News

Adani Airport Holdings likely to list in next 2-3 years The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.  Jeet Adani, Director of Adani Airport Holdings Ltd, said in a media report that he wants to focus on three things before bringing the company's IPO. First is the commercialisation and stabilisation of Navi Mumbai, which will start next year. Second is city-side development around the...
Adani Airport Holdings likely to list in next 2-3 years
Adani Airport Holdings likely to list in next 2-3 years
Source: IANS
2024-11-19 03:48:40 pm
Adani Group pledges $10 billion investment in US energy security, infra projects Gautam Adani, Chairman of the Adani Group, on Wednesday announced that the Group commits a $10 billion investment in US energy security and infrastructure projects, aiming to create up to 15,000 local jobs in the country. In a post on X social media platform, Gautam Adani once again congratulated President-elect Trump, who is set to become America’s 47th President in a most momentous comeback in political history. “As the partnership between India and the United States deepe...
Adani Group pledges $10 billion investment in US energy security, infra projects
Adani Group pledges $10 billion investment in US energy security, infra projects
Source: IANS
2024-11-14 09:17:25 am
Adani Group stocks surge, add Rs 54,381 cr in market cap The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.  The market cap of Adani Group companies rose to Rs 16 lakh crore. Shares of Adani Group companies gained, while the NSE Nifty 50 recorded the best session since September 20 and the BSE Sensex since October 28. The Nifty 50 ended 270.75 points or 1.12 per cent higher at 24,484.05, and the Sensex closed 901.50 points or 1.13 per cent up...
Adani Group stocks surge, add Rs 54,381 cr in market cap
Adani Group stocks surge, add Rs 54,381 cr in market cap
Source: IANS
2024-11-07 10:01:16 am
Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect Gautam Adani, Chairman of the Adani Group, on Wednesday congratulated Donald Trump for his resounding victory in the US presidential election, saying it is fascinating to see America’s democracy empower its people and uphold the nation's founding principles.   Trump is set to become America’s 47th President, in a most momentous comeback in political history. In a post on X, Gautam Adani said: "If there is one person on Earth who stands as the embodiment of unbr...
Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect
Unbreakable tenacity, unshakeable grit: Gautam Adani welcomes 47th POTUS-elect
Source: IANS
2024-11-07 09:09:56 am
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group Andhra Pradesh Chief Minister N. Chandrababu Naidu met with a delegation from the Adani Group to discuss investment opportunities in the state.  The delegation was led by Rajesh Adani, Managing Director of Adani Exports Ltd and Karan Adani, Managing Director of Adani Ports and SEZ Ltd. CM Naidu posted on ‘X’ that they discussed a range of investment opportunities in Andhra Pradesh. “Their presentation covered projects with the potential to drive comprehensive g...
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group
CM N. Chandrababu Naidu discusses investment opportunities with Adani Group
Source: IANS
2024-10-29 01:48:56 pm
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore Adani Wilmar Ltd on Thursday reported its highest-ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).   In Q2 FY25, the Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. In the quarter, the company saw an 18 per cent surge in revenue at Rs 14,460 crore (year-on-year). Adani Wilmar MD and CEO Angshu Mallick said they have delivered another strong quarter, with double-digit growth in bo...
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore
Source: IANS
2024-10-25 11:09:21 am
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2 Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).  The company clocked volume growth of 15 per cent (year-on-year), at 9.3 million tonnes – the highest volume in Q2 series in the last 5 years. Operating EBITDA was at Rs 436 crore while net worth increased to Rs 16,725 crore, according to ACC Ltd, a subsidiary of Ambuja Cements. "Our perf...
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Adani Group`s ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Source: IANS
2024-10-25 10:33:03 am
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh  India's New Delhi Television (NDTV) posted its fourth-straight quarterly loss on Wednesday, as the news broadcaster's expenses surged. The company, 64.7% of which is owned by ports-to-energy conglomerate Adani Group, reported a loss of 527.7 million rupees ($6.28 million) for the July-September quarter, compared to a profit of 59.1 million rupees in the year-ago period. NDTV's total expenses surged 76% on the back of a jump in operating as well as production and market...
