Business news – Page 15

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 […]

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 […]

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, […]

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 […]