English

The Adani Group is also going to develop a state-of-the-art propellant production facility at Shivpuri: Mr Karan Adani

August 28, 2024 Vinayak Barot

In the Regional Industrial Conclave organized in Gwalior, Madhya Pradesh, Karan Adani, Chief Executive Officer of Adani Port and Special Economic Zone Ltd said, Honourable Chief Minister, Shri Mohan Yadav ji, Honourable Union Minister for Communications and Development of North East region Shri Jyotiraditya Scindia ji, Member of the Madhya Pradesh Legislative Assembly and Former Union Minister […]

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Business

Adani to sell 3% in Ambuja Cement for $500 mn as part of holdings adjustment in group

August 22, 2024 Vinayak Barot

New Delhi, Aug 22, Adani group promoters may sell up to 3 per cent of their shares in Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate at desired levels, sources said. Promoters will sell about 7 crore shares, or 2.84 per cent, in the […]

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Business

Adani group EBITDA surges 33% in Q1, leverage at multi-year low

August 19, 2024 Vinayak Barot

New Delhi : Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in […]

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Business

Adani Green Energy Ltd – 30%-40% CAGR story, available at attractive valuations – EMKAY

August 12, 2024 Vinayak Barot

Emkay has come out with an initiating coverage on Adani Green Energy Ltd, with a target price of Rs 2550—50% upside. Revenues CAGR of 35% from FY24-FY30 – Gujarat (Khavda) and Rajasthan sites (most resource-rich sites globally) will help AGEL grow its revenues at 35% CAGR, giving a clear runway of another 50 GW, plus […]

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Business

The latest allegations by Hindenburg are a malicious, mischievous and manipulative selection of publicly available information: Adani Group

August 11, 2024 Vinayak Barot

Adani Group spokesperson said, The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law. We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, […]

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Business

AESL Raises USD 1 Billion via QIP Route, Largest in India’s Power Sector

August 5, 2024 Vinayak Barot

Ahmedabad, 5 August 2024: Adani Energy Solutions Limited (“AESL”), today said it has successfully completed its INR 8,373 crores (USD 1 billion) Qualified Institutional Placement (“QIP”), the largest in India’s power sector. This milestone underscores AESL’s prominent position as a leader in India’s energy transition solutions and highlights investors’ confidence in the country’s power sector […]

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English

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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