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Indian news broadcaster NDTV posts Q2 loss as operating, production costs weigh
Source: Reuters
2024-10-23 04:35:48 pm
Adani Enterprises rises as its arm incorporates Joint Venture Company with Indoport Logistics Adani Enterprises is currently trading at Rs. 2865.55, up by 41.20 points or 1.46% from its previous closing of Rs. 2824.35 on the BSE. The scrip opened at Rs. 2839.90 and has touched a high and low of Rs. 2871.10 and Rs. 2823.70 respectively. So far 14695 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3743.00 on 03-Jun-2024 and a 52 week low of Rs. 2142.30 on 20-Nov-2023. Last one week high and low of the scri...
Adani Enterprises rises as its arm incorporates Joint Venture Company with Indoport Logistics
Adani Enterprises rises as its arm incorporates Joint Venture Company with Indoport Logistics
Source: Accord Fintech
2024-10-23 11:24:11 am
Major deals in India's cement sector since Adani Group's entry in 2022 Dealmaking in India's cement sector is in the spotlight again, after Ambuja Cements said on Tuesday it will buy a near-47% stake in smaller rival Orient Cement for $451 million. Billionaire Gautam Adani's conglomerate is locked in a fierce battle with UltraTech Cement as the rivals snap up smaller firms in a bid to capitalise on expectations of heavy government spending on infrastructure. Here is a timeline of some of the major deals announced in the sector since Adani's for...
Major deals in India's cement sector since Adani Group's entry in 2022
Major deals in India's cement sector since Adani Group's entry in 2022
Source: Reuters
2024-10-22 01:46:02 pm
Adani Foundation donates Rs 100 crore for Telangana’s Young India Skills University In a bid to create a lasting legacy that will uplift generations to come, the Adani Foundation on Friday announced a donation of Rs 100 crore towards the establishment of the Young India Skills University in Telangana.  Gautam Adani, Chairman of the Adani Group, met state Chief Minister A. Revanth Reddy here, along with a delegation from the Adani Foundation, and presented a cheque of Rs 100 crore for Young India Skills University. "Privileged to contribute to the transformati...
Adani Foundation donates Rs 100 crore for Telangana’s Young India Skills University
Adani Foundation donates Rs 100 crore for Telangana’s Young India Skills University
Source: IANS
2024-10-19 09:00:01 am
Adani Energy Solutions reports surge in project pipeline to Rs 27,300 crore in Q2 FY25 Adani Energy Solutions Ltd (AESL) on Monday reported an increase in its project pipeline from Rs 17,000 crore in the first quarter of the current fiscal to Rs 27,300 crore in the second quarter (Q2 FY25).   The Adani Group company said its transmission network was at 23,269 circuit kilometres (ckm) in the July-September period, compared to 19,862 ckm in the same period of the previous year. It also mentioned its construction of the longest private high-voltage direct current line. ...
Adani Energy Solutions reports surge in project pipeline to Rs 27,300 crore in Q2 FY25
Adani Energy Solutions reports surge in project pipeline to Rs 27,300 crore in Q2 FY25
Source: IANS
2024-10-15 10:24:30 am
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port Adani Ports and Special Economic Zone is currently trading at Rs. 1408.50, up by 0.90 points or 0.06% from its previous closing of Rs. 1407.60 on the BSE. The scrip opened at Rs. 1410.50 and has touched a high and low of Rs. 1426.00 and Rs. 1407.60 respectively. So far 21417 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 754.50 on 26-Oct-2023. Last one week high a...
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port
Adani Ports inches up on completing acquisition of 95% stake in Gopalpur Port
Source: Accord Fintech
2024-10-14 12:52:57 pm
India`s Adani Group plans 10 GW overseas hydroelectric projects, sources say India's Adani Group plans to build 10 gigawatts of overseas hydroelectric projects over the next few years, four sources familiar with the plans told Reuters, helping the conglomerate reach its net zero carbon emissions goal by 2050. Billionaire owner Gautam Adani, whose businesses span from rice to cement, announced in 2022 the group would invest $100 billion over the next decade to develop green energy capabilities including setting up the world's largest solar energy park in wes...
India`s Adani Group plans 10 GW overseas hydroelectric projects, sources say
India`s Adani Group plans 10 GW overseas hydroelectric projects, sources say
Source: Reuters
2024-10-10 02:02:38 pm
Major deals in India`s cement sector since Adani Group`s entry in 2022 Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion. Billionaire Gautam Adani's conglomerate is locked in a fierce battle with UltraTech Cement as the rivals snap up smaller firms in a bid to capitalise on expectations of heavy government spending on infrastructure. Here is a timeline of some of the major deals ...
