Business

Adani Green ranked first in Asia and among top 10 RE companies globally for ESG performance

June 15, 2023 Vinayak Barot

Ahmedabad, 15 June 2023: Adani Green Energy Limited (AGEL), India’s largest renewable power producer and the renewable energy arm of the diversified Adani portfolio, has been ranked First in Asia and among the top 10 companies globally in the renewable energy sector by ISS ESG.   AGEL has been placed in the ‘Prime’ (B+) band, […]

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Business

Adani Group, the emerging leader in ESG

June 7, 2023 Vinayak Barot

Adani Group, India’s largest critical infrastructure developer today released a compendium of its ESG FY23 performance. The compendium states how the portfolio of the companies are emerging as the leaders by setting higher standards in ESG across all its businesses. Adani portfolio of companies are committed to sustainable growth, capitalising on unprecedented opportunities. This growth […]

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Business

Adani Group completes $2.65 billion deleveraging program

June 5, 2023 Vinayak Barot

Adani Group India’s largest critical Infrastructure developer today released a credit update on its group portfolio (as attached). Strong fundamentals are reflected in strong credit ratio:  Net Debt to EBITDA (run rate) is now at 2.81x, (net debt to accounting EBITDA is at 3.27x). This is in the lowest quartile for a large infrastructure portfolio. […]

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Business

Adani Ports Revenue and EBITDA jumps over 20% in FY23, Record investments during the year to drive growth

May 30, 2023 Vinayak Barot

Ahmedabad, 30 May 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the fourth quarter and year ended 31 March 2023. (Amounts in Rs Cr) Particulars Q4 FY23 Q4 FY22 Y-o-Y Change FY23 FY22 Y-o-Y Change Cargo (MMT) 86.3 78.1 11% 339.2 312.4 9% Revenue 5,797 4,140 40% 20,852 17,119 […]

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Business

Ahmedabad Airport Achieves 5 million Safe Man-Hours During Rapid Refurbishment

May 30, 2023 Vinayak Barot

Ahmedabad, May 30, 2023: Sardar Vallabhbhai Patel International Airport is proud to announce that it has achieved 5 million safe man-hours without any Lost Time Injuries (LTI) since its inception. Despite undergoing extensive refurbishment work in the last couple of months, the airport has maintained its commitment to safety for passengers and employees. This remarkable […]

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Business

Adani Transmission Limited: Consolidated Results for FY23 and Q4FY23

May 29, 2023 Vinayak Barot

Ahmedabad, 29 May 2023: Adani Transmission Limited (“ATL”), the largest private transmission and distribution company in India and part of the globally diversified Adani portfolio, today announced its financial and operational performance for the quarter and year ended March 31, 2023. “The exceptional resilience of the Adani Group’s business model has once again been validated […]

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Business

#Humkarkedikhatehain Celebrates the Resilience, Determination and Indefatigable Spirit of the Adani Group

May 29, 2023 Vinayak Barot

Ahmedabad, 29 May 2023: The Adani Group, India’s largest and fastest-growing integrated infrastructure portfolio of companies, unveiled its new multi-media, multi-platform ad-campaign, ‘Hum Karke Dikhate Hain’. Developed by Ogilvy India, the “Hum mushkilo ki nahi sunte, karke dikhate hai” (Undeterred by challenges, we deliver on our commitments) campaign is a powerful testament to the Adani […]

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Business

AGEL’s Operational Wind Generation capacity crosses 1 GW with commissioning of 130 MW Wind Power Plant in Gujarat

May 26, 2023 Vinayak Barot

Ahmedabad, 26 May 2023: Adani Wind Energy Kutchh Five Limited (“AWEK5L”, formerly known as Adani Green Energy Five Limited), a subsidiary of Adani Green Energy Limited (“AGEL”) has commissioned 130 MW Wind Power Plant at Kutchh in Gujarat. The plant has a 25 year Power Purchase Agreement (“PPA”) of 130 MW with Solar Energy Corporation of […]

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Business

Supreme Court Committee Report: Alleged Contraventions & Regulatory Failure

May 19, 2023 Vinayak Barot

Supreme Court Committee Report – Highlights Key Findings of the Committee in Chapter IV Titled: Alleged Contraventions & Regulatory Failure A: Short Seller The Committee has confirmed that there has been short selling on Adani stocks and undue profiting by some entities based on the SEBI investigation. In short, the Report states that: SEBI has […]

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Business

Adani Ports raises the bar by handling highest-ever rail cargo of over 120 MMT in FY22-23

May 17, 2023 Vinayak Barot

Ahmedabad, 17 May 2023: Adani Ports and Special Economic Zone Limited (APSEZ), a flagship company of the Adani Group, has set a new benchmark by handling the highest-ever rail cargo of 120.51 MMT in the financial year 2022-23, surpassing the previous best of 98.61 MMT. APSEZ is committed to providing end-to-end logistics. Under the General […]

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