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AdaniConneX Seals the Largest Data Center Financing Deal in India with a USD 213 Mn Construction Financing Facility

June 23, 2023 Vinayak Barot

Ahmedabad, India, 23 June 2023: AdaniConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising USD 213 Mn for its under-construction data center asset portfolio. The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes ‘Chennai 1’ campus with Phase 1 of 17 […]

Business

Adani Group completes $2.65 billion deleveraging program

June 5, 2023 Vinayak Barot

Adani Group India’s largest critical Infrastructure developer today released a credit update on its group portfolio (as attached). Strong fundamentals are reflected in strong credit ratio: Net Debt to EBITDA (run rate) is now at 2.81x, (net debt to accounting EBITDA is at 3.27x). This is in the lowest quartile for a large infrastructure portfolio. […]

Business

We are fully compliant with all laws, rules and regulations and are confident that truth will prevail:

April 29, 2023 Vinayak Barot

Ahmedabad, 29 April 2023, SEBI is conducting an investigation into allegations made by a foreign short-seller on 25 January 2023 and also into market activity before and after that date. We understand that SEBI has approached the Hon’ble Supreme Court for more time to conclude its investigation, Adani Group spokesperson said. He further said, We […]

Business

ACC announces another reboust result with jump in sequential EBITDA by 40 %

April 27, 2023 Vinayak Barot

Ahmedabad: Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs. 235.66 crore for the quarter ending March 2023. The company had posted a profit of 396.33 crore in the January-March quarter a year ago, said ACC, now a part of Adani Cement, in a […]

Business

BIZ-ADANI-CHINA: I am a Taiwanese citizen, says Morris Chang – the man at centre of Adani-China row

April 13, 2023 Vinayak Barot

New Delhi, Apr 13, “I am a Taiwanese citizen,” says Morris Chang – the man’s nationality triggered a row over the Adani group’s alleged links with Chinese entities. Chang, who is a director in PMC Projects (India) Pvt Ltd that constructs ports, terminals, rail lines, power lines and other infrastructure assets for Adani Group, was […]

Business

Godda Power Plant Powers Up Bangladesh, Adani Power Begins Supplying Competitive Thermal Power to friendly Neighbouring Nation

April 9, 2023 Vinayak Barot

Godda, Jharkhand, India 9 April 2023: Adani Power Limited (APL), a part of the diversified Adani Group, announces the commissioning of its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district of India and begins supplying Bangladesh with 748 MW of power. The electricity supplied from Godda will significantly improve […]

Business

Adani Ports & SEZ acquires Karaikal Port for Rs 1,485 crores

April 3, 2023 Vinayak Barot

Ahmedabad, 3 April 2023: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) pursuant to NCLT approval. Earlier, APSEZ was declared as the successful resolution applicant under the Corporate Insolvency Resolution Process (CIRP) of KPPL. Karaikal Port is an all-weather […]

Business

Adani Ports Mundra clocks 40 vessel movements in a day

March 28, 2023 Vinayak Barot

Ahmedabad, 27 March 2023: Adani Ports Mundra, a bustling hub of maritime activity on India’s western coast, has accomplished a remarkable feat today. In a span of just 24 hours, the port managed to handle an overwhelming 40 vessel movements, setting a new record and exceeding their previous achievement of 39 vessel movements. This accomplishment […]

Business

Adani fully prepays share backed promoter financing and increases equity in Ambuja Financing aggregating USD 2.65 bn

March 12, 2023 Vinayak Barot

In continuation of promoters’ commitment to repay the promoter leverage, Adani has completed full prepayment of margin linked share backed financing aggregating to USD 2.15 billion, well before committed timeline of 31 March 2023. In addition to above, promoters have also prepaid USD 500 million facility taken for Ambuja acquisition financing. This is in line […]

Business

Adani Ports cargo volumes cross 300 MMT in just 329 days

February 26, 2023 Vinayak Barot

Ahmedabad, 26 February 2022: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on 23 February 2023, in just 329 days, beating its own milestone from last year of 354 days. APSEZ has registered unprecedented […]