Major deals in India`s cement sector since Adani Group`s entry in 2022
Major deals in India`s cement sector since Adani Group`s entry in 2022
Source: Reuters
2024-10-07 03:23:07 pm
Adani Group in talks to buy Heidelberg`s Indian cement operations, ET reports The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times reported on Monday, citing people familiar with the matter. Adani Group, led by billionaire Gautam Adani, entered India's cement sector in 2022 by buying Holcim's local units and has made a string of acquisitions since then as it jostles with top cement producer UltraTech Cement for market share. India's ce...
Adani Group in talks to buy Heidelberg`s Indian cement operations, ET reports
Adani Group in talks to buy Heidelberg`s Indian cement operations, ET reports
Source: Reuters
2024-10-07 09:03:38 am
Adani Group, Google join hands to drive clean energy adoption in India The Adani Group and Google on Thursday announced a collaboration that will advance the companies’ collective sustainability goals and add more clean energy to the national grid.  The Adani Group will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Gujarat's Khavda. The new project is expected to start commercial operations in the third quarter of 2025, the company said in a statement. With proven c...
Adani Group, Google join hands to drive clean energy adoption in India
Adani Group, Google join hands to drive clean energy adoption in India
Source: IANS
2024-10-03 02:29:34 pm
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative In yet another feat for the Adani Group, three portfolio companies -- Adani Enterprises (via its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone (APSEZ), and Ambuja Cements -- have joined the World Economic Forum’s (WEF) 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster, it was announced on Monday.  The Adani Mundra Cluster will become one of the world’s largest integrated green hydrogen hubs, with a planne...
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
3 Adani Group firms join World Economic Forum's 'Industrial Clusters' initiative
Source: IANS
2024-10-01 09:01:19 am
Adani Enterprises inches up on incorporating wholly owned subsidiary Adani Enterprises is currently trading at Rs. 3093.70, up by 1.30 points or 0.04% from its previous closing of Rs. 3092.40 on the BSE. The scrip opened at Rs. 3105.25 and has touched a high and low of Rs. 3124.00 and Rs. 3081.75 respectively. So far 26694 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3743.00 on 03-Jun-2024 and a 52 week low of Rs. 2142.30 on 20-Nov-2023. Last one week high and low of the scrip...
Adani Enterprises inches up on incorporating wholly owned subsidiary
Adani Enterprises inches up on incorporating wholly owned subsidiary
Source: Accord Fintech
2024-09-25 03:29:12 pm
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector Gautam Adani, Chairman of the Adani Group, has held a high-level meeting with Eric Martel, CEO of Bombardier, and deliberated on “transformative partnerships” in the aviation sector.   In a post on social media platform X, on Wednesday, Gautam Adani informed that they will aim to harness synergies for a stronger, self-reliant India. “Powering India's aviation growth! Had a great discussion with @Bombardier CEO Eric Martel on transformative partnerships in A...
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector
Gautam Adani, Bombardier CEO discuss `transformative partnerships` in aviation sector
Source: IANS
2024-09-25 10:01:04 am
'Deeply troubled': Adani Group donates Rs 25 crore towards Andhra flood relief efforts  The Adani Group on Thursday announced it is donating Rs 25 crore towards the relief efforts in Andhra Pradesh, battered by torrential rains and floods.   Gautam Adani, Chairman of the Adani Group, said he is "deeply troubled" by the extensive damage caused by the recent torrential rains and flooding in the state. "The Adani Group stands in solidarity with the people of Andhra Pradesh and humbly extends our support through the Adani Foundation with a contributio...
'Deeply troubled': Adani Group donates Rs 25 crore towards Andhra flood relief efforts
'Deeply troubled': Adani Group donates Rs 25 crore towards Andhra flood relief efforts
Source: IANS
2024-09-19 04:35:47 pm
Adani Group honoured in TIME’s World’s Best Companies of 2024 Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.  The list was prepared in collaboration with Statista, a global industry ranking and statistics portal.  Notably, eight out of 11 listed Adani portfolio companies were considered in the evaluation, reflecting a comprehensive performance across the group. The other three listed companies are subsid...
