Business news – Page 17

Business

International Holding Company to invest USD 2 billion in Adani Group’s green portfolio

April 8, 2022 Vinayak Barot

Ahmedabad, India, 8 April 2022: International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, will invest USD 2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) – which are all listed on Bombay Stock Exchange (BSE) and National […]

Business

Adani Power, IHI & Kowa collaborate for environmentally sustainable power generation

March 22, 2022 Vinayak Barot

Ahmedabad; Adani Power Limited (APL), IHI Corporation, and Kowa Company, Ltd. (Kowa), have signed a Memorandum of Understanding (MoU) to study the feasibility on a modification to achieve 20% liquid ammonia co-firing ratio and thereafter extend this to a ratio up to 100% mono-firing at the Adani Power Mundra Coal Fired Power Plant. APL aims […]

Business

Adani Green raises USD 288 Mn Construction Facility, Increases the construction revolver pool to USD 1.64 Bn

March 21, 2022 Vinayak Barot

With this Senior Debt Facility, contracted with seven international banks, AGEL has extended its Construction Financing Framework to USD 1.64 Bn Reinforces AGEL’s overall capital management philosophy and fast tracks the development agenda to raise the pace of energy transition by 2030 The facility will finance the 450 MW hybrid portfolio of solar and wind […]

WhatsApp Image 2022-03-08 at 14.40.49 (1)

Business

APSEZ & IOCL to build on relationship at Mundra Port

March 8, 2022 Vinayak Barot

IOCL to construct nine new crude oil tanks Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC’s crude oil volumes at Mundra. IOCL shall expand its existing Crude Oil Tank Farm at APSEZ’s Mundra Port, thus enabling it to handle and […]

Business

Adani Group announces MoU with Ballard for Hydrogen fuel cells in India

February 21, 2022 Vinayak Barot

Ahmedabad, India and Vancouver, Canada – The Adani Group (“Adani”; NSE: ADANIENT) announced today it has signed a non-binding Memorandum of Understanding (“MoU”) with Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, […]

Business

Adani Enterprises Ltd 9M FY22 Results

February 14, 2022 Vinayak Barot

Consolidated EBIDTA increased by 45% to Rs. 3,187 crore Attributable profits stood at Rs. 472 crore Took over Jaipur, Guwahati and Thiruvananthapuram Airports in Oct 21 Formed “Adani New Industries Ltd” for green hydrogen generation & allied products Business Highlights : Vertical Highlights Airports Took over Jaipur, Guwahati and Thiruvananthapuram Airports in October 21, […]

Business

Adani Green first in India to achieve GRI South Asia charter member status

February 7, 2022 Vinayak Barot

AGEL has displaced 14.64 million tCO2 until March 2021 Average tariff across AGEL portfolio will be lower than the national APPC Digital interventions like IoT, machine learning and innovations for cost reduction Ahmedabad, Adani Green Energy Ltd (AGEL), the world’s largest solar power developer and the renewable energy arm of the diversified Adani Group, has […]

Business

Adani Green Energy raises Rs 612.30 Cr for debt refinancing

February 4, 2022 Vinayak Barot

Issues Rated, Listed, Secured, Redeemable, Non-Convertible Debentures to raise Rs 612.30 Cr The funds will be used to refinance existing debt NCDs have an average coupon rate of 7.83% p.a. which is significantly lower than existing debt Ahmedabad, 4 February 2022: Three subsidiaries of Adani Green Energy Ltd – Adani Green Energy (UP) Ltd, Prayatna […]

Business

Adani Transmission Limited Consolidated Results for 9MFY22 and Q3FY22

February 3, 2022 Vinayak Barot

Cash profit of Rs. 2,276 Cr in 9MFY22 PAT of Rs. 999 Cr in 9MFY22 Cash profit of Rs. 714 Cr in Q3FY22, up 2.2% yoy Operational Highlights 9MFY22: Transmission Added 3,080 ckm; total transmission network at 18,567 ckm Robust Transmission system availability at 99.62% GTL, BKTL, FBTL projects were commissioned during the period Received […]

Business

Adani Total Gas 9M FY22 Results, Revenue from Operations – Rs 2,141 Cr – increase of 83%

February 3, 2022 Vinayak Barot

EBITDA – Rs 673 Cr – up by 28% CNG stations increased to 287 Exit volume increased to 2.20 MMSCMD Operational Highlights 9M FY22 (Standalone): Commissioned 70 New Stations, total CNG Stations now increased to 287 Added 52,611 new connections, total PNG home connections surpassed 5.3 lakh mark (5.31 lakh) Industrial & Commercial connections increased […]