adani group – Page 44

Business

Adani Ports & SEZ acquires Karaikal Port for Rs 1,485 crores

April 3, 2023 Vinayak Barot

Ahmedabad, 3 April 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) pursuant to NCLT approval. Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. Karaikal Port is an all-weather […]

Business

Stepping on the gas to accelerate India’s e-mobility

April 1, 2023 Vinayak Barot

The electric mobility ecosystem is expanding in India. The government is taking steps to reduce the country’s reliance on fossil fuels and place electric vehicles (EVs) as the primary alternative to internal combustion engine (ICE) vehicles. If India must move towards electrification, it has to be consistent with a larger push towards overall sustainability. By […]

Business

Adani Debunks The Ken’s False Narrative on Repayment of Loans Against Shares

March 29, 2023 Vinayak Barot

Ahmedabad : The Adani Group strongly refutes the news report published by The Ken, a digital publication, which makes the baseless and deliberately mischievous claim that the Group has not completed repayment of USD 2.15 billion in share-backed debt. Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion […]

Business

Adani Ports Mundra clocks 40 vessel movements in a day

March 28, 2023 Vinayak Barot

Ahmedabad, 27 March 2023: Adani Ports Mundra, a bustling hub of maritime activity on India’s western coast, has accomplished a remarkable feat today. In a span of just 24 hours, the port managed to handle an overwhelming 40 vessel movements, setting a new record and exceeding their previous achievement of 39 vessel movements. This accomplishment […]

Business

Financial closure of green PVC project pending with financial institutions: Adani

March 21, 2023 Vinayak Barot

Ahmedabad, The financial closure of the Green PVC project of M/S Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration, Spokesperson, Adani Group said. Due to recent market developments, the management has decided to continue with the Engineering design and other activities including financial closure in […]

Business

Clarification with reference to certain news reports on our Green PVC project

March 20, 2023 Vinayak Barot

Ahmedabad, 20 March 2023, The financial closure of the Green PVC project of M/S Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration. Due to recent market developments, the management has decided to continue with the Engineering design and other activities including financial closure in an […]

Business

Safe Driving Saves Lives: Lending a helping hand to spread awareness about traffic rules

March 20, 2023 Vinayak Barot

In our country, pedestrians, drivers, or passengers become victims of avoidable vehicle accidents every day. With proper care, attention to traffic safety rules and awareness among people, such incidents can be prevented from occurring. With that goal in mind, Adani RMRW (Road, Metro, Railway, Water) business observed Road Safety Month from January 11 to February […]

Business

Adani Transmission Ltd is now Single-use Plastic Free

March 15, 2023 Vinayak Barot

Ahmedabad, 15 March 2023: Adani Transmission Limited (ATL), the largest private transmission and distribution company in India and part of the globally diversified Adani portfolio, has been recognized as ‘Single-use Plastic Free’. The Confederation of Indian Industry-ITC Centre of Excellence for Sustainable Development (CII-ITC CESD), which supports the business community towards achieving sustainability, has certified […]

Business

Over 50-ton plastic were collected for recycling by SVPI airport

March 13, 2023 Vinayak Barot

Ahmedabad, 13 March 2023: Joining with the nation’s mission to reduce the environmental impact, Sardar Vallabhbhai Patel International Airport collected over 50-ton plastic in the last year, added 16 Electric vehicles, and will soon start an additional EV charging station for airside operations. SVPI airport is witnessing an increase in passenger traffic numbers with every […]

Business

Adani fully prepays share backed promoter financing and increases equity in Ambuja Financing aggregating USD 2.65 bn

March 12, 2023 Vinayak Barot

In continuation of promoters’ commitment to repay the promoter leverage, Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion, well before committed timeline of 31 March 2023. In addition to above, promoters have also prepaid USD 500 million facility taken for Ambuja acquisition financing. This is in line […]