Adani Group honoured in TIME’s World’s Best Companies of 2024
Adani Group honoured in TIME’s World’s Best Companies of 2024
Source: IANS
2024-09-14 09:05:14 am
Adani Ports climbs on signing concession agreement with DPA to develop berth Adani Ports and Special Economic Zone is currently trading at Rs. 1463.85, up by 33.65 points or 2.35% from its previous closing of Rs. 1430.20 on the BSE. The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1469.70 and Rs. 1440.00 respectively. So far 22760 shares were traded on the counter.  The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1607.95 on 03-Jun-2024 and a 52 week low of Rs. 754.50 on 26-Oct-2023. Last one week...
Adani Ports climbs on signing concession agreement with DPA to develop berth
Adani Ports climbs on signing concession agreement with DPA to develop berth
Source: Accord Fintech
2024-09-12 12:22:11 pm
Explainer: How India`s ambitious semiconductor journey is taking shape As India begins its semiconductor electronics manufacturing journey amid Prime Minister Narendra Modi’s "it is right time to be in India" call, the reformist government, a growing manufacturing base in Bharat, and a huge aspirational market can help realise the mega chip dream.  To begin with, about Rs 1.52 lakh crore (nearly $18 billion) worth of investments have come in India’s semiconductor manufacturing space in a short span of time and several projects are a...
Explainer: How India`s ambitious semiconductor journey is taking shape
Explainer: How India`s ambitious semiconductor journey is taking shape
Source: IANS
2024-09-12 11:09:27 am
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.  The Berth No 13 at Deendayal Port in Kandla will handle multipurpose cargo and is expected to be commissioned in FY27, India’s largest port developer-cum-operator said in a statement. "Berth No 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that ...
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo
Adani Ports to develop berth at Gujarat`s Kandla Port for multi-purpose cargo
Source: IANS
2024-09-11 05:07:17 pm
Adani Airports launches `aviio` app to enhance passenger experience The Adani Airports Holdings Ltd (AAHL) has launched the ‘aviio’ app -- a first-ever comprehensive, digital transformation platform for the airport ecosystem -- to bring the aviation community together and collaborate to serve passengers better, an official said here on Tuesday. AAHL -- a subsidiary of Adani Enterprises, the flagship company of the globally diversified Adani Group -- manages seven airports, and one more is expected to go live in mid-2025. By enabling airport ...
Adani Airports launches `aviio` app to enhance passenger experience
Adani Airports launches `aviio` app to enhance passenger experience
Source: IANS
2024-09-10 06:03:38 pm
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani It is now well established that by the end of this decade, India is set to be the world’s third-largest economy under Prime Minister Narendra Modi-led government’s third term, Gautam Adani, the Chairman of the Adani Group, said here on Thursday.  In his address at the city’s Jai Hind College on the occasion of Teachers’ Day, Gautam Adani said that India is also positioned to consolidate the several groundbreaking initiatives launched by the government and conti...
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani
India set to be world`s 3rd-largest economy by decade`s end: Gautam Adani
Source: IANS
2024-09-06 09:48:09 am
Full literacy, zero poverty biggest boundary to break to become superpower: Gautam Adani Gautam Adani, the Chairman of the Adani Group, said here on Thursday that as India aspires to become a superpower, we must aim at breaking the final boundary to help the country take that giant leap -- full literacy and zero poverty.  Sharing his own life examples about how he broke several boundaries to take the Adani Group to scale new heights, Gautam Adani said the future belongs to those who dare to see beyond the present and recognise that today's limits are tomorrow's st...
Full literacy, zero poverty biggest boundary to break to become superpower: Gautam Adani
Full literacy, zero poverty biggest boundary to break to become superpower: Gautam Adani
Source: IANS
2024-09-06 09:43:27 am
Dharavi project a mission to restore dignity for over 1 mn residents: Gautam Adani  Dharavi is not just a redevelopment project but a mission to restore dignity for more than 1 million residents and provide them with an unmatched ecosystem of sustainable living, Gautam Adani, the Chairman of the Adani Group, said here on Thursday.   In his address on the occasion of the Teachers’ Day at the Jai Hind College here, Gautam Adani said that they are set to transform the world’s largest slum over the next decade. "Not only will this provide dignit...
