Business

Gauttam Adani wishes Pragyanandha

June 2, 2024 Vinayak Barot

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Gautam Adani, chairman of the Adani group, posted on social media that, Incredible Praggnanandhaa! Beating both World No.1 Magnus Carlsen and No.2 Fabiano Caruana in classical chess at #NorwayChess is mindblowing. You’re on a roll and still just 18! Keep the tricolour flying high. https://x.com/gautam_adani/status/1797118839823441974

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Adani Ports signs 30-year concession to operate Container Terminal 2 at Dar es Salaam Port

May 31, 2024 Vinayak Barot

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Ahmedabad/Abu Dhabi, 31 May, 2024: Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. Dar es Salaam Port is […]

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Business

Adani Group back on expansion spree after robust growth, eyes $90 billion capex: Jefferies

May 31, 2024 Vinayak Barot

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NEW DELHI: The Adani Group saw an impressive 40 per cent EBITDA growth (year-on-year) in the financial year 2023-2024 (FY24), after its market capitalisation was hit by a short-seller report in late FY23, a Jefferies report has shown. During FY24, the Adani Group’s EBITDA grew to Rs 660 billion, with more than doubling of Adani Power’s […]

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Meeting between Japanese Ambassador Hiroshi Suzuki and Adani Group Chairman Gautam Adani

May 29, 2024 Vinayak Barot

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Adani Group Chairman Gautam Adani tweeted, Had a very engaging discussion with Amb Hiroshi Suzuki of Japan. We are grateful for his visit to our Mundra Port and to Khavda where we are building the world’s largest Hybrid Renewable Energy Park of 30 GW capacity. The Ambassador’s appreciation for India’s culture, the value he places […]

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Green energy will help fight pollution and create jobs in India

May 24, 2024 Vinayak Barot

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New Delhi: India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency – Renewable capacity statistics 2023. The recent government initiatives have played a major role in this. As of November 2023, the […]

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Adani Group stocks rally; Adani Enterprises jumps 8 pc

May 22, 2024 Vinayak Barot

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New Delhi, May 23 (PTI) Shares of Adani Group companies continued to remain in the limelight on Thursday, with the flagship Adani Enterprises rallying 8 per cent, amid reports of likely inclusion in the 30-share BSE Sensex. The stock of Adani Enterprises jumped 8.01 per cent to Rs 3,391.20 apiece on the BSE. The BSE […]

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Adani group mcap regains USD 200 bn-mark as company rebuts coal invoicing allegations

May 22, 2024 Vinayak Barot

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Mumbai, May 22, Adani Group’s market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained […]

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Adani Ports Mundra Enhances Global Connectivity with ONE

May 15, 2024 Vinayak Barot

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Today, Adani Mundra Port handled the inaugural vessel call of the WIN service of Ocean Network Express (ONE) line. This new service aims to enhance the connectivity of Adani Ports Mundra and Hazira catering North West India to North America, promising weekly connections and efficient commercial operations. This service connects Mundra to New York, Norfolk, […]

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Adani Green Secures USD 400 million from international banks for 750 MW power projects

May 2, 2024 Vinayak Barot

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Ahmedabad, 2 May 2024: Adani Green Energy Ltd (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, today announced USD 400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. It will provide financing for projects that are expected […]

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Business

Adani Enterprises Ltd announces Q4 and FY24 Results

May 2, 2024 Vinayak Barot

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Ahmedabad, May 2, 2024: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and year ended March 31, 2024. The emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are making significant strides in their operational performance. The contribution of these businesses to the overall EBIDTA […]

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