Private Sector

Adani Enterprises up 6% After Report on Interest in Rebuilding New Delhi Railway Station

Adani Enterprises up 6% After Report on Interest in Rebuilding New Delhi Railway Station

Adani Enterprises up 6% After Report on Interest in Rebuilding New Delhi Railway Station

Adani Enterprises up 6% After Report on Interest in Rebuilding New Delhi Railway Station – In the early morning trade on the BSE on Wednesday, the shares of Adani Enterprises rallied 6% to Rs 302 within on report that the corporate is keen on rebuilding New Delhi railroad station, hitting a 52-week high stock of Gautam Adani-led Company rise at Rs 322.65 on August 25, 2020.

The Rail exploitation Authority (RLDA) has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub. RLDA is currently performing on 62 stations during a phased manner, while its subsidiary, Indian Railway Stations Development Corporation, has haunted another 61 stations. within the first phase, RLDA has prioritized prominent stations like New Delhi, Tirupati, Dehradun, Nellore, and Puducherry for redevelopment.

According to a Business Standard report, a minimum of 20 national and international firms, including Société Nationale des Chemins de Fer Français, Arabian Construction Company, Anchorage Infrastructure Investments Holdings, Adani, GMR, and JKB Infrastructure, have evinced an interest within the redevelopment work of latest Delhi railroad station.

After acquiring a 74% stake in Mumbai International Airport Limited (MIAL) last month, Adani Airports, a subsidiary of Adani Enterprises, which operates India’s second-largest airport, now corporate is an integrated infrastructure, oil and gas exploration, ports, multi-modal logistics, power generation, a company with businesses spanning coal trading, coal mining, and transmission and gas distribution of power, agro, mining, port, city gas distribution (CGD), renewable energy et al. .

At 10:27 am, Adani Enterprises with a combined 3.2 million equity share was trading 4.4% higher at Rs 298 on the BSE, as compared to a 0.30% rise within the S&P BSE Sensex had changed BSE till the time of writing of this report.

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