Dharavi project a mission to restore dignity for over 1 mn residents: Gautam Adani
Dharavi project a mission to restore dignity for over 1 mn residents: Gautam Adani
Source: IANS
2024-09-06 09:37:04 am
India's Adani Group to raise at least $1.5 billion via dollar bonds, Bloomberg News reports India's Adani Group is in talks with global banks to raise at least $1.5 billion through dollar bond sales, Bloomberg News reported on Thursday, citing people familiar with the plans.  
India's Adani Group to raise at least $1.5 billion via dollar bonds, Bloomberg News reports
India's Adani Group to raise at least $1.5 billion via dollar bonds, Bloomberg News reports
Source: Reuters
2024-09-05 02:35:03 pm
TotalEnergies deepens ties with India's Adani Green with $444 million JV TotalEnergies will form a new joint venture with India's Adani Green Energy Limited in a deal that will see the French oil giant contribute an equity investment of $444 million, it said on Tuesday. The pair had said in September 2023 that they would join forces in a deal then announced at $300 million, which would give Total "direct access to ownership of assets" contributed by Adani Green — namely 1.05 gigawatts (GW) of wind and solar farms in India, where the bulk of ...
TotalEnergies deepens ties with India's Adani Green with $444 million JV
TotalEnergies deepens ties with India's Adani Green with $444 million JV
Source: Reuters
2024-09-03 09:18:16 am
Adani Group deeply committed to Madhya Pradeshs overall economic progress: Karan Adani The Adani Group is deeply committed to the overall economic development of Madhya Pradesh and has already invested about Rs 18,250 crore and created 12,000 jobs across different sectors in the state, Karan Adani, Managing Director of Adani Ports and SEZ Ltd (APSEZ), said here on Wednesday.  Addressing the ‘2024 Regional Industrial Conclave’ here, Karan Adani announced to set up a two million tonnes per annum (MTPA) cement grinding unit in Guna district, along with a state-...
Adani Group deeply committed to Madhya Pradeshs overall economic progress: Karan Adani
Adani Group deeply committed to Madhya Pradeshs overall economic progress: Karan Adani
Source: IANS
2024-08-28 06:23:37 pm
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements  An Adani Group-owned company is selling shares worth $500 million in Ambuja Cements, according to a term sheet seen by Reuters on Thursday. The holding company, Holderind Investments, is selling a 2.84% stake in the cement company on Friday, with the floor price of the sale set at 600 rupees per share. The sale is at a 5% discount to Thursday's closing price of 631.8 rupees. Adani Group had a 70.33% stake in Ambuja as of June 30, according to exchange data. Holderind's ...
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements
India`s Adani Group-owned firm to sell stake worth $500 million in Ambuja Cements
Source: Reuters
2024-08-23 09:15:44 am
JNK India zooms on winning order from Mundra Petrochem JNK India is currently trading at Rs. 775.00, up by 26.05 points or 3.48% from its previous closing of Rs. 748.95 on the BSE. The scrip opened at Rs. 742.10 and has touched a high and low of Rs. 777.00 and Rs. 720.00 respectively. So far 8440 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 895.40 on 24-Jun-2024 and a 52 week low of Rs. 550.00 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs. 7...
JNK India zooms on winning order from Mundra Petrochem
JNK India zooms on winning order from Mundra Petrochem
Source: Accord Fintech
2024-08-21 04:10:14 pm
Adani Portfolio clocks 50 pc surge in net profit at Rs 10,279 cr in Q1, emerging businesses lead Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio’s net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore -- up 32.9 per cent YoY -- the company said on Monday.  EBITDA for core infrastructure businesses (utility, transport and infra businesses under the Adani Enterprises Ltd) increased 41.6 per cent YoY in the April-June quart...
Adani Portfolio clocks 50 pc surge in net profit at Rs 10,279 cr in Q1, emerging businesses lead
Adani Portfolio clocks 50 pc surge in net profit at Rs 10,279 cr in Q1, emerging businesses lead
Source: IANS
2024-08-19 10:48:26 am
Truly captivating: Gautam Adani after hosting British Envoy to India  Adani Group Chairman Gautam Adani said on Monday that he was honoured to host Lindy Cameron, the British High Commissioner to India, and her sharp take on the “ever-evolving global landscape is truly captivating”.  In a post on X, Gautam Adani mentioned about the meeting with the British envoy. “Her sharp, insightful take on the ever-evolving global landscape is truly captivating! It was equally inspiring to see her engage with our 2nd batch of Chevening-Ada...
