Business news – Page 3

Business

Torrent Power Ltd set to procure LNG from BP Singapore Pte. Limited

June 2, 2025 revoi editor

Torrent Power Ltd (TPL) has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global integrated energy company bp, for supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG procured under this agreement will be strategically utilized by TPL, including to operate its […]

Business

Adani Ports taps its Largest Ever Domestic bond – 5,000 crore 15-year NCD

May 30, 2025 revoi editor

Ahmedabad, 30 May 2025: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility, has successfully raised INR 5,000 crore through a 15-year Non-Convertible Debenture (NCD). Backed by APSEZ’s strong financials and a ‘AAA/Stable’ domestic credit rating, the issue locked in a competitive coupon rate of 7.75% p.a. and was fully subscribed by […]

Business

Adani Group to invest ₹1 lakh crore in the Northeast

May 23, 2025 revoi editor

New Delhi, 23 May 2025: In a significant boost to the economic prospects of India’s Northeast, Adani Group Chairman Gautam Adani today announced a ₹1 lakh crore investment commitment for Assam and the broader Northeast region over the next decade. Speaking at the Rising Northeast Global Investors Summit in New Delhi in the presence of […]

Business

Adani Posts Stellar FY25 Performance; EBITDA hits All-time High

May 22, 2025 revoi editor

Ahmedabad, 22 May 2025: Adani Portfolio released FY25 Results and Credit compendium covering all its listed entities, summarizing the key developments across the portfolio companies. “A key highlight of FY25 is the continued industry-beating Return on Assets of 16.5%, which is amongst the highest in any infrastructure business globally, underpinning the attractive asset base and […]

Business

DragonPass customers will no longer have access to lounges at Adani-managed airports: Adani Airport Holdings

May 16, 2025 revoi editor

A spokesperson for Adani Airport Holdings said, Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers.

Business

Adani Green Becomes World’s First Renewable Energy IPP Among Top 10 players To Turn Water Positive

May 8, 2025 revoi editor

Adani Green Energy Limited (AGEL) has set a new standard for sustainability, becoming world’s first renewable energy (RE) Independent Power Producer (IPP) with a massive over 14 GW operational portfolio to turn water positive across its entire operational portfolio. AGEL achieved water positivity a year ahead of its FY26 target. It is the first and […]

Business

Adani Cement is now one of the most efficient cement manufacturers on the planet

May 6, 2025 revoi editor

Adani Group Chairman Gautam Adani shared a post on social media and said, 100 million tonnes capacity established at a world-record pace! Adani Cement is now one of the most efficient cement manufacturers on the planet. It is a reflection of our unwavering belief in India’s growth story, and the strength of a set of […]

Business

PM Modi will dedicate the Vizhinjam International Deepwater Multipurpose Seaport to the nation tomorrow

May 2, 2025 revoi editor

PM Modi will dedicate the Vizhinjam International Deepwater Multipurpose Seaport to the nation tomorrow. The ambitious project of the Kerala government is being developed under the PPP model. The private partner, the Concessionaire Adani Vizhinjam Port Private Limited, commenced construction on December 5, 2015. AS Suresh Babu, former MD & CEO of Vizhinjam International Seaport […]

Business

APSEZ records all-time high PAT of ₹11,061 Cr in FY25, up 37%

May 1, 2025 revoi editor

Ahmedabad, 1 May 2025: Adani Ports and Special Economic Zone Limited (APSEZ) announced results for the quarter and twelve months ending 31st March, 2025. Particulars (₹ Cr) Q4 FY25 Q4 FY24 YoY FY25 FY24 YoY Cargo (MMT) 118 109 8% 450 420 7% Revenue 8,488 6,897 23% 31,079 26,711 16% EBITDA 5,006 4,044 24% 19,025 […]

Business

Ambuja Cements crosses 100 MTPA Capacity

April 29, 2025 revoi editor

Ahmedabad, April 29, 2025: Ambuja Cements, the cement and building materials company of the diversified Adani Portfolio, delivers a stellar performance in its financial results on standalone and consolidated basis for Q4 and full year ended March 31, 2025. This performance is supported by improved KPIs across operational parameters, showcasing the Company’s strength and resilience, […]