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Adani Group
In a boost to the Indian Army's firepower, a defence major on Saturday delivered the first batch of 2,000 'Prahar', light machine guns (LMGs), manufactured under the 'Make in India' initiative. The 7.62 mm-calibre weapon has been manufactured by Adani Defence and Aerospace at its Small Arms Complex located on the outskirts of Gwalior. A ceremony was held on its premises on Saturday to hand over the LMGs to the Army, which was attended by A Anbarasu, DG Acquisition, Ministry of Defence, Ashish Rajvanshi, CEO of Adani Defence and Aerospace, and other senior officials of the private firm. Anbarasu later flagged off a series of trucks carrying the first batch of the LMGs meant for the Army. Interacting with reporters after the flagging off, Rajvanshi said, "The journey that has begun today took us six years, starting from bid submission, and we have delivered it 11 months ahead of schedule." "The original timeline, which was given to us by the customer, was over seven years, but I can
Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT's approval to Adani Group's bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd. On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved Adani Enterprises Ltd's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process. In a regulatory filing, JAL had informed that the NCLT, Allahabad bench, has "orally pronounced an order on March 17, 2026" approving the resolution plan submitted by Adani Enterprises Ltd. Now, mining giant Vadanta has filed an appeal against the said NCLT order before the appellate insolvency tribunal NCLAT. The matter is listed for hearing on Monday .
Even as tensions stemming from the West Asia crisis unsettle global markets, investors have shown little willingness to part with Adani Group's dollar bonds, despite a buyback by its ports arm, Adani Ports and Special Economic Zone Ltd (APSEZ). On March 12, APSEZ, India's largest private port operator, completed a cash tender offer to repurchase parts of two series of US dollar-denominated senior notes, trimming its outstanding debt by about USD 199.5 million, people with direct knowledge of the matter said. The offer covered up to USD 345.1 million of 4 per cent notes due in 2027 and USD 150 million of 3.10 per cent notes due in 2031, suggesting a potential buyback of roughly USD 495 million. Yet bondholders offered back far less than that. APSEZ eventually accepted USD 102.1 million of the 2027 notes and USD 97.5 million of the 2031 notes, they said. In effect, more than 60 per cent of investors chose to keep their bonds, declining the opportunity to exit through the tender ...
Marking International Women's Day, Adani Group chairman Gautam Adani on Sunday paid tribute to the women who shaped his life and journey, saying the foundations of his success were built on the strength, values and support he drew from family. Writing on LinkedIn, he reflected on the influence of his mother Shantaben Adani, recalling how stories from Indian epics such as the Ramayana during his childhood instilled values of courage, sacrifice and duty. He said he later understood the depth of those lessons when, at the age of 16, he left home for Mumbai to build his own career, recalling the strength it must have taken for his mother to allow him to step into an uncertain future. Adani also acknowledged the role of his wife Priti Adani, who left a career in dentistry to lead the Adani Foundation, which he said now works across 22 states in India in areas including education, healthcare and livelihoods and has touched more than 10 million lives. He praised daughters-in-law Paridhi .