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Dharavi redevelopment plan gets shot in the arm as resident body supports govt survey

August 4, 2024 Vinayak Barot

MUMBAI: In a shot in the arm for redevelopment of Asia’s biggest slum, a newly formed association of residents of Dharavi and its vicinity has lent its support to ongoing state government-led survey of informal tenements, a precursor to the USD 3-billion project by the Adani group that promises to transform lives of an estimated […]

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Business

Ambuja Cements announces Rs. 1600 Cr investment to set up 6 MTPA Cement Grinding Unit in Bihar

August 3, 2024 Vinayak Barot

Patna, 3 August 2024: Ambuja Cements Limited, part of the diversified Adani Portfolio, announces its first venture in Bihar, marking the largest investment in the state by a cement industry player. The Warisaliganj Cement Grinding Unit, a standalone facility with an overall capacity of 6 MTPA, will be established at an investment of nearly ₹ […]

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Business

Druckenmiller bets on Adani; Adani Energy’s $1-bn QIP subscribed 6x with Rs 50k cr demand

August 1, 2024 Vinayak Barot

New Delhi : Billionaire Stanley Druckenmiller’s family office-led investment firms have made their maiden bet on Adani group, seeking shares of the conglomerate’s power transmission unit in an institutional sale that was oversubscribed six-times and fetching demand of over Rs 50,000 crore against an issue size of USD 1 billion. Duquesne Family Office and two […]

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Business

Adani Enterprises Ltd announces Consolidated Results for the quarter ending June 30, 2024

August 1, 2024 Vinayak Barot

Ahmedabad, August 1, 2024: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter ended June 30, 2024 The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are consistently making significant strides in their operational performance. The contribution of these businesses to the overall […]

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Business

APSEZ kicks off FY25 with a strong 47% PAT growth in Q1

August 1, 2024 Vinayak Barot

Ahmedabad, 1 August 2024: Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter ending 30 June, 2024.   # Proforma 114.7 MMT cargo, a 13% increase in volume assuming 5.7 MMT loss in Gangavaram port, now fully restored. “FY25 has begun on a strong note for us with stellar […]

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Business

Adani Power announces Q1 FY25 results

July 31, 2024 Vinayak Barot

Ahmedabad, July 31st, 2024: Adani Power Ltd. [“APL”], a part of Adani portfolio companies, today announced the financial results for the first quarter ended 30th June 2024. Mr. S B Khyalia, CEO, Adani Power Limited, said, “As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for […]

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Business

The Adani Group contributed Rs 5 crore to the Kerala Chief Minister’s Disaster Relief Fund

July 31, 2024 Vinayak Barot

Adani Group Chairman Gautam Adani tweeted, Deeply saddened by the tragic loss of life in Wayanad. My heart goes out to the affected families. The Adani Group stands in solidarity with Kerala during this difficult time. We humbly extend our support with a contribution of Rs 5 Cr to the Kerala Chief Minister’s Distress Relief […]

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Business

Ambuja Cements achieves sustainable performance in Q1 FY’25

July 31, 2024 Vinayak Barot

Ahmedabad, 31 July 2024: Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, has announced sustainable results for Q1 FY’25, supported by cost leadership, improved efficiencies and growth. Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements, said, “We have delivered another sustainable performance and our focus on innovation, digitisation, customer […]

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Business

Adani wilmar: Strong performance on profits with highest-ever PAT of INR 313 crores for Q1’25, a growth of 500%

July 29, 2024 Vinayak Barot

The Company continues to demonstrate strong sales performance, delivering substantial volume growth in both edible oils and foods businesses during the quarter. The Company achieved revenue of INR 14,169 crores in Q1’25, driven by 12% YoY volume growth. Both Edible oils and Food & FMCG segments delivered strong double-digit volume growth, of 12% YoY and […]

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Business

Our visit will boost ties of friendship between Bhutan and Bharat: Bhutanese PM

July 24, 2024 Vinayak Barot

Ahmedabad, Bhutanese Prime Minister Tshering Tobgay, who along with his King Jigme Khesar Namgyel Wangchuck wrapped up their three-day visit to Gujarat on Wednesday, said the trip would strengthen the ties of friendship between Bhutan and Bharat”. In the last leg of their programme in the state, the King and PM of the neighbouring nation […]

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