Business

Adani Ports secures top position for its climate actions and environmental performance

February 12, 2024 Vinayak Barot

Ahmedabad, 11 February 2024: Adani Ports and Special Economic Zone Ltd (APSEZ) has secured top position for its climate actions and environmental performance in assessments done by four global rating agencies. The CDP  assigned leadership band “A-“ to APSEZ, recognising the company’s efforts in implementing the current best practices to tackle climate change risks and […]

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Business

Billionaire Adani Secures Ore for $1.2 Billion Copper Smelter

February 9, 2024 Vinayak Barot

Indian billionaire Gautam Adani’s conglomerate has signed contracts to buy 1.6 million tons a year of copper concentrate for the world’s largest single-location smelter for the industrial metal. The first 500,000 tons of capacity at the $1.2 billion facility in Mundra in the western state of Gujarat is set to start operations next month, according […]

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Business

Australia’s former PN Malcolm Turnbull’s commitment to energy equity and balanced environmental management is truly inspiring: Gautam Adani

February 6, 2024 Vinayak Barot

Adani Group Chairman Gautam Adani posted on social media and said, It was a privilege to welcome Hon Mr Malcolm Turnbull, former Prime Minister of Australia, and Ms Lucy Turnbull. Delighted that he made time to visit Khavda, where the Adani Group is building the world’s largest 30 GW Hybrid Renewables Park, spanning 750 square […]

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Business

Adani’s USD 1.2 bn copper plant to boost India’s metal production

February 5, 2024 Vinayak Barot

New Delhi, Feb 4, Billionaire Gautam Adani-led group is building the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition, sources said. The USD 1.2-billion facility will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by […]

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Business

Adani Electricity Shines in National Consumer Service Ratings! Ranked No 1 amongst Mumbai Discoms

February 2, 2024 Vinayak Barot

Adani Electricity, the largest power distributor in Mumbai, has once again garnered an impressive ‘A’ rating in the Consumer Service Ratings for 2023, released by the Ministry of Power, Government of India. Standing tall among 62 Discoms across India, the achievement showcases Adani Electricity’s commitment to providing Reliable, Sustainable, and Customer-centric power services at competitive Tariffs. […]

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Business

Adani Enterprises Ltd announces Q3 and 9M FY24 Results, Consolidated EBIDTA for 9M FY24 increased by 58% to Rs. 9,592 cr

February 1, 2024 Vinayak Barot

Ahmedabad, February 1, 2024: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and nine months ended December 31, 2023. The emerging core infra businesses under the incubation pipeline of AEL have shown strong operational performance and consistently reflected significant contribution to the growth journey during the last 9 […]

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Defence

APSEZ Q3 FY24 PAT jumps 65% Y-o-Y, EBITDA grows 59% to Rs 4,293 Cr & Leverage at 2.5x Net Debt to EBITDA

February 1, 2024 Vinayak Barot

Ahmedabad, 1 February 2024: Adani Ports and Special Economic Zone Ltd (“APSEZ”) today announced its results for the quarter and nine months ending 31 December, 2023.  Particulars (Rs Cr) Q3 FY24 Q3 FY23 Y-o-Y Change 9M FY24 9M FY23 Y-o-Y Change Cargo (MMT) 108.6 75.4 44% 311.2 252.9 23% Revenue 6,920 4,786 45% 19,814 15,055 […]

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Business

Adani Wilmar Limited (AWL) records a strong 13% volume growth in 9M FY24, with broad based growth across all segments

January 31, 2024 Vinayak Barot

Ahmedabad, Adani Wilmar Limited (AWL) records a strong 13% volume growth in 9M FY24, with broad based growth across all segments. The Company’s growth trajectory remained steady with a volume growth of 5% YoY in Q3’24 and 13% YoY in 9M FY’24. Consumer demand in packaged staple foods stayed strong during the festive season of  […]

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Business

Ambuja Cements delivers stellar Q3 FY24 results, Q3 operating EBITDA up 70% at Rs. 1,732 cr

January 31, 2024 Vinayak Barot

Ahmedabad, 31 January, 2024: Ambuja Cements, the cement and building materials flagship company of the diversified Adani Group, today announced robust financial results for Q3 FY’24, supported by continued operational excellence, business synergies, and cost leadership. Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements Limited, said, “Our performance is a reflection of our resilience […]

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Business

Adani Total Gas Q3 & 9MFY24 Results, Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y

January 30, 2024 Vinayak Barot

Ahmedabad, 30th January 2024: Adani Total Gas Ltd (“ATGL”),India’s leading City Gas Distribution company, announced today its operational and financial performance for the nine-month ended and quarter ended 31st December 2023. “With expansion of CGD infrastructure, together with ceasing opportunity in the areas of e-mobility, biomass and LNG for Transport & Mining (LTM), ATGL has […]

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