{"id":287546,"date":"2019-08-17T06:45:37","date_gmt":"2019-08-17T06:45:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=287546"},"modified":"2019-08-17T06:45:37","modified_gmt":"2019-08-17T06:45:37","slug":"adani-finds-mine-development-contracts-more-promising-than-trading","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-finds-mine-development-contracts-more-promising-than-trading\/","title":{"rendered":"Adani finds mine-development contracts more promising than trading"},"content":{"rendered":"<p>Adani Group built its fortunes by starting as a commodity trading company. But, Adani Enterprises \u2014 the flagship company of the three-decade-old trading group \u2014 now sees mine-development contracts as more promising than trading. <\/p>\n<p>\u201cAs we grew, we also looked at how to best utilise our capabilities. Our mine development and operation (MDO) business is growing faster than trading,\u201d said Jugeshinder Singh, chief financial officer, Adani Enterprises. He expected the company\u2019s bulk handling to be higher from the MDO contracts, compared to trading. <\/p>\n<p>In 2006, Adani Enterprises was awarded its first MDO contract. At present, Adani Enterprises is India\u2019s largest MDO operator. The company has one fully operational MDO; two more MDOs have started and another seven are under development. \u201cOne of the seven will start operations in the next financial year,\u201d Singh said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Group built its fortunes by starting as a commodity trading company. But, Adani Enterprises \u2014 the flagship company of the three-decade-old trading group \u2014 now sees mine-development contracts as more promising than trading. \u201cAs we grew, we also looked at how to best utilise our capabilities. Our mine development and operation (MDO) business is growing faster than trading,\u201d said Jugeshinder Singh, chief financial officer, Adani Enterprises. He expected the company\u2019s bulk handling to be higher from the MDO contracts, compared to trading. In 2006, Adani Enterprises was awarded its first MDO contract. At present, Adani Enterprises is India\u2019s largest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-287546","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=287546"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/287546\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=287546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=287546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=287546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}