Business

Adani Total Gas 9M FY23 Results, Volume increased by 10%

February 9, 2023 Vinayak Barot

Ahmedabad, 9 February 2023: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the nine months and quarter ended 31st December 2022. “During the quarter, ATGL has delivered a good performance with its calibrated approach despite the high input gas price scenario. While gas sector […]

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Business

Adani Power announces Q3 FY23 results, Q3 FY23 EBITDA at Rs. 1,996 crore

February 8, 2023 Vinayak Barot

Ahmedabad, February 8th, 2023: Adani Power Ltd. [“APL”], a part of Adani Group, today announced the financial results for the third quarter and nine months ended 31st December 2022. Financial Performance Consolidated Total Income for Q3 FY 2022-23 stood 48% higher at Rs. 8,290 crore as compared to Rs. 5,594 crore in Q3 FY 2021-22, aided by higher […]

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Business

Ambuja Cements records substantial jump in sequential EBITDA by 161% at Rs. 1,138 Cr

February 7, 2023 Vinayak Barot

Ahmedabad, 7th February 2023: Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, today announced the financial results for the quarter ended December 31, 2022.  The Company has embarked on a transformation journey this quarter which has resulted in sizeable operational efficiencies.  Additionally, synergies with the […]

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Business

Adani Green Energy Ltd announces 9M FY23 Results, Robust growth in revenues, EBITDA and Cash Profit

February 7, 2023 Vinayak Barot

Ahmedabad, 7 February 2023: Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the third quarter and nine months ended 31 December 2022. The performance snapshot for the period is as follows: Operational Performance – Q3 & 9M FY23: Particulars Quarterly performance Nine month performance […]

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Business

APSEZ 9M EBITDA grows by 19%, Port EBITDA at 70% & Logistics EBITDA at 29%

February 7, 2023 Vinayak Barot

Ahmedabad, 7 February 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the third quarter and nine months ended 31 December 2022. (Amounts in Rs Cr) Particulars Q3 FY23 Q3 FY22 Y-o-Y Change 9M FY23 9M FY22 Y-o-Y Change Cargo (MMT) 75.4 74.4 1% 252.9 234.3 8% Revenue 4,786 4,072 […]

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Business

ATL continues to deliver on its robust ESG pursuit and improves its business performance with a 73% increase in PAT

February 6, 2023 Vinayak Barot

Ahmedabad, 6 February 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 ended December 31, 2022. Mr. Anil Sardana, MD, Adani Transmission Ltd., said, “ATL is constantly evolving and is already a […]

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Business

Statement On Pledge of Adani Listed Companies

February 6, 2023 Vinayak Barot

Ahmedabad: In light of recent market volatility and in continuation of hte prmoter’s commeitment to reduce the overall promoter leverage backed by Adani Listed Company shares, we are pleased to inform that promoters have posted the amounts to prepay USD1,114 million ahead of its maturity of Sep 2024. With the repayment of such amount, the […]

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Business

Bank of Baroda will continueg iving loans to Adani: CEO Sanjiv Chadha

February 4, 2023 Vinayak Barot

Bank of Baroda MD and CEO Sanjiv Chadha said Friday thatt he bank will continue to lend to the Adani group if the groupa ccount meets the lender’s underwriting criteria. “For us, any lending decision is based upon, again, thea ssessment of risk and the return on that particular exposure. I don’t think we will […]

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Business

Statement On Misleading News on Pledge of Shares of Ambuja Cement Ltd and ACC Ltd

February 2, 2023 Vinayak Barot

Ahmedabad,  We have come across reports from various market sources with respect to Ambuja and our subsidiary ACC Ltd (ACC) claiming that shares of both Ambuja and ACC are pledged by Promoters as a part of the acquisition financing. Consequently, there are market rumors that amid market volatility, there is a requirement to meet the […]

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Business

Once the market stabilizes, we will review our capital market strategy: Gautam Adani

February 2, 2023 Vinayak Barot

Ahmedabad: Adani Group Chairman Gautam Adani said, After a fully subscribed FPO, yesterday’s decision of its withdrawal would have surprised many. But considering the volatility of the market seen yesterday, the board strongly felt that it would not be morally correct to proceed with the FPO. In my humble journey of over 4 decades as an […]

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