Business news – Page 15

Business

The Adani Group, which is India’s leader in infrastructure and job creation

January 25, 2023 Vinayak Barot

We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix. The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts, Jugeshinder Singh, Group CFO, […]

Business

In a first, Adani to deploy Hydrogen-Powered Trucks

January 17, 2023 Vinayak Barot

Ahmedabad, 17 January 2023: Adani Enterprises Limited (AEL), part of the diversified Adani portfolio of companies, today signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Ashok Leyland, India, and Ballard Power, Canada. This collaboration marks Asia’s first planned hydrogen powered […]

Business

Adani Transmission Ltd is Water Positive

November 23, 2022 Vinayak Barot

DNV, an independent global certification agency, has certified ATL as ‘Water Positive’ The certification signifies water credit is higher than the water consumed The verification was carried out at 30 substations and seven Transmission Line Clusters (TLs) Ahmedabad, 23 November 2022: Adani Transmission Limited (ATL), the largest private transmission and distribution company in India and […]

Business

Adani Transmission to become net-zero by 2050

September 21, 2022 Vinayak Barot

Ahmedabad, 21 September 2022: Adani Transmission Ltd (ATL), India’s largest private power distribution company and the transmission arm of the diversified Adani Group, has submitted its Green House Gases (GHG) emission reduction plans and targets to Science Based Targets initiative (SBTi), an international initiative for containing global warming. ATL has submitted its detailed plan and […]

Business

Adani Electricity rejected the R-Infra claim

September 12, 2022 Vinayak Barot

Reliance Infrastructure Ltd (R-Infra), part of the Reliance Anil Dhirubhai Ambani Group, initiated arbitration on one specific dispute under the Share Purchase Agreement (SPA) in December 2021. This was a claim for Rs 500 Cr. Following due process, ATL/Adani Electricity rejected the R-Infra claim, Adani Group has said that. Adani Group said, In addition, ATL/Adani Electricity […]

Business

Adani Logistics Ltd acquires ICD “Tumb” (Vapi) from Navkar Corporation Ltd

August 16, 2022 Vinayak Barot

Ahmedabad, 16 August 2022: Adani Logistics Ltd (ALL), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a definitive agreement to acquire the ICD “Tumb” (Vapi) from Navkar Corporation Ltd for an enterprise value of Rs 835 Cr. The deal comprises acquisition of the operational ICD with capacity to […]

Business

APSEZ announces Q1 FY23 results, Record Cargo Volumes and EBITDA

August 8, 2022 Vinayak Barot

Ahmedabad, 8 August 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the first quarter of FY2023. Particulars Cargo Revenue EBITDA# PAT$ 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q […]

Business

Adani Enterprises Ltd Q1 FY23 Results, Consolidated Revenue increased by 223% to Rs. 41066 Cr

August 5, 2022 Vinayak Barot

Ahmedabad : Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter ended June 30, 2022. Financial Highlights Q1 FY23 (Consolidated) (YoY Basis): Total Income increased by 223% to Rs. 41,066 Cr on account of strong performance by IRM and Airport business EBIDTA increased by 107% to 1,965 Cr […]

Business

AD Ports Group and Adani Ports and SEZ Ltd Sign MoU for Joint Infrastructure Investments in Tanzania

August 4, 2022 Vinayak Barot

Ahmedabad / Abu Dhabi, 4 August 2022: AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Adani Ports and SEZ Ltd, India’s largest integrated ports and logistics company, for strategic joint investments in end-to-end logistics infrastructure and solutions, which include rail, maritime services, port […]

Business

Adani Power announces Q1 FY23 consolidated results

August 3, 2022 Vinayak Barot

Consolidated total revenue for Q1 FY23 at Rs. 15,509 Crore vs Rs. 7,213 Crore in Q1 FY22, an increase of 115%. Consolidated EBITDA for Q1 FY23 at Rs. 7,506 Crore vs Rs. 2,292 Crore in Q1 FY22, a rise of 227%, which includes prior period revenue recognition of Rs. 4,212 Crore vs Rs. 657 Crore […]