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Adani Family Completes Ambuja Warrant Subscription Infuses INR 20,000 Cr to increase stake to 70.3%

April 17, 2024 Vinayak Barot

Ahmedabad, 17 April 2024: Ambuja Cements Ltd (Ambuja), the cement and building materials flagship company under Adani portfolio, is pleased to announce a significant development in its growth trajectory. The promoters of the Company – Adani family has fully subscribed to the warrants program in the Company by further infusing INR 8,339 Cr thereby infusing total […]

Business

LIC sees 59 pc jump in value of investments in Adani stocks

April 15, 2024 Vinayak Barot

New Delhi, Apr 14 (PTI) LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report. The value of LIC’s investment in seven Adani group […]

Business

A copper boost for India’s export future

April 6, 2024 Vinayak Barot

From infrastructure development to power transmission, copper plays an important role in shaping growth trajectories of nations around the world, especially developing economies. The unique properties of the metal make it critical for electrical wiring, plumbing, telecommunications, and manufacturing of consumer electronics. As India strives to achieve carbon neutrality goals by 2070, the demand for […]

Business

SVPI Airport introduces Intelligent Cleaning Robots

April 2, 2024 Vinayak Barot

Ahmedabad, April 02, 2024: – Sardar Vallabhbhai Patel International Airport (SVPI) is soaring to new heights in passenger experience with the deployment of a fleet of intelligent cleaning robots – a first for the airport. These robots will ensure sparkling clean terminals, freeing up human staff for other tasks. Gone are the days of tedious […]

Business

Gautam Adani tells us what shines better than wealth – his granddaughter’s eyes

April 2, 2024 Vinayak Barot

New Delhi, No wealth can match the shine of these eyes, said Adani Group Founder and Chairman Gautam Adani, about his granddaughter. The billionaire said this in a post on X.com along with a picture of his 14-month-old granddaughter Kaveri. Kaveri is his youngest granddaughter and the third daughter of Paridhi and Karan Adani. “All the wealth of the world is […]

Business

APSEZ handles 420 MMT cargo globally, Domestic ports handle over 408 MMT

April 1, 2024 Vinayak Barot

Ahmedabad, 1 April, 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has handled 420 MMT (+24% Y-o-Y) cargo in FY24 (including international ports), with domestic ports contributing Over 408 MMT cargo. It has also handled its highest ever monthly cargo volumes (incl. international ports) of over 38 MMT […]

Business

APSEZ acquires Gopalpur Port in Odisha for INR 3,080 crore

March 26, 2024 Vinayak Barot

Ahmedabad, 26 March, 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to purchase the 56% stake of the SP Group and 39% of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). The acquisition is made at an enterprise value of INR […]

Business

Adani to invest USD 14 billion (~INR 1.2 lakh crore in FY25), 40% higher than FY24: Sources

March 18, 2024 Vinayak Barot

• USD 14 billion investment in FY25, 40% higher year-on-year • More than 70% will be towards green energy • Most of the remaining will go into fast growing Airports and Ports businesses • These investments will set the stage for exponential profit growth • In December quarter, Adani’s portfolio reported record EBITDA growth of […]

Business

Prolonged sitting can cause serious health damage, important health tips for office workers

March 16, 2024 Vinayak Barot

Ahmedabad, 16 March 2024: Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani Portfolio, has been conferred with Indian Industry body CII’s coveted Climate Action Programme ‘CAP 2.0 Award’ for 2023 in the ‘Resilient category’. The ‘Resilient category’ recognizes the company’s significant strides in resilience […]

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Business

Adani Green Energy completes operationalization of 300 MW wind power project in Gujarat

March 14, 2024 Vinayak Barot

Ahmedabad, 14 March 2024: Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has operationalized 126 MW wind power capacity in Gujarat. This marks the completion of the 300 MW of project, with 174 MW being operationalized earlier. The 300 MW wind project will produce ~1,091 million […]