Truly captivating: Gautam Adani after hosting British Envoy to India
Truly captivating: Gautam Adani after hosting British Envoy to India
Source: IANS
2024-08-13 09:27:22 am
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share Adani Green Energy Ltd (AGEL) has shown remarkable growth with its operational renewable energy (RE) capacity expanding at a 41 per cent CAGR over the past five years, brokerage firm Emkay Global said on Monday, initiating coverage on the company with a 'buy' recommendation and a target price of Rs 2,550 per share -- over 50 per cent upside from current levels.  The Adani Group firm is expected to achieve a robust growth trajectory, supported by its strategic asset base and si...
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share
Source: IANS
2024-08-12 01:39:23 pm
ITCONS E-Solutions rises on wining work order worth Rs 2.56 crore ITCONS E-Solutions is currently trading at Rs. 191.00, up by 8.90 points or 4.89% from its previous closing of Rs. 182.10 on the BSE. The scrip opened at Rs. 182.10 and has touched a high and low of Rs. 191.00 and Rs. 182.10 respectively. So far 18000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.00 on 26-Jul-2024 and a 52 week low of Rs. 37.10 on 09-Aug-2023. Last one week high and low of the scrip stood...
ITCONS E-Solutions rises on wining work order worth Rs 2.56 crore
ITCONS E-Solutions rises on wining work order worth Rs 2.56 crore
Source: Accord Fintech
2024-08-06 10:29:15 am
India's Adani plans to cede control to family by early 2030s, Bloomberg News reports Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News in an interview published on Monday. When Adani retires, his four heirs - sons Karan and Jeet, and their cousins Pranav and Sagar - will become equal beneficiaries of the family trust, according to the scions, the report said. A confidential agreement will dictate the transition of stakes in the conglomerate's firms to ...
India's Adani plans to cede control to family by early 2030s, Bloomberg News reports
India's Adani plans to cede control to family by early 2030s, Bloomberg News reports
Source: Reuters
2024-08-05 09:16:23 am
Dharavi residents support government survey to speed up $3 billion redevelopment project  The world's largest redevelopment project in Mumbai's Dharavi by the Adani Group has been gaining massive local support and now, citizens of the world's largest slum have supported a key state government survey for the $3 billion redevelopment project.  The survey is being spearheaded by the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government along with the Dharavi Redevelopment Project Private Ltd (DRPPL), a joint venture be...
Dharavi residents support government survey to speed up $3 billion redevelopment project
Dharavi residents support government survey to speed up $3 billion redevelopment project
Source: IANS
2024-08-04 04:41:37 pm
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar Ambuja Cements, part of the diversified Adani Portfolio, on Saturday announced to invest Rs 1,600 crore to set up a 6 MTPA cement grinding unit in Bihar.  Aimed at boosting infrastructure, the Warisaliganj Cement Grinding Unit is likely to contribute approximately Rs 250 crore per year to the state’s fiscal revenue and creating 250 direct and 1,000 indirect jobs for the state. “This investment by the Adani Group is a testament to Bihar’s growth potential and our c...
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar
Adani’s Ambuja Cements to invest Rs 1,600 crore to set up cement plant in Bihar
Source: IANS
2024-08-03 04:13:05 pm
Billionaire Druckenmiller invests in Adani Energy's $1 billion QIP that oversubscribed 6 times As the Adani Energy Solutions' $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of more than Rs 50,000 crore, billionaire Stanley Druckenmiller's family office-led investment firms have made their maiden bet on the Adani Group's power transmission business.   The billionaire’s firms seek shares of Adani Energy Solutions in the institutional sale, according to sources. QIP is an instrument used by listed companies ...
