Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Wednesday reported a strong financial performance for the second quarter of FY27, with consolidated revenue surging 74 per cent year-on-year (YoY) to Rs 38,023 crore.

EBITDA increased 62 per cent year-on-year to Rs 6,316 crore, while continuing profit before tax (PBT) surged 146 per cent to Rs 2,002 crore, according to its stock exchange filing.

Adani Group Chairman Gautam Adani said that the company’s strong earnings growth reflected the maturity of investments made over the past several years and the ability of multiple businesses to achieve scale.

“We live in an age of such intense disruption that the scale of our ambitions must continuously grow. What Adani Enterprises has become very effective at is turning increasingly large and complex commitments into execution at scale across our businesses,” Gautam Adani stated.

“Our investments in integrated energy, airports and AI ecosystems are recent examples. Perhaps, the strongest validation of our execution capabilities is the trust domestic and global investors continue to place in us, choosing to partner with us even amid extreme volatility,” the Adani Group Chairman noted.

For the first half of FY27, consolidated revenue rose 62 per cent to Rs 71,569 crore, while EBITDA climbed 56 per cent to Rs 11,958 crore.

Continuing PBT during the six-month period grew 45 per cent to Rs 3,297 crore. AEL said earnings were supported by the rapid ramp-up of its copper business, which contributed EBITDA of Rs 2,033 crore during the first half of the financial year.

The copper plant continued to scale up production, with sales volumes increasing 5.2 times year-on-year in H1 FY27.

The company also recorded progress across its emerging businesses. Adani New Industries Limited (ANIL) expanded its solar module manufacturing capacity to 10 GW after commissioning a 4.3 GW ‘TopCon’ module line in September 2026.

In the digital infrastructure segment, ‘AdaniConnex’ secured a new hyperscale order of 240 MW for its Navi Mumbai data centre.

AEL’s financial profile also received a boost during the quarter after CARE Ratings upgraded its long-term credit rating to AA with a ‘Stable’ outlook, the highest credit rating achieved by the company in its history.

The Chamber of Trade and Industry (CTI), an apex organisation representing traders and entrepreneurs in Delhi, on Wednesday wrote an open letter to the Leader of Opposition in the Lok Sabha, Rahul Gandhi, seeking a 20-minute meeting with him to discuss the Congress-led INDIA bloc’s November 1 rally at Ramlila Maidan.

In the letter, CTI Chairman Brijesh Goyal made a proposal involving 20 representatives from 20 major wholesale markets located near Ramlila Maidan, asking Rahul Gandhi to spare 20 minutes for a discussion on the potential impact of the rally on business activities in the national capital.

The CTI has proposed that if Rahul Gandhi can convince the traders during the meeting that the proposed mega rally, expected to draw one million people, would boost business and expand their customer base, the organisation would immediately withdraw its opposition and welcome the event.

However, if the traders convince Rahul Gandhi that the rally would adversely affect business in the 20 major markets surrounding Ramlila Maidan, he should postpone it until after Diwali in the public interest.

“We want dialogue, not a fight,” Goyal said.

He added that Rahul Gandhi often speaks about listening to everyone, including small traders, and that the proposed meeting would provide an opportunity to hear their concerns.

“Rahul Gandhi himself says that he listens to everyone and hears the voices of small traders. So, we, the traders from 20 markets, are asking him for 20 minutes. This would be the beauty of democracy,” Goyal said.

According to the CTI, the 20 markets fall within a radius of one to five kilometres of Ramlila Maidan and could face disruptions on the day of the rally.

The markets include Chandni Chowk, Bhagirath Palace, Khari Baoli, Sadar Bazaar, Chawri Bazaar, Kashmere Gate, Nabi Karim, Karol Bagh, Ajmeri Gate, Daryaganj, Nai Sadak, Kinari Bazaar, Dariba Kalan, Fatehpuri, Naya Bazaar, Filmistan, Paharganj, Gaffar Market, Jama Masjid-Meena Bazaar and Lajpat Rai Market.

These markets represent a wide range of businesses, including wholesale electronics, electrical goods, spices, dry fruits, garments, jewellery, books, stationery, machinery, auto parts, furniture, timber, mobile phones, crockery and grocery items.

The CTI said the rally could affect traders’ business operations due to the anticipated crowd, traffic restrictions and possible diversions in the surrounding areas.

In its letter, the organisation also referred to Rahul Gandhi’s message of promoting love and harmony, saying traders respected his efforts but were concerned about the potential impact of the rally during the festive season.

“Rahul ji, you open a shop of love in the market of hatred, we respect you, but do not close the shop of love in the market of Diwali. We are the traders who are the true face of your shop of love,” the letter stated.

The CTI expressed hope that Rahul Gandhi would accept its request for a 20-minute meeting to discuss the November 1 rally and its possible consequences for traders in Delhi’s major commercial hubs.

The Indian equity markets posted sharp losses early on Wednesday as elevated crude prices and the upcoming US Fed’s policy decision kept investors cautious.

As of 9.23 am, Sensex declined 684 points, or 0.93 per cent, to reach 72,914 and Nifty lost 167 points, or 0.74 per cent, to reach 22,581.

Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 declined 0.39 per cent, and the Nifty Smallcap 100 gained 0.06 per cent.

All sectoral indices on NSE traded in red, except Nifty auto, which rose 0.36 per cent. Nifty IT and FMCG were among top losers, down 3.2 per cent and 1.63 per cent, respectively.

Investors will track the US Federal Reserve’s policy decision and quarterly earnings, which could influence market direction and volatility through the session, analysts said.

In the previous session, Nifty closed at 22,749, down 0.02 per cent, after an early recovery was capped by profit booking. Immediate support is placed at 22,500–22,550, while resistance is seen at 22,850–22,900.

In the previous session, Bank Nifty closed at 53,974, down 0.72 per cent. Immediate support is placed at 53,800–54,000, while resistance is seen at 54,600–54,800.

In the Asian markets, China’s Shanghai index added 0.87 per cent, and Shenzhen gained 2.19 per cent, Japan’s Nikkei added 1.26 per cent, and Hong Kong’s Hang Seng Index advanced 0.38 per cent. South Korea’s Kospi added 6.2 per cent.

The US markets ended in green overnight as Nasdaq added 1.18 per cent, S&P 500 gained 0.6 per cent, and the Dow Jones inched up 0.03 per cent.

On October 27, foreign institutional investors (FIIs) net bought equities worth Rs 4,240 crore, while domestic institutional investors (DIIs) sold equities worth Rs 1,250 crore.