Adani Road Transport Ltd forms SPV for road project

Adani Road Transport Limited ("ARTL"), WOS of Adani Enterprises Limited has incorporated a WOS namely, Kagal Satara Road Private Limited ("KSRPL"), on 20th April. 2022. with an Initial Authorized and Paid-Up Share Capital of Rs. 1.00,000/- each, to, carry out the Development, Operation, Maintenance and Management of the project - "Six Laning of Kagal-Satara section of NH-48 (old NH-4) [Package - II from km 658.000 to km 725.000] in the State of Maharashtra to be executed on BOT (Toll) mode under Bharatmala Pariyojana" and to do all necessary and incidental activities in this regard. KSRPL will commence its business operations in due course.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2286.55 as compared to the previous close of Rs. 2183.95. The total number of shares traded during the day was 77981 in over 4050 trades.

The stock hit an intraday high of Rs. 2292.90 and intraday low of 2203.20. The net turnover during the day was Rs. 176337322.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AdaniRoadTransport KagalSatarRoad