Adani Enterprises scrip up 6% as firm wins mining leases in Australia
BY PTI5 April 2016 11:23 PM GMT
PTI5 April 2016 11:23 PM GMT
Shares of Adani Enterprises surged nearly 6 per cent on Monday after the company's $21.7 billion coal mine project in Australia won three mining leases.
Trimming early gains, the stock closed at Rs 80.45 on BSE, up 5.86 per cent over its previous close.
Intra-day, it gained as much as 7.82 per cent to trade at Rs 81.95.
On NSE, shares of the firm went up 5.85 per cent to settle at Rs 80.55. Intra-day, the shares soared by 7.55 per cent and were trading at 81.85.
Total 70,13,011 shares changed hands on NSE.
Adani's $21.7 billion coal mine project in Australia yesterday won three mining leases but the Indian mining giant said a final decision on investment will be taken only after the resolution of "politically-motivated" legal challenges against its plans to build one of the world's largest coal mines.
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