Business

Karan Adani is the new MD of APSEZ

January 3, 2024 Vinayak Barot

Ahmedabad, 3 Jan 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group. Mr Gautam Adani is re-designated as ‘Executive Chairman’ of APSEZ, one […]

Read more

Business

Without verification, newspaper reports can’t be relied upon as proof, says Supreme Court

January 3, 2024 Vinayak Barot

New Delhi, 3 January, 2024: The Supreme Court on Wednesday declined to order a probe by a Special Investigation Team (SIT) into allegations levelled against the Adani Group, refusing to take cognizance of the reports published by Hindenburg Research and the Organized Crime and Corruption Reporting Project (OCCRP). A three-judge bench, led by Chief Justice […]

Read more

Business

Adani Total Gas, Shigan sign MoU for collaboration in decarbonization

January 3, 2024 Vinayak Barot

Ahmedabad, 3 January 2024 – In a move towards sustainability and environmental responsibility, Adani Total Gas Limited (ATGL), India’s leading energy and city gas distribution company, and Shigan Quantum Technologies Limited (Shigan), an alternative fuel system solutions provider for automotive, locomotive and stationary engine applications, today announced the signing of a Memorandum of Understanding (MoU) […]

Read more

Business

APSEZ’s cargo volumes jump 42% YoY in Dec 2023

January 2, 2024 Vinayak Barot

Ahmedabad, 2 January 2024: In December 2023, Adani Ports and Special Economic Zone Ltd (APSEZ) handled 35.65 MMT of cargo volumes, resulting in a strong 42% year-on-year (YoY) increase. Dry bulk cargo handling was up 63% while handling of containers increased by over 28% on a YoY basis. For the quarter ended December, APSEZ handled […]

Read more

English

Adani Energy Solutions Bags Prestigious Global Sustainability Leadership Award 2023

January 1, 2024 Vinayak Barot

Ahmedabad, 1 January 2024: Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, was honoured with the ‘Global Sustainability Leadership Award 2023’ under the ‘Best Overall Sustainable Performance’ category by the World Sustainability Congress at Mauritius. The award recognised AESL’s commitment to sustainable practices […]

Read more

Business

Adani Energy Solutions forms JV with IHC-backed Esyasoft to expedite rollout of smart meters

December 27, 2023 Vinayak Barot

Ahmedabad, 27 December 2023: Adani Energy Solutions Limited (AESL), India’s leading private transmission and distribution company and a part of the globally diversified Adani portfolio, today said it has taken a significant step in strengthening its smart metering business by forming a 49:51 JV with UAE-based Esyasoft Holdings for implementing smart metering projects in India […]

Read more

Business

Adani Energy Solutions to build 7 GW renewable energy evacuation transmission network

December 27, 2023 Vinayak Barot

Ahmedabad, 27 December, 2023: Adani Energy Solutions Limited (AESL), a part of the globally diversified Adani portfolio and India’s largest private transmission and distribution company today said it has received the letter of Intent (LoI) for the acquisition of Halvad Transmission Ltd. from PFC Consulting Limited (PFCCL). Halvad Transmission Ltd., a special purpose vehicle (SPV), […]

Read more

Business

Adani Green completes JV with TotalEnergies, raises USD 300 million

December 27, 2023 Vinayak Barot

Ahmedabad, 27 December 2023: Adani Green Energy Limited (AGEL) today announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50% stake in the projects. This follows the binding agreement about the JV announced between AGEL and TotalEnergies […]

Read more

Business

Promoters to Invest INR 9,350 crore equity in Adani Green

December 26, 2023 Vinayak Barot

Ahmedabad, 26 December 2023: Adani Green Energy Ltd (“AGEL”), India’s largest and the world’s leading renewable energy developer, announced that the Board of Directors of AGEL have approved a preferential issuance of warrants to the Promoters of AGEL for a quantum of INR 9,350 crore (equivalent to USD 1,125 million) at a per share price […]

Read more

English

Year of records and many new at Sardar Vallabhbhai Patel International Airport

December 26, 2023 Vinayak Barot

Ahmedabad, December 26, 2023: –Passengers and Ahmedabad city’s pride, Sardar Vallabhbhai Patel International Airport has remained in focus nationally and internationally for many reasons for making several additions and records set. Recently most was the highest number of passengers travelling through Ahmedabad airport. Passenger Traffic During the Cricket World Cup final matches, for three consecutive […]

Read more