Business

Adani Green delivers cash backed redemption plan for USD 750 million Holdco bond

January 29, 2024 Vinayak Barot

Ahmedabad, 29 January 2024: Adani Green Energy Limited (AGEL) has completed the funding for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes) with the receipt of the funds under the preferential allotment of INR 9,350 Cr (USD 1,125 million) to the promoters of AGEL The shareholders of AGEL, approved the preferential […]

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Business

ACC reports robust quarterly performance, Q3 operating EBITDA up 139% at Rs. 905 cr

January 25, 2024 Vinayak Barot

Ahmedabad, 25 January, 2024:  ACC Limited, the most trusted legacy brand and one of India’s largest cement and building materials company of the diversified Adani Group, today announced robust Q3 FY’24 financial results on the back of a sharp growth in volume and improvement of important KPIs.  Mr. Ajay Kapur, Whole Time Director & CEO, […]

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Business

Was Hindenburg Report The Biggest Con Played on Indian Investors?

January 24, 2024 Vinayak Barot

“I am basically there to make money, I cannot and do not look at the social consequences of what I do,” -George Soros |in 2008, speaking about his role in financial collapse of Thailand, Malaysia, Indonesia, Japan and Russia Exactly a year ago, a seismic shock rocked the Indian stock market as US based short-seller […]

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Business

Adani Electricity And Adani Ports Outlook Revised To Stable From Negative; Ratings Affirmed

January 22, 2024 Vinayak Barot

S&P has affirmed the ratings of Adani Ports and Special Economic Zone Ltd. and Adani Electricity Mumbai Ltd., while revising its outlook to ‘Stable’ from ‘Negative’, due to strong business fundamentals and robust cash flows. The global rating agency said that the conclusion of most regulatory investigations into the Adani Group without evidence of wrongdoing […]

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Business

Government of Maharashtra signs MoU with Adani Group to set up hyperscale data center infrastructure on investment of Rs 50,000 crore

January 17, 2024 Vinayak Barot

Davos, 17 January 2024: Adani Enterprises Limited, the flagship company of the Adani Group, one of the world’s largest infrastructure conglomerates, and the Government of Maharashtra today signed a memorandum of understanding (MoU) to set up 1 GW hyperscale data infrastructure in the state at an investment of Rs 50,000 crore, over the next 10 […]

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Business

Govt of Telangana Signs 4 MoUs with the Adani Portfolio of Companies for over Rs 12,400 cr at WEF, Davos

January 17, 2024 Vinayak Barot

Davos, 17 January 2024: The Adani portfolio of companies, one of the world’s largest infrastructure conglomerates, and the Government of Telangana today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024. These were signed in the presence of the Chief Minister of Telangana, Mr. Revanth […]

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Business

Dharavikars to get highest carpet area than any SRA project in Mumbai

January 16, 2024 Vinayak Barot

Mumbai : Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the Adani Group and the Government of Maharashtra, today announced that eligible residential tenements in Dharavi will get flats with independent kitchens and toilets measuring a minimum 350 square feet (sq ft), which is a whopping 17% more and the highest among slum […]

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Business

Since 2014, India’s GDP has grown by 185%, and per capita income by a stunning 165% : Gautam Adani

January 10, 2024 Vinayak Barot

Ahmedabad: Prime Minister Narendra Modi inaugurated the Vibrant Gujarat Global Summit. On this occasion, the country’s top industrialist Gautam Adani said, Honourable Prime Minister Shri Narendrabhai Modi, His Royal Highness Sheikh Mohamed bin Zayed al Nahyan, Distinguished Heads of Government of partner countries Honourable Chief Minister Shri Bhupendrabhai Patel, Distinguished ministers, Captains of industry, And […]

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Business

Adani Group to invest over Rs 42,700 cr in Tamil Nadu

January 9, 2024 Vinayak Barot

Chennai, 8 January, 2024: Ports-to-power conglomerate Adani Group on Monday signed memorandums of understanding (MoU) for investment of over Rs 42,700 crore at the Tamil Nadu Global Investors Meet 2024. The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects (PSP) in the next 5-7 […]

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Business

Adani Green delivers cash backed redemption plan for USD 750 million Holdco bond

January 8, 2024 Vinayak Barot

Ahmedabad, 08 January 2024: Adani Green Energy Limited (AGEL) today announced the redemption plan for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes). The outstanding amounts of the Holdco Notes shall be fully secured through cash balances set aside as part of various reserve accounts securing the Holdco Notes, eight months […]

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