In May this year, the board of Adani Enterprises had approved fundraising of ₹16,600 crore via the QIP route. The announcement was made shortly after Adani Group's power arm Adani Energy Solutions’ board gave nod for fundraising of ₹12,500 crore through the QIP.

In August this year, Adani Energy Solutions completed its ₹8,373 crore ($1 billion) QIP, the largest in India's power sector. This was AESL’s first equity raise in the capital market since its demerger and listing from AEL in July 2015. The company intended to use QIP proceeds for investment in transmission assets, smart metering business, and debt repayment.

For the first quarter ended June 30, 2024, AEL reported robust earnings on the back of strong performance by core infra businesses comprising ANIL ecosystem, airports, and roads. The billionaire Gautam Adani-led company also announced the demerger of the food FMCG business of AEL to Adani Wilmar to unlock value for its shareholders.

For Q1 FY25, Adani Enterprises posted a 115.8% jump in its consolidated net profit to ₹1,454.5 crore as compared to ₹673.9 crore in the year ago period. The consolidated revenue from operation increased by 12.4% year-on-year (YoY) to ₹25,472.4 crore in Q1 FY25. The EBITDA surged by 48% to ₹4,300 crore versus ₹2,897 crore in the corresponding period last year.

AEL's current incubation portfolio includes airports and roads in the transport and logistics sector, new energy ecosystem (including solar and wind manufacturing) and data centres in the energy and utility sector. Its other businesses including copper, PVC, defense and specialised manufacturing, focus on import substitution and addresses India's vision of Atmanirbhar Bharat.

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Adani Enterprises QIP

Adani Enterprises raises ₹4,200 cr via QIP; here’s how the stock reacts