Business

GQG, other investors invest $1.1 bln for 8.1 pc stake in Adani Power

August 16, 2023 Vinayak Barot

New Delhi, Aug 16, US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore (USD 1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani’s group. GQG […]

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Business

Adani Ports and Special Economic Zone Ltd : Record quarterly cargo, revenue and EBITDA

August 8, 2023 Vinayak Barot

Ahmedabad, 8 August 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the first quarter ended 30 June 2023. # EBITDA includes the impact of forex mark-to-market gain or loss. In Q1 FY24, forex gain is Rs 10.93 Cr and in Q1 FY23, forex loss is Rs 1201.14 Cr. APSEZ […]

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Business

Adani paves way for Brighter and Greener Mumbai, attains financial closure for its USD 1 Billion Green HVDC Transmission Link

August 7, 2023 Vinayak Barot

Ahmedabad, 7 August 2023: Adani Energy Solutions Limited (AESL), India’s largest private utility providing end-to-end energy solutions, has announced successful financial closure for its USD 1 Billion Green HVDC link project, which will enable further ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand. The […]

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Business

Aviation Security Culture Week Celebration at Sardar Vallabhbhai Patel International Airport

August 5, 2023 Vinayak Barot

Ahmedabad, August 05, 2023: Sardar Vallabhbhai Patel International Airport successfully celebrated Aviation Security Culture Week from July 31st to August 5, in association with the Bureau of Civil Aviation Security (BCAS). All the agencies and stakeholders working at SVPI airport participated in the week-long celebration by participating in and conducting multiple security awareness activities. Throughout […]

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Business

Adani Power announces Q1 FY24 results, Revenue at Rs. 18,109 Crore, up 16.8% y-o-y

August 3, 2023 Vinayak Barot

Ahmedabad, August 3rd, 2023: Adani Power Ltd. [“APL”], a part of Adani Group, today announced the financial results for the quarter ended 30th June 2023.  Operating Performance During the quarter ended 30th June 2023, APL achieved an average consolidated Plant Load Factor [“PLF”] of 60.1% and sales of 17.5 Billion Units [“BU”] on an installed […]

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Business

Adani Enterprises Ltd Q1 FY24 Results, Consolidated EBIDTA increased by 47% to Rs. 2,896 cr

August 3, 2023 Vinayak Barot

Ahmedabad, August 3, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter ended June 30, 2023 “Every quarter, year after year and across three decades, Adani Enterprises has consistently proven its reputation not only as India’s most successful business incubator but also as a global powerhouse in […]

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Business

Ambuja Cements will acquire 56.74% shares of Sanghi Industries from its existing promoter group, Mr Ravi Sanghi & family

August 3, 2023 Vinayak Barot

I am pleased to announce that the Board of Directors of Ambuja Cements have approved the acquisition of Sanghi Industries Ltd  at an Enterprise Value of Rs 5,000 Cr. As Karan Adani said about the acquisition of Sanghi Cement. He further said, Ambuja Cements will acquire 56.74% shares of Sanghi Industries from its existing promoter […]

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Business

Adani Wilmar Limited (AWL) records 25% volume growth in Q1 ‘24, with broad-based growth across all segments

August 2, 2023 Vinayak Barot

The Company delivered another strong quarter with 25% YoY volume growth, capturing the robust  consumer demand. The sale of branded products in both edible oils and foods has been much stronger  compared to overall sales of respective segments. While the volume growth was strong at 25% YoY, the  sales value declined by 12% on YoY […]

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Business

Ambuja Cements delivers another robust quarter led by business excellence with YoY jump of 55% in consolidated EBITDA

August 2, 2023 Vinayak Barot

Ahmedabad, August 2nd, 2023: Ambuja Cements, the cement and building material company of the diversified Adani Group, today announced the financial results for the quarter ended June 30, 2023. The Company has showcased a growth quarter on quarter, reinforcing strength beyond the product, led by business excellence in operations, cost efficiencies and business synergies. Operational […]

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Business

Adani Total Gas Q1FY24 Results: CNG stations increased to 467, PNG consumers increased to 7.35 lakhs

August 1, 2023 Vinayak Barot

Ahmedabad, 1 August 2023: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the quarter ended 30th June 2023.  “In the beginning of the quarter effective April 2023, CGD industry saw key support from Government of India notifying the stability of APM prices with floor […]

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