Business

ACC announces another reboust result with jump in sequential EBITDA by 40 %

April 27, 2023 Vinayak Barot

Ahmedabad: Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs. 235.66 crore for the quarter ending March 2023. The company had posted a profit of 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a […]

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Business

BIZ-ADANI-CHINA: I am a Taiwanese citizen, says Morris Chang – the man at centre of Adani-China row

April 13, 2023 Vinayak Barot

New Delhi, Apr 13, “I am a Taiwanese citizen,” says Morris Chang – the man’s nationality triggered a row over the Adani group’s alleged links with Chinese entities. Chang, who is a director in PMC Projects (India) Pvt Ltd that constructs ports, terminals, rail lines, power lines and other infrastructure assets for Adani Group, was […]

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Business

Godda Power Plant Powers Up Bangladesh, Adani Power Begins Supplying Competitive Thermal Power to friendly Neighbouring Nation

April 9, 2023 Vinayak Barot

Godda, Jharkhand, India 9 April 2023: Adani Power Limited (APL), a part of the diversified Adani Group, announces the commissioning of its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district of India and begins supplying Bangladesh with 748 MW of power. The electricity supplied from Godda will significantly improve […]

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Business

Adani Ports & SEZ acquires Karaikal Port for Rs 1,485 crores

April 3, 2023 Vinayak Barot

Ahmedabad, 3 April 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) pursuant to NCLT approval. Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. Karaikal Port is an all-weather […]

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Business

Adani Ports Mundra clocks 40 vessel movements in a day

March 28, 2023 Vinayak Barot

Ahmedabad, 27 March 2023: Adani Ports Mundra, a bustling hub of maritime activity on India’s western coast, has accomplished a remarkable feat today. In a span of just 24 hours, the port managed to handle an overwhelming 40 vessel movements, setting a new record and exceeding their previous achievement of 39 vessel movements. This accomplishment […]

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Business

Adani fully prepays share backed promoter financing and increases equity in Ambuja Financing aggregating USD 2.65 bn

March 12, 2023 Vinayak Barot

In continuation of promoters’ commitment to repay the promoter leverage, Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion, well before committed timeline of 31 March 2023. In addition to above, promoters have also prepaid USD 500 million facility taken for Ambuja acquisition financing. This is in line […]

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Business

Adani Ports cargo volumes cross 300 MMT in just 329 days 

February 26, 2023 Vinayak Barot

Ahmedabad, 26 February 2022: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on 23 February 2023, in just 329 days, beating its own milestone from last year of 354 days. APSEZ has registered unprecedented […]

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English

Fortune celebrates National Protein Day with a campaign to spread awareness about protein rich Soya Chunks

February 26, 2023 Vinayak Barot

National, 26thFebruary: Fortune, the No. 1 edible oil brand in the country is celebrating National Protein Day with Fortune Soya Chunks, one of the leading brands in the category inTexturized Soya Protein (TSP). TSP is also one of the most preferred substitutes for vegetables and meats. Fortune Soya Chunks has launched a campaign, to mark […]

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Business

significant interest in various aspects of the Adani portfolio of companies over the past two weeks

February 15, 2023 Vinayak Barot

We are pleased to share the financial results of Adani Enterprises Ltd. As you all know, there has been significant interest in various aspects of the Adani portfolio of companies over the past two weeks. Jugeshinder [Robbie] Singh, CFO, Adani Enterprise said so. First, let me say that we are laser focused on continuing our business momentum, […]

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Business

Adani Enterprises Ltd 9M FY23 Results, Consolidated EBIDTA up by 90% to Rs. 6,068 cr

February 14, 2023 Vinayak Barot

Ahmedabad, February 14, 2023: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the nine months & quarter ended December 31, 2022 “Over the past three decades, as well as quarter after quarter and year after year, Adani Enterprises has not only validated its standing as India’s most successful infrastructure […]

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