Business

Torrent Pharma announces Q2 FY24 results, Branded markets continue to deliver strong growth

October 23, 2023 Vinayak Barot

Ahmedabad, October 23, 2023:   India:  India revenue at Rs 1,444 crores grew by 18%  As per AIOCD secondary market data, IPM growth for the quarter was 4%. ∙ Market outperformance was led by continued double digit growth in chronic  therapies, revival in gastro demand, traction in consumer division, and new launches. ∙ Curatio portfolio grew […]

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Business

We are delighted with IHC’s decision to enhance its investment in Adani Enterprises Ltd : Adani Group

October 4, 2023 Vinayak Barot

Ahmedabad, 3 October 2023; We are delighted with IHC’s decision to enhance its investment in Adani Enterprises Ltd (AEL), which further validates AEL’s standing as a global leader in incubating new businesses, particularly in sustainable infrastructure, developing global aviation infrastructure and equitable energy transition. We see IHC’s increased stake as a ringing endorsement of our […]

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Business

The Audit Committee/ Board is pleased to appoint MSKA & Associates as APSEZ’s auditor

August 12, 2023 Vinayak Barot

The Audit Committee/ Board is pleased to appoint MSKA & Associates (an independent member firm of BDO International, a Top 6 global audit firm,) as APSEZ’s auditor. Since May 2017, Deloitte has been Adani Ports and Special Economic Zone’s (APSEZ) statutory auditor. In July 2022, APSEZ reappointed Deloitte as its statutory auditor for another term […]

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Business

AdaniConneX Seals the Largest Data Center Financing Deal in India with a USD 213 Mn Construction Financing Facility

June 23, 2023 Vinayak Barot

Ahmedabad, India, 23 June 2023: AdaniConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising USD 213 Mn for its under-construction data center asset portfolio. The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes ‘Chennai 1’ campus with Phase 1 of 17 […]

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Business

Adani Group completes $2.65 billion deleveraging program

June 5, 2023 Vinayak Barot

Adani Group India’s largest critical Infrastructure developer today released a credit update on its group portfolio (as attached). Strong fundamentals are reflected in strong credit ratio:  Net Debt to EBITDA (run rate) is now at 2.81x, (net debt to accounting EBITDA is at 3.27x). This is in the lowest quartile for a large infrastructure portfolio. […]

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Business

We are fully compliant with all laws, rules and regulations and are confident that truth will prevail:

April 29, 2023 Vinayak Barot

Ahmedabad, 29 April 2023, SEBI is conducting an investigation into allegations made by a foreign short-seller on 25 January 2023 and also into market activity before and after that date. We understand that SEBI has approached the Hon’ble Supreme Court for more time to conclude its investigation, Adani Group spokesperson said. He further said, We […]

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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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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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