocks (Coal, Petcoke, Coke, Limestone, Salts, Sand, Tar, Oil, LPG, LNG, Ethane, LPG, Green Fuels etc.) based Refinery, Petrochemical and Chemical plants in a phased manner in India and to undertake all such activities associated with Land Acquisition, Design & Engineering, Procurement, Construction, Power & Infrastructure Management, Sale & Marketing, Trading, O&M, Security Management and other related undertakings.

Shares of ADANI ENTERPRISES LTD. was last trading in BSE at Rs.1136.3 as compared to the previous close of Rs. 1160.7. The total number of shares traded during the day was 690393 in over 17006 trades.

The stock hit an intraday high of Rs. 1153.25 and intraday low of 1060.4. The net turnover during the day was Rs. 778904752.

Source : Equity Bulls

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