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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Business

Statement On Pledge of Adani Listed Companies

February 6, 2023 Vinayak Barot

Ahmedabad: In light of recent market volatility and in continuation of hte prmoter’s commeitment to reduce the overall promoter leverage backed by Adani Listed Company shares, we are pleased to inform that promoters have posted the amounts to prepay USD1,114 million ahead of its maturity of Sep 2024. With the repayment of such amount, the […]

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Business

Bank of Baroda will continueg iving loans to Adani: CEO Sanjiv Chadha

February 4, 2023 Vinayak Barot

Bank of Baroda MD and CEO Sanjiv Chadha said Friday thatt he bank will continue to lend to the Adani group if the groupa ccount meets the lender’s underwriting criteria. “For us, any lending decision is based upon, again, thea ssessment of risk and the return on that particular exposure. I don’t think we will […]

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Business

The maliciously mischievous, unresearched report published by Hindenburg Research has adversely affected the Adani Group, shareholders and investors

January 26, 2023 Vinayak Barot

The maliciously mischievous, unresearched report published by Hindenburg Research on 24 Jan 2023 has adversely affected the Adani Group, our shareholders and investors. The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens. Jatin Jalundhwala, Group Head – Legal, Adani said. Clearly, […]

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