Adani Enterprises Limited — JV/Acquisition, 26-12-2024: Acquisition

Adani Enterprises Limited has acquired a 26% stake in Gidhmuri Paturia Collieries Private Limited (GPCPL) from Sainik Mining and Allied Services Limited, making GPCPL a wholly owned subsidiary. The acquisition, completed for an aggregate investment of ₹26,000, aims to enhance Adani's capabilities in developing and operating coal and mineral mines. GPCPL has reported no turnover since its incorporation in March 2019. This strategic move could bolster Adani's positioning in the mining sector and may unlock operational synergies moving forward.