Business

Adani Ports Mundra Enhances Global Connectivity with ONE

May 15, 2024 Vinayak Barot

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, […]

Read more

Business

Adani Wilmar Limited : FY’24 revenue at INR 51,262 Crores

May 1, 2024 Vinayak Barot

The Company’s sales volume continues to grow well, and we have witnessed strong volume growth in  both edible oils and foods businesses during the quarter and for the full year, driven by increased retail  penetration.  The Company recorded revenue of INR 13,238 crores in Q4’24. While edible oils grew by 11% and Food &  FMCG […]

Read more

Business

Ambuja Cements delivers lifetime highest annualised PAT

May 1, 2024 Vinayak Barot

Ahmedabad, 1st May 2024: Ambuja Cements, the cement and building materials flagship of the diversified Adani Group, today announced a record-setting standalone and consolidated financial results for Q4 and full year ended March 31, 2024. This strong performance is driven by improved KPIs in all operational parameters. Mr. Ajay Kapur, Whole Time Director & CEO, […]

Read more

Business

APSEZ Secures AAA Rating – India’s First Private Infrastructure Developer With AAA

May 1, 2024 Vinayak Barot

Ahmedabad, 01 May 2024: Adani Ports and Special Economic Zone (APSEZ), proudly announces revision of its credit rating to AAA by CARE Ratings. The top most rating signifies highest level of credit worthiness and the ability to fulfill all its financial guidance. With this development, APSEZ has become the first large sized private infrastructure developer […]

Read more

Business

Adani portfolio’s record profit growth, robust credit profile set stage for unrivalled green investments

February 29, 2024 Vinayak Barot

Ahmedabad, 29 February 2024: In line with our commitment to upholding the highest standards of transparency, we are pleased to release the Adani portfolio’s results, credit and ESG compendium. It offers insights into the quarterly and trailing twelve-month (TTM) financial performance of the portfolio, reinforcing our dedication to providing clear and detailed information to stakeholders […]

Read more

Business

PropBot: Kalpan Shah and Chintan Shah’s Venture into Sustainable Real Estate Technology

February 26, 2024 Vinayak Barot

In an innovative leap towards sustainability and efficiency in the real estate sector, young entrepreneurs Kalpan Shah and co-founder Chintan Shah introduce PropBot. This ground-breaking venture is more than just a business; it’s a commitment to solving industry challenges while significantly reducing the environmental impact of traditional real estate practices. Innovating for a Greener Future […]

Read more

Business

Adani Electricity Shines in National Consumer Service Ratings! Ranked No 1 amongst Mumbai Discoms

February 2, 2024 Vinayak Barot

Adani Electricity, the largest power distributor in Mumbai, has once again garnered an impressive ‘A’ rating in the Consumer Service Ratings for 2023, released by the Ministry of Power, Government of India. Standing tall among 62 Discoms across India, the achievement showcases Adani Electricity’s commitment to providing Reliable, Sustainable, and Customer-centric power services at competitive Tariffs. […]

Read more

Business

Adani Total Gas Q3 & 9MFY24 Results, Overall Volume up by 21% in Q3 & 13% in 9M Y-o-Y

January 30, 2024 Vinayak Barot

Ahmedabad, 30th January 2024: Adani Total Gas Ltd (“ATGL”),India’s leading City Gas Distribution company, announced today its operational and financial performance for the nine-month ended and quarter ended 31st December 2023. “With expansion of CGD infrastructure, together with ceasing opportunity in the areas of e-mobility, biomass and LNG for Transport & Mining (LTM), ATGL has […]

Read more

Business

Deloitte in eye of storm as SEC probes Tingo for $470 mn scam, experts call for greater oversight to protect Indian investors

January 29, 2024 Vinayak Barot

New Delhi,  Auditing firm Deloitte has once again been caught in the eye of the storm of regulators. Deloitte’s international audit arm certified that Nigerian firm Tingo – accused of fraud by Hindenburg – had more than $470 million in the bank. However, reports indicate that the Securities and Exchange Commission only found $50 in the […]

Read more

Business

Adani Green delivers cash backed redemption plan for USD 750 million Holdco bond

January 29, 2024 Vinayak Barot

Ahmedabad, 29 January 2024: Adani Green Energy Limited (AGEL) has completed the funding for the USD 750 million 4.375 notes due 09 September 2024 (Holdco Notes) with the receipt of the funds under the preferential allotment of INR 9,350 Cr (USD 1,125 million) to the promoters of AGEL The shareholders of AGEL, approved the preferential […]

Read more