Shares of Adani Enterprises and Adani Ports and Special Economic Zone (APSEZ) led gains in the Nifty50 in early trade on Wednesday, supported by strong earnings from Adani Enterprises and strategic developments in the Adani Group’s businesses.

Adani Enterprises shares rose 4.42 per cent to Rs 2,974.50 on the National Stock Exchange (NSE) at 11:41 am, while APSEZ saw a 2.62 per cent rise at Rs 1,408.65. All other Adani group companies also moved in the green, supported by these positive signals.

Adani Enterprises reported a substantial 664 per cent rise in its net profit year-on-year for the September quarter, touching Rs 1,742 crore compared to Rs 228 crore in the same period last year.

Revenue rose 16 per cent to Rs 22,608 crore from Rs 19,546 crore a year ago, although it was down from Rs 25,472 crore in the previous quarter. In its latest board meeting, Adani Enterprises approved a fund raising plan of Rs 2,000 crore through non-convertible debentures (NCDs) and also noted a successful fundraising of Rs 4,200 crore (500 million dollars) via a qualified institutional placement (QIP).

Adani Enterprises has seen significant gains across sectors recently. Highlights include a letter of award for a 101.5 MW electrolyzer manufacturing facility from SECI, bringing the total awarded capacity to 300 MW.

The company also advanced its infrastructure projects, with the Navi Mumbai International Airport welcoming its first Indian Air Force aircraft and the tentative completion of its first build-operate-transfer (BOT) and hybrid annuity model (HAM). Besides, it received a mandate from SAIL to develop a 7 MTPA iron ore mine in Taldih.

Reflecting on this progress, Adani Group Chairman Gautam Adani said, “Our record performance reflects Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL) driving rapid capacity expansions and asset utilization.

He added that the company’s focus on greenfield projects in the areas of energy transition, logistics and adjacent sectors is designed to support India’s economic growth, with continued investments in technologies innovative solutions to support the group’s high growth trajectory.

Gains in Adani shares today underline market confidence in the group’s strategy to continue expanding across diverse sectors, from data centers and roads to metals and specialist manufacturing.