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Torrent Power QIP oversubscribed 4x against issue size of Rs 3,500 Crores

Ahmedabad : Torrent Power Limited (“Company”), one of India’s leading private sector integrated power utilities, announced successful completion of its Rs 3,500 Crores (approx. USD 413.20 million) Qualified Institutions Placement (“QIP”). The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in the Company’s fundamentals […]

‘Adani Group Looks Most Attractive Among India Corporates, No Signs Of Stress’: Nomura

New Delhi: Japanese brokerage Nomura has said Adani Group companies appear “most attractive” among Indian corporates. In a report this week, Nomura said the ports-to-power conglomerate will be able to withstand recent turmoil brought on by allegations by the US Department of Justice. It also said there were “no signs of stress” across the Adani […]

Adani Group plans to invest over Rs 7.5 lakh crore across various sectors of the state’s economy: Karan Adani

Speaking at the Rising Rajasthan Global Investment Summit 2024 in Jaipur on 9 December 2024, Mr. Karan Adani said, Honourable Prime Minister of Bharat- Shri Narendra Modi Ji, His excellency Governor of Rajasthan, Honourable Chief Minister- Shri Bhajan Lal Sharma, Distinguished Ministers, Captains of industry, And my dear friends, It is a privilege to be […]

JP Morgan “Overweight’ on Four Adani Bonds”, “The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort”

JP Morgan has given ‘Overweight’ on four Adani group bonds—three issued by Adani Ports & SEZ, and one by Adani Electricity Mumbai limited —Subsidiary of Adani Energy Solutions. It has taken neutral stand on other five Adani bonds and is underweight on only one bond—issued by AGEL. Under the risks section, it further added, that […]

Adani Group Gets Bernstein’s Vote — ‘Operational Metrics Better Post Short-Seller Attack’

The operational risks in Adani Group have reduced over the years, with a fall in share pledges, and improving leverage among others, according to Bernstein Research. The key concern during the short-seller Hindenburg Research’s allegations was share pledge, which has seen a “dramatic drop” across companies, Bernstein said in a note on Dec. 2. “This […]

Ambuja Cements moves closer to NET ZERO

Ahmedabad, Ambuja Cements, the cement and building material  company of the diversified Adani Portfolio, further advances towards its Net Zero goals by  leveraging zero-carbon heating technology to decarbonise its cement manufacturing  process. The Company has entered into a strategic partnership with Finland-based  technology and engineering company ‘Coolbrook’. Ambuja will implement Coolbrook’s  proprietary RotoDynamic Heater™ (RDH™) […]

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to […]
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