Explore Business Standard
Adani
Adani Electricity Mumbai Ltd has received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating on par with the sovereign, according to India Ratings. "The rating upgrade reflects strong regulatory support, improving credit metrics and sustained deleveraging, supported by stable cash flows under a cost-plus regulatory framework," India Ratings said in a statement. Acquired in 2018 from Anil Dhirubhai Ambani Group, Mumbai utility has seen a sharp turnaround under the Adani Group. Since the acquisition, the company has more than doubled its asset base to over Rs 10,000 crore, through sustained capital expenditure to meet rising electricity demand in India's financial capital. India Ratings cited "timely and cost-reflective tariff orders issued by the Maharashtra Electricity Regulatory Commission," adding that these have enabled "full recovery of past regulatory assets, including carrying costs, restoring regulatory balances to
Union Civil Aviation Minister K Ram Mohan Naidu on Wednesday said the collaboration between the Adani Group and Brazilian major Embraer is expected to see good growth in the next two years. Speaking to media persons after inaugurating the stand having a static display of aircraft at the four-day aviation summit Wings India 2026, he also said the India-EU trade deal is the most complicated FTA (free trade agreement) that India has cracked and the whole agreement revolves around the manufacturing ecosystem in India. "India and Brazil, carry strong relationships, both at the bilateral level and international level. Next month, the honourable president of Brazil is going to come and he's going to meet our honourable prime minister also. In their presence, they are going to decide on timelines for how and when it is going to unfold," the minister said. "But we are expecting that within two years, we should be able to see very good progress in that area," he further said. Adani and ...
Adani Group and Brazilian major Embraer on Tuesday announced a strategic collaboration that aims to have a final assembly for regional transport aircraft in India. India is one of the world's fastest growing civil aviation markets and the partnership will look to help enhance air connectivity to Tier 2 and 3 cities. The partnership was announced at a function at the civil aviation ministry in the national capital on Tuesday. Civil Aviation Secretary Samir Kumar Sinha said the collaboration is not just about assembling a regional aircraft but also about progressive technology transfer, skilling, having robust supply chain as well as making India a trusted manufacturing hub for regional aircraft. Adani Defence & Aerospace Director Jeet Adani said with the Embraer collaboration, a regional aircraft manufacturing facility will be set up in India. Embraer makes commercial jets with up to 150 seats. With the partnership, Adani Group, which already has a good presence in the fast-growin
The Adani Ports will be carrying out the second phase development of the Vizhinjam seaport at an estimated cost of around Rs 16,000 crore, and an announcement in this regard is expected during the inaugural ceremony on Saturday, sources said. The second phase of development will be inaugurated on Saturday evening by Chief Minister Pinarayi Vijayan. The Adani Ports and Special Economic Zone Ltd (APSEZ) expects the second phase of development to make Vizhinjam the largest transhipment hub in the Indian sub-continent, the sources said. It will add 4.1 million Twenty-foot Equivalent Units (TEUs) to the existing capacity of the port, they said. The sources further said that while Vizhinjam was currently the most advanced and fully automated transhipment hub in India, the phase 2 development will be undertaken with updated automation in technologies and equipment. The phase 2 equipment will include 21 automated ship-to-shore (STS) cranes, 45 automated Cantilever Rail-Mounted Gantry (CMR
India's growing stature in global clean energy manufacturing has received a boost with Adani Solar emerging as the only Indian company to feature in Wood Mackenzie's Global Solar Module Manufacturer Ranking for the first half of 2025. Adani Solar, the solar photovoltaic manufacturing arm of Adani New Industries Limited (ANIL), was assigned a Grade A classification by the global energy and natural resources consultancy. It was ranked No.8 on the Wood Mackenzie Global Solar Module Manufacturer Ranking. Wood Mackenzie has released its latest "Global Solar Module Manufacturer Ranking" report for the first half of 2025, which assesses solar panel companies on shipments, bankability and performance. JA Solar and Trinasolar jointly claimed the top rank, with scores of 91.7 and 91.6, respectively, according to the Wood Mackenzie report which evaluated 38 manufacturers of crystalline silicon modules. Adani Solar had a score of 81 points. Wood Mackenzie evaluates manufacturers on 10 criteri
Adani Group has completed as many as 33 acquisitions worth about Rs 80,000 crore (USD 9.6 billion) across its businesses since January 2023, signalling sustained access to capital and steady execution following the short-seller allegations that jolted markets nearly three years ago. The buying spree has been concentrated in the conglomerate's core sectors, according to market data and company sources. Ports led with acquisitions of around Rs 28,145 crore, followed by cement at Rs 24,710 crore and power at Rs 12,251 crore. Newer, incubating businesses accounted for Rs 3,927 crore, while transmission and distribution added Rs 2,544 crore of deals, they said. The list does not include the Rs 13,500 crore planned acquisition of debt-laden Japyee Group in bankruptcy proceedings. That transaction is yet to conclude. A few transactions in works too are not in the list. The acquisitions come as Adani works to rebuild investor confidence after now shuttered US-based short seller Hindenburg
The Adani Group-promoted Navi Mumbai International Airport (NMIA) will commence commercial flight operations on Thursday, according to a statement. First conceived in 1997 by Maharashtra's city planning agency, City and Industrial Development Corporation (CIDCO), Prime Minister Narendra Modi laid the foundation stone for the airport in 2018. The airport was inaugurated by the Prime Minister on October 8 this year. At the foundation-laying ceremony, Chief Minister Devendra Fadnavis had announced that the "first flight from Navi Mumbai International Airport will take off in December 2019". Since 2021, Adani Airports Holdings Limited (AAHL), a subsidiary of Adani Enterprises Limited (AEL), has led the development, construction, and operational readiness of the greenfield airport, progressing it from accelerated construction to phased commercial operations within a compressed time frame. Now, finally, the airport, inspired by India's national flower, the lotus, the terminal architectu