Business

Adani group EBITDA surges 33% in Q1, leverage at multi-year low

August 19, 2024 Vinayak Barot

New Delhi : Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in […]

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FSC Mauritius says fund at heart of Hindenburg allegations against Sebi chief not domiciled in Mauritius

August 14, 2024 Vinayak Barot

New Delhi,‎ Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance […]

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Business

Adani Green Energy Ltd – 30%-40% CAGR story, available at attractive valuations – EMKAY

August 12, 2024 Vinayak Barot

Emkay has come out with an initiating coverage on Adani Green Energy Ltd, with a target price of Rs 2550—50% upside. Revenues CAGR of 35% from FY24-FY30 – Gujarat (Khavda) and Rajasthan sites (most resource-rich sites globally) will help AGEL grow its revenues at 35% CAGR, giving a clear runway of another 50 GW, plus […]

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Business

APSEZ shines in World Bank’s global container port rankings

June 19, 2024 Vinayak Barot

Ahmedabad, 19 June, 2024: Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest port developer-cum-operator, has again demonstrated its excellence on the global stage with four of its ports featured in the prestigious Container Port Performance (CPP) Index 2023. While Mundra port was ranked 27, Kattupalli came in at number 57, Hazira at 68 […]

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Business

Signed an MoU with DGPC for a 570 MW green hydro plant in Chukha province: Gautam Adani

June 17, 2024 Vinayak Barot

Adani Group Chairman Gautam Adani posted on social media and said, Absolutely fascinating meeting with Dasho Tshering Tobgay, Hon. Prime Minister of Bhutan. Signed an MoU with DGPC for a 570 MW green hydro plant in Chukha province. Admirable to see @pmo_bhutan advancing the vision of His Majesty The King and pursuing broad ranging infrastructure initiatives across […]

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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

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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Largest container ship to arrive in India drops anchor at Adani Ports, Mundra

May 26, 2024 Vinayak Barot

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port and logistics company, has created yet another record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, docked on 26 May, marking a significant milestone for both the port and the […]

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Business

Torrent Pharma Q4 Results, Net profit jumps 57%

May 24, 2024 Vinayak Barot

Drug firm Torrent Pharmaceuticals Ltd on Friday (May 24) reported a 56.5% year-on-year (YoY) jump in net profit at ₹449 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Torrent Pharmaceuticals posted a net profit of ₹287 crore, the company said in a regulatory filing. The company’s revenue from operations […]

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Adani Group stocks rally; Adani Enterprises jumps 8 pc

May 22, 2024 Vinayak Barot

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

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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