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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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 […]

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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 […]

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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) […]

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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 […]

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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 […]

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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 […]

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