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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (4622)	6/16/1999 12:00:00 PM
From: Mohan Marette	Read Replies (2) of 12475

Adani Exports-Ambitious growth plans Compounded annual growth rate of 166% for last 6 years Company Homepage adanigroup.com Financials. adanigroup.com adanigroup.com Equity Watch. walletwatch.com Adani Exports, the largest superstar trading house and No.1 net forex earner in the private sector, reported a 9% fall in sales at Rs 2188.70 cr in FY 9903. Net profit, however, has increased 5% to Rs 65.89 cr. The EPS works out to Rs 59.6. A dividend at the rate of 30% has been declared. The company has recently entered into a joint venture (50:50) with Wilmar Pte, Singapore, to trade in vegetable oils. A 600 tpd vegetable oil refinery will be set up at Mundra port at the cost of Rs 40 cr. The company is developing a port at Mundra through Gujarat Adani port in association with Gujarat Port Infrastructure Development Corporation. The first phase has been developed at a cost of Rs 390 cr. It has already handled 35 ships with 3,80,000 t of cargo. The second phase involves setting up a 54-km rail link to Adipur, 3 container terminal berths, and a dry bulk berth totalling 1100-m quey length. The project will cost Rs 400 cr. Talks are on with various global companies for joint development and operation of container terminal. Adani group is also bidding for a 500 MW power project at Mundra based on imported coal. The estimated project cost is Rs 2000 cr with debt-equity ratio of 70:30. (Courtesy:CapitalMarkets)

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