In AEL's mining services business, production volume at Parsa Kente coal mine in Chhattisgarh increased by 26 per cent to 4.71 mmt vs 3.74 mmt in Q3 FY 19 while coal production at its Gare Pelma III mine in Chhattisgarh commenced with volume of 0.06 mmt, taking the total to 4.77 mmt.
Commenting on the results, group chairman Gautam Adani said that the company continues to focus on incubating assets in transportation and utilities space. "These new India-centric businesses will be instrumental in the economic growth of the country, at the same time it will endorse our work and take the benefits to masses," he added.
In the newer businesses, AEL signed three concession agreements with NHAI under hybrid annuity model to date for construction of roads aggregating to over 150 kilometres with a project completion status of 30 per cent in Bilaspur-Pathrapali project at Chhattisgarh.
AEL stated that the company had won bids for six airports at Ahmedabad, Mangaluru, Lucknow, Trivandrum, Jaipur and Guwahati, out of which cabinet approval and security clearances have also been received for Ahmedabad, Mangaluru and Lucknow.
Meanwhile, in AEL's food business, the company has maintained its leadership position with its “Fortune” brand and continues to lead the refined edible oil market with more than 20 per cent market share.