Business news – Page 20

Business

QX Global Group wins the GUJARAT STATE BEST EMPLOYER BRAND AWARDS 2021

September 29, 2021 sanket

Ahmedabad, September 24, 2021 – QX Global Group, one of India’s leading knowledge process outsourcing company, was today conferred with the coveted Gujarat State Best Employer Brand Award for 2021. The recognition is endorsed by CHRO Asia, a non-profit and certified by the World Federation of HR Professionals. The award recognizes QX’s Global Blue-Chip professionalism with […]

Business

APSEZ fully unlocks India’s eastern hinterland with Rs. 6,200 Cr acquisition of Gangavaram Port

September 23, 2021 sanket

Completes Government of Andhra Pradesh’s stake Purchase in GPL Board Approves merger of GPL with APSEZ APSEZ acquires Government of Andhra Pradesh’s 10.4% stake for Rs. 645 Cr APSEZ and GPL boards have approved a merger at a swap ratio of 159:1,000 shares With the above, APSEZ achieves full closure on Gangavaram Port Ltd Acquisition […]

Business

Adani Transmission wins ‘Greentech Energy Conservation Award 2021’

September 23, 2021 sanket

Ahmedabad, September 22, 2021: Adani Transmission is at the forefront of decarbonizing the grid. Conservation of energy and reduction of carbon footprint are the surest steps towards the larger objective of decarbonization of the grid. During FY20-21, in line with its commitment towards ESG, ATL took many initiatives. Key initiatives include transition to green energy […]

Business

Association of CGD Entities (ACE) appoints Atanu Chakraborty as Chairman

September 22, 2021 sanket

New Delhi, September 21, 2021: Association of CGD Entities (ACE), a not-for-profit company established under Companies Act to promote development of City Gas Distribution (CGD) sector in the country, announced appointment of Atanu Chakraborty as its Chairman and independent director for a tenure of 3 years. Atanu Chakraborty, a 1985 Batch IAS officer from Gujarat […]

Business

Adani Group Clarifies On ‘Illegal drugs’ Seized At Its Mundra Port

September 22, 2021 sanket

Media statement on the malicious social media campaign against the Adani Group on the seizure of illegal drugs at Mundra Port Ahmedabad: On 16 Sep 2021, a joint operation by the DRI and Customs unearthed a large cache of contraband heroin from two containers from Afghanistan that had arrived at the Mundra International Container Terminal […]

Business

Adani Transmission to strengthen power transmission system in Madhya Pradesh with capex of Rs.1,200 Cr

September 16, 2021 sanket

Project won through competitive bidding – Covers transmission lines and substations in 18 districts ATL wins the project through Tariff-Based Competitive Bidding process The project ‘MP Power Transmission Package-II Limited’ comprises more than 850 ckt km of Transmission Lines and AIS Substations (220kV and 132kV) in 18 districts of Madhya Pradesh The project will strengthen […]

Business

Adani Green Energy Continues to Ramp Up Focus On ESG: Raises USD 750 Mn to fully fund equity needs for its under construction pipeline

September 2, 2021 sanket

Green Bond Oversubscribed by over 4.7x Raised USD 750 Mn through 3 year notes under the 144A / Reg S format. Funds to be used for equity portion of capex for under construction projects AGEL’s entire pipeline now fully funded putting it on track to be the world’s largest renewable energy platform by 2030 Issuance […]

Business

Adani Group to acquire MBCPNL portfolio from Sadbhav Infrastructure at an Enterprise Value of Rs.1,680 crore

August 17, 2021 sanket

Gateway connects Maharashtra with 6 neighbouring states, will cover over 20% of the commercial road traffic in India Adani Road Transport Ltd (ARTL) will acquire Maharashtra Border Check Post Network Ltd (MBCPNL). ARTL will acquire 49% at first, with the option to acquire additional stake, subject to approvals MBCPNL has 24 integrated checkposts with exclusive […]

Business

Adani Power Q1 FY22 results

August 6, 2021 sanket

Q1 FY22 Revenues 35% higher y-o-y at Rs. 7,213 Crore Q1 FY22 EBITDA 49% higher y-o-y at Rs. 2,292 Crore Q1 FY22 PAT registered at Rs. 278 Crore as compared to loss of Rs. (-) 682 Crore in Q1 FY21 Strong recovery in India’s electricity demand in Q1 FY22 at 341 Billion Units [‘BU’], a […]

Adani Transmission Limited Consolidated Results for Q1FY22

August 5, 2021 sanket

Double-digit revenue growth in both Transmission and Distribution Cash profit of Rs. 870 Cr PAT of Rs. 433 Cr, up 22% YoY Operational Highlights Q1FY22: Transmission Robust Transmission system availability at 99.85% Distribution Maintained supply reliability at 99.99% (ASAI) despite disruption in Mumbai in Q1 Total units sold grew by 17.8% YoY to 2,036 million […]