Adani Green Energy closes India’s largest renewables M&A deal for USD 3.5 Billion; a 46% increase in operational capacity

October 4, 2021 sanket

SB Energy India is now 100% subsidiary of AGEL The transaction is for a fully completed enterprise valuation of USD 3.5 Bn (~Rs. 26,000 Cr) The acquired portfolio comprises ~100% sovereign rated counterparties. Average tariff for the portfolio is Rs. 2.75 per unit Transaction completed in less than four months with thorough due diligence, statutory […]

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Business

Adani Green Energy to acquire 40 MW operational Solar Asset in Odisha

September 30, 2021 sanket

AREMHL, a subsidiary of AGEL, has signed definitive agreements for 100% acquisition of a special purpose vehicle (SPV) operated by Essel Green The SPV comprises of 40 MW operating solar project in Odisha The project has a 25-year PPA with SECI The acquisition is at an enterprise valuation of Rs 219 Cr With this acquisition, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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