Business

APSEZ announces Q1 FY23 results, Record Cargo Volumes and EBITDA

August 8, 2022 Vinayak Barot

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Ahmedabad, 8 August 2022: Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the first quarter of FY2023. Particulars Cargo Revenue   EBITDA# PAT$ 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q FY22 Y-o-Y Change 1Q FY23 1Q […]

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Business

Adani Enterprises Ltd Q1 FY23 Results, Consolidated Revenue increased by 223% to Rs. 41066 Cr

August 5, 2022 Vinayak Barot

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Ahmedabad : Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter ended June 30, 2022. Financial Highlights Q1 FY23 (Consolidated) (YoY Basis):  Total Income increased by 223% to Rs. 41,066 Cr on account of strong performance by IRM and Airport business EBIDTA increased by 107% to 1,965 Cr […]

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Business

AD Ports Group and Adani Ports and SEZ Ltd Sign MoU for Joint Infrastructure Investments in Tanzania 

August 4, 2022 Vinayak Barot

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Ahmedabad / Abu Dhabi, 4 August 2022: AD Ports Group, the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Adani Ports and SEZ Ltd, India’s largest integrated ports and logistics company, for strategic joint investments in end-to-end logistics infrastructure and solutions, which include rail, maritime services, port […]

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Business

Adani Power announces Q1 FY23 consolidated results

August 3, 2022 Vinayak Barot

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Consolidated total revenue for Q1 FY23 at Rs. 15,509 Crore vs Rs. 7,213 Crore in Q1 FY22, an increase of 115%. Consolidated EBITDA for Q1 FY23 at Rs. 7,506 Crore vs Rs. 2,292 Crore in Q1 FY22, a rise of 227%, which includes prior period revenue recognition of Rs. 4,212 Crore vs Rs. 657 Crore […]

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Business

Adani enters Industrial 5G Space

August 2, 2022 Vinayak Barot

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Ahmedabad, 2 August 2022: Adani Data Networks Ltd (ADNL), the digital connectivity solutions arm of the Adani Group, has acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band. ADNL secured this spectrum for 20 years in the first ever 5G spectrum auction conducted by the Govt of India’s Telecommunications Department. […]

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Business

Adani Group achieves financial closure of Kutch Copper Limited project, raises entire debt of INR 6,071 Cr

June 27, 2022 Vinayak Barot

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Ahmedabad:  Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for production of refined copper with 1 MTPA (million tons per annum) in two phases. For the phase1 capacity of 0.5 MTPA, KCL has achieved financial closure through a syndicated club loan for the greenfield […]

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Business

Adani and TotalEnergies to create the world’s largest green hydrogen ecosystem

June 14, 2022 Vinayak Barot

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Ahmedabad, 14 June 2022. Adani, India’s fastest-growing diversified business portfolio, and energy supermajor TotalEnergies of France, have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem. In this strategic alliance, TotalEnergies will acquire 25% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The new partnership, centered […]

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Business

Adani Transmission Limited, Consolidated Results for Q4FY22 and FY22

May 6, 2022 Vinayak Barot

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Ahmedabad : Adani Transmission Limited (“ATL”), the largest private transmission company in India and part of the globally diversified Adani portfolio, today announced its financial and operational performance for the year ended 31 March 2022. Financial Highlights – Consolidated (Transmission and Distribution(3)): Particular (Rs. crore)   FY22 FY21 Change % Q4FY22 Q4FY21 Change % Revenue(1,2)   10,184 […]

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Business

Adani Wilmar buys Kohinoor Brand (Rice) to strengthen its leadership in the rice and food business

May 4, 2022 Vinayak Barot

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NEW DELHI : Adani Wilmar Limited (AWL), one of the largest and fastest growing packaged food FMCG companies in India offering a wide array of consumer products, today announced the acquisition of several brands including the renowned Kohinoor Brand – domestic (India region) from McCormick Switzerland GMBH for an undisclosed amount. In essence, the acquisition […]

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Business

Mumbai International Airport raises USD 750 Mn from Apollo

May 4, 2022 Vinayak Barot

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Mumbai, 04 May 2022: Mumbai International Airport Ltd (MIAL), which owns and operates the Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, the second largest airport in India has successfully raised USD 750 Mn senior secured private placement notes from Apollo-managed credit funds. Apollo’s Credit business was able to provide a scaled, long-term capital solution […]

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