Billionaire Druckenmiller invests in Adani Energy's $1 billion QIP that oversubscribed 6 times
Billionaire Druckenmiller invests in Adani Energy's $1 billion QIP that oversubscribed 6 times
Source: IANS
2024-08-02 10:08:26 am
Deeply saddened: Gautam Adani announces Rs 5 crore contribution for landslide-hit Wayanad Gautam Adani, Chairman of the Adani Group, on Wednesday, said he is deeply saddened at the tragic loss of lives in the devastation caused by landslides in Kerala's Wayanad, and announced a Rs 5 crore contribution to Kerala Chief Minister's Distress Relief Fund.  Massive landslides occurred at Churalpara in Kerala's Wayanad on Tuesday. The death toll due to the deadly landslides in Wayanad had touched the 200 mark and was likely to increase further. In a post on X, Gauta...
Deeply saddened: Gautam Adani announces Rs 5 crore contribution for landslide-hit Wayanad
Deeply saddened: Gautam Adani announces Rs 5 crore contribution for landslide-hit Wayanad
Source: IANS
2024-08-01 09:12:52 am
India's Adani Group considers investing in Vietnam's airports India's Adani Group is considering investing in two airports in Vietnam, the Vietnamese government said on Wednesday, weeks after the company revealed it had permission to build a seaport in the country. The government statement comes after a meeting in Delhi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Gautam Adani, head of conglomerate Adani Group, during Chinh's official visit to India. "Adani is planning to strengthen cooperation with Vietnamese...
India's Adani Group considers investing in Vietnam's airports
India's Adani Group considers investing in Vietnam's airports
Source: Reuters
2024-07-31 04:24:11 pm
Adani Green begins wind generation from Khavda renewable energy plant  Adani Green Energy Limited (AGEL) on Wednesday said it has operationalised the first 250 MW wind capacity at the world’s largest 30,000 MW (30 GW) renewable energy plant at Khavda, Gujarat.  With this milestone, 2,250 MW of cumulative capacity has been made operational at the Khavda plant, strengthening AGEL’s leadership in India with the largest operational portfolio of 11,184 MW. “Khavda has one of the best wind resources in India, with speeds of 8 metres ...
Adani Green begins wind generation from Khavda renewable energy plant
Adani Green begins wind generation from Khavda renewable energy plant
Source: IANS
2024-07-24 02:12:19 pm
Adani Group-backed Sirius Digitech acquires Coredge.io to safeguard data sovereignty Amid the global call for safeguarding data sovereignty, Sirius Digitech Ltd, a joint venture between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), on Tuesday announced the acquisition of Coredge.io, a sovereign AI and cloud platform company, for an undisclosed sum.  The acquisition will enable Sirius Digitech to provide cloud services to empower organisations in leveraging sovereign cloud innovations while retaining sensitive da...
Adani Group-backed Sirius Digitech acquires Coredge.io to safeguard data sovereignty
Adani Group-backed Sirius Digitech acquires Coredge.io to safeguard data sovereignty
Source: IANS
2024-07-16 05:20:41 pm
Adani Green`s innovative projects advancing India`s zero-emissions goals: US envoy Garcetti The United States' Ambassador to India, Eric Garcetti, on Tuesday, said the visit to Adani Group’s Khavda Renewal Energy Facility in Gujarat was a learning experience on how the company is helping India advance towards its zero-emissions goals.  The Adani Group is developing the world’s largest renewable energy project of 30,000 MW on barren land at Khavda in Kutch, Gujarat. Built across 538 sq km, it is five times the size of Paris and almost as large as Mumbai cit...
Adani Green`s innovative projects advancing India`s zero-emissions goals: US envoy Garcetti
Adani Green`s innovative projects advancing India`s zero-emissions goals: US envoy Garcetti
Source: IANS
2024-07-16 01:58:29 pm
Adani Group to provide 11 lakh saplings to Madhya Pradesh as part of sustainable future goal The Adani Group on Monday said it has joined hands with the Madhya Pradesh government to provide 11 lakh saplings -- out of 51 lakh trees to be planted in Indore -- in line with the Group's commitment to a sustainable future by planting and nurturing 100 million trees by FY30.   The initiative is part of the larger 'Ek Ped Maa Ke Naam' campaign initiated by Prime Minister Narendra Modi with a target to plant 1.4 billion trees nationwide. Madhya Pradesh Chief Minister Mo...
Adani Group to provide 11 lakh saplings to Madhya Pradesh as part of sustainable future goal
Adani Group to provide 11 lakh saplings to Madhya Pradesh as part of sustainable future goal
Source: IANS
2024-07-16 09:07:21 am