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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
Ports-to-energy conglomerate Adani Group is all set to invest up to Rs 12 lakh crore in India in the next six years, chairman Gautam Adani said. The sizeable investments will be made in infrastructure, mining, renewable energy and ports, among others, he said. "There is huge investment potential. We will invest Rs 10 to 12 lakh crore in India in the next six years," Adani told PTI. The corporate India and industrialists are aligning with Prime Minister Narendra Modi's call for self-reliance, a mission described as "India's new Independence", the billionaire said. "Struggle for achieving self-reliance is on...the Prime Minister (Narendra Modi) has also given a call for this...That is a new Independence. That is what every industrialist and every group is working on," Adani told PTI. He was here to attend the centenary celebrations of IIT (ISM) Dhanbad. The proposed investment will include infrastructure, technology, energy transition, ports and other things, he said. "We have inv
Adani Green Energy Ltd (AGEL) on Monday said it has integrated the guidance of the Taskforce on Nature-related Financial Disclosures (TNFD) into its core sustainability strategy, reinforcing its shift toward nature-positive renewable energy development. The TNFD framework is a global, science-led initiative founded by the United Nations Environment Programme Finance Initiative, the United Nations Development Programme, the World Wildlife Fund and Global Canopy. It provides a structured framework for organisations to identify, assess, manage and disclose nature-related risks and opportunities. By aligning with the TNFD framework, AGEL strengthens its leadership among global renewable companies integrating biodiversity considerations into strategic decision-making, supporting both global conservation priorities and India's climate leadership. This strengthens AGEL's ambition to transition from traditional Environmental, Social, and Governance (ESG) compliance to a more integrated, ..
An Adani group joint venture company has acquired infrastructure developer Trade Castle Tech Park, which owns sizeable land parcels, for Rs 231.34 crore. AdaniConneX (ACX), a joint venture of Adani group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA) on November 21, 2025, with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL, AEL said in a stock exchange filing. "The object of acquisition is to set up infrastructure facilities," it said without elaborating. "The acquisition is expected to be completed by the end of November 25, 2025." The purchase consideration for the acquisition is Rs 231.34 crore, AEL said. "TCTPPL is incorporated in India and registered with the Registrar of Companies, Maharashtra, Mumbai, on October 16, 2023, with an object for carrying out infrastructure development activities. While
Adani Group has sold its remaining 7 per cent stake in Adani Wilmar Ltd in a block deal that attracted strong institutional demand. Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake, according to people familiar with the transaction. Several international investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block. Market sources add that Wilmar's long-term institutional partners such as GIC are expected to increase their exposure to AWL as the promoter structure stabilises. Earlier this week, the Adani Group had sold 13 per cent stake in AWL to bring its exposure down to 7 per cent. AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has completed a major shareholder reshaping after Adani Enterprises fully exited its 44 per cent stake, including the final 7 per cent clean-out block placed on November 20 at Rs 275 per share. The total realisat
The Adani Group will invest about Rs 63,000 crore in Assam to build major power projects, including the Northeast's largest private coal-fired plant, and new pumped-storage facilities. In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam. Adani Power Ltd will put in roughly Rs 48,000 crore to build a 3,200 MW greenfield ultra-super-critical thermal plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The company won the project with a tariff bid of Rs 6.30 per kWh (per unit) and has secured coal linkage under the Centre's SHAKTI policy. The plant will be commissioned in phases from December 2030 and is expected to generate 20,00025,000 jobs during construction and about 3,500 in operations. Adani Green Energy Ltd, the group's renewable energy company, will invest around Rs 15,000 crore in two Pumped Storage Projects (PSPs) with a ..
Adani Group will invest Rs 1 lakh crore over the next decade in Andhra Pradesh, Karan Adani said on Friday. Speaking at Andhra Pradesh Investor Summit, he said the investment will span across ports, cement, data centres, energy and advanced manufacturing. This is over and above the Rs 40,000 crore already invested. Adani, eldest son of billionaire Gautam Adani, unveiled the Group's USD 15-billion Vizag Tech Park vision, which includes building one of the world's largest green-powered hyperscale data-centre ecosystems in partnership with Google. He said existing Adani operations in Andhra Pradesh have already created over one lakh direct and indirect jobs, with more large-scale employment generation planned through upcoming projects.
Adani Enterprises Ltd is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta's bid to make payments in five years, sources said. In early September, mining conglomerate Vedanta Group had beaten Adani Group to emerge as the highest bidder, with an offer of Rs 12,505 crore as net present value (NPV), in an auction carried out by lenders to find suitors for JAL, whose interests span real estate, cement, power, hotels, and road. Dalmia Cement (Bharat) Ltd, Jindal Power Ltd, and PNC Infratech Ltd did not bid in the auction process. Later, the lenders held negotiations with these five players to enhance the bid value and maximise realisation. On October 14, these five bidders submitted fresh signed resolution plans in sealed envelopes. According to sources, the committee of creditors (CoC) of JAL met last week to deliberate on these comprehens