Mumbai, Nov. 4 -- The board of Adani Enterprises Ltd, the group's flagship company, on Tuesday approved raising up to Rs.25,000 crore through a rights issue, even as the company's revenue and profit declined due to weakness in its coal trading business

Adani Ports and Special Economic Zone Ltd (APSEZ), the group's cash generator, meanwhile, reported robust growth in earnings as it handled more cargo and operated more ports than the previous year.

Adani Enterprises, which incubates new businesses for the Ahmedabad-based conglomerate and also houses one of its oldest resources trading businesses, reported a 6% year-on-year drop in its total revenue to Rs.21,844 crore. While income expanded across its airports, renewable energy products an...