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Adani Enterprises to supply coal to NTPC

Adani Enterprises to supply coal to NTPC

Ahmedabad, March 05, 2012: Adani Enterprises, India's largest coal importer and part of the Adani Group, a global integrated infrastructure player, has signed five agreements for supply of imported coal with NTPC Ltd, the country's largest power generation company.

Adani Enterprises will supply 4 million tonnes of coal imported from global sources between March to June 2012 to NTPC's fourteen power stations across India. The imported coal is required to meet the coal blending requirements of the NTPC power stations.

The company will supply 1 million tonnes of imported coal to NTPC's Talcher power stations, 1 million tonnes for Farakka and Kahalgaon stations, 0.5 million tonnes for Simhadri and Ramagundam stations, 0.8 million tonnes for Dadri, Rihand, Singrauli, Tanda, Unchchar and Vindhyachal stations, and 0.7 million tonnes for Korba and Sipat stations.

Adani Enterprises is India's largest importer of coal with a market share of over 50 percent with almost all the state-run power utilities in India as its customers. It is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries.

The company is expected to mine 200 million tonnes of coal per year in 2020, making Adani one of the largest mining groups in the world.

ABOUT THE ADANI GROUP:

The Adani Group is one of India's leading business houses and an integrated global infrastructure player which has leveraged its strong project execution capabilities in key traditional industry verticals like resources, logistics and energy to achieve significant growth and stakeholder value.

Founded in 1988, the Adani group today employs 9,000 people across 2 continents. It has truly metamorphed from being a trusted trading house into a diversified Indian multinational with integrated operations across India, Indonesia and Australia.

Adani Enterprises Ltd, the Adani Group's flagship company, has featured in the Forbes Asia's Fab 50 for last two consecutive years. Forbes also ranked Adani Group chairman Gautam Adani as the 7th Richest Indian in 2011, while Fortune ranked him as the Business Leader of the Next Decade in its February 2011 issue.

OUR BUSINESSES:

Resources: We are developing and operating coal mines in India, Indonesia and Australia. We are also importing and trading coal from many other countries. Our coal extractive capacity is set to jump manifold to 200 million tonnes by 2020 catapulting into one of the largest mining groups in the world. We have interests in oil & gas exploration as well.

Logistics: We operate India's largest private sector port and Special Economic Zone at Mundra and are developing ports at Dahej, Hazira, Mormugao and Visakhapatnam in India and Adani Abbot Point in Australia. We aim to emerge as the largest port operator in India by handling 200 million tonnes of cargo by 2020.

Power: We are India's largest private power generation group with a capacity of 4,000 MW. We are implementing six power projects for generating 16500 MW of power across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. We aim to generate 20,000 MW by 2020 and also actively investing in cross country power transmission lines for evacuating power from our generation facilities.

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