Page 4 - Adani Enterprises Ltd

Adani shares buck trend, rally up to 5% in a slippery market

Renewed confidence among overseas investment firms has helped lift sentiment at the Adani Group counters on BSE and NSE.

Adani Ports, Power: Charts suggest up to 23% upside for these Adani stocks

Over the last one year, select Adani Group stocks such as Adani Power, Adani Green, Adani Enterprises and Adani Ports have zoomed up to 300 per cent from their February 2023 lows.

Dharavi residents to get 350 sq ft flats after redevelopment: Adani Group

The Adani group on Monday said it will offer eligible residents of the Dharavi slum clusters new flats measuring 350 sq ft. The Adani group, which is redeveloping Dharavi slums in collaboration with the Maharashtra government, claimed the flat size was "17 per cent more" than what is offered as part of slum redevelopment projects. The new flats will have a kitchen and toilet, Adani said in a statement, adding that earlier, the dwellers of informal settlements were given houses measuring 269 sq ft. Since 2018, the state government started giving them homes measuring 315-322 sq ft. The redeveloped area will also have community halls, recreational areas, public gardens, dispensaries and daycare centres for children. January 1, 2000 has been decided as the cut-off date to determine eligible residents. The "ineligible residents" will be provided accommodation under the proposed affordable rental housing policy, as per the state government's norms. The Dharavi Redevelopment Project is

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of billionaire industrialist Gautam Adani, on Wednesday. Speaking to reporters on the sidelines of a programme here, Adani said that all the airports in the company's fold are currently expanding in terms of capacity and have collectively registered 80 million passengers last year. "In the near future, yes (on listing of airports vertical). It depends. We have a couple of triggers that we need to cross before we will do that. First big one is obviously Navi Mumbai (airport) being operationalised and having its first stable year of operations. But that is one of the triggers," Jeet Adani said, replying to a query when the airports vertical will be listed. Adani Airport Holdings Limited (AAHL), a 100 per cent subsidiary of Adani Enterprises Ltd, currently manages seven airports- Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur,

Adani Group shares hold gains in weak market as SC grants Sebi more time

The Supreme Court on Wednesday also directed the government and Sebi to look into whether there has been any violation of law by Hindenburg Research on short-selling.

'Grateful to those who stood by us': Adani on Adani-Hindenburg case verdict

Adani Hindenburg case verdict: The SC has refused to interfere in the investigation by the Securities and Exchange Board of India

Stocks to Watch today: TCPL, Tata Coffee, PNB, Railtel, BoB, IDFC First Bk

Stocks to watch on Friday, December 29, 2023: Tata Consumer, Tata Coffee fixes merger date; Innova Captab to debut; PNB board okays Rs 7,500 crore fund raise and more such stocks in the news today.

Adani Group reports 13.7% rise in cash reserve to Rs 45,895 crore

Adani group companies have reported a 13.7 per cent rise in cash reserve to Rs 45,895 crore in the first half of the current fiscal as earnings across the business rose while debt was almost unchanged. In the half-year credit performance report, Adani said while EBITDA rose to Rs 71,253 crore in April-September this fiscal from Rs 57,219 crore a year back, gross assets increased 6 per cent to about Rs 4.5 lakh crore. Gross debt was almost unchanged at Rs 2.26 lakh crore, but after considering cash reserves, the net debt at Rs 1.80 lakh crore was 3.6 per cent less than Rs 1.87 lakh crore in April-September 2022. The group's flagship incubator Adani Enterprises Ltd and ports unit Adani Ports and Special Economic Zone were top EBITDA earners. The two also account for 37 per cent of the cash balance in the group. Adani Enterprises had the biggest debt of Rs 103,926 crore, followed by APSEZ Rs 99,901 crore and Adani Power Ltd Rs 91,742 crore. City gas firm Adani Total Gas Ltd had the .

Adani Energy Solutions incorporates Gujarat-based Sunrays Infra Space Two

Adani Energy Solutions on Thursday announced the incorporation of a wholly-owned subsidiary Sunrays Infra Space Two Limited on December 13, 2023. "Company has incorporated a wholly-owned subsidiary company in the name of Sunrays Infra Space Two Ltd (SISTL) on 13th December 2023," a BSE filing said. The authorised and paid-up share capital of Sunrays Infra Space Two Ltd is Rs one lakh each. It is incorporated by Adani Energy Solutions Limited for transmission, distribution and supply of power and other infrastructure services relating thereto. The equity shares are acquired at a face value of Rs 10 each for cash consideration with 100 per cent shareholding. The SISTL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on December 13, 2023, and is yet to commence its business operations.

Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr

Adani Group on Monday said pre-tax profit or EBITDA of its portfolio companies that span from apples to airports jumped 47 per cent in the first half of the current fiscal year to Rs 43,688 crore on growth across businesses. "Core infrastructure businesses that provide a high degree of predictability, stability and multi-decadal visibility contributed 86 per cent of total EBITDA," it said in a statement. Trailing 12-month EBITDA of Rs 71,253 crore (USD 8.6 billion) is around 3x of FY19 (April 2018 to March 2019 fiscal year) EBITDA. "The integrated business portfolio, which focuses on fortifying India's infrastructure development, has delivered a strong performance across all its businesses. The substantial cash flows from these businesses lay the foundation for sustained future growth," the statement said. The group had the highest-ever cash balances of Rs 45,895 crore (USD 5.5 billion) at the end of September. Headquartered in Ahmedabad, the Adani portfolio is the largest and ...

Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap

In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.

Adani flagship aims big on data centers with $1.5 bn capex planned

The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030

Adani Enterprises Q2 result: Net profit falls over 50% to Rs 228 crore

Adani Enterprises Q2FY24 results: The company's revenue from operations was down 41 per cent to Rs 22,517.33 crore

Adani Group 'fleecing' people to the tune of Rs 12,000 crore: Rahul Gandhi

Congress leader Rahul Gandhi on Wednesday cited a media report to accuse the Adani Group of over-invoicing in coal imports and fleecing people to the tune of Rs 12,000 crore in electricity rates. Addressing a press conference at the AICC headquarters here, Gandhi attacked Prime Minister Narendra Modi, asking him to come clean on the Adani issue by initiating a probe into the matter and defend his credibility. "Why is the prime minister silent on the issueI am only helping the prime minister and asking him to come clean by starting an investigation and defend his credibility," Gandhi said. The former Congress chief displayed a recent Financial Times report at the press conference which claimed that the Adani Group appears to have imported billions of dollars of coal at prices well above market value. Gandhi claimed that as per the report Adani over-invoiced coal imports and took out Rs 12,000 crore from "people's pockets". Adani bought coal in Indonesia and when it reached India, i

MCA probes accounts of Adani Enterprises' Mumbai, Navi Mumbai airports

India's Ministry of Corporate Affairs had in February initiated another probe into the Adani Group's financial statements

Abu Dhabi-based IHC increases stake in Adani Enterprises to over 5%

Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group's flagship Adani Enterprises Ltd to above 5 per cent. In a filing to Abu Dhabi stock exchange, IHC said, "This strategic increase reflects IHC's conviction in the world leading incubation model of AEL." Stating it has increased its stake in AEL to above 5 per cent, it said it believes that "the inherent strength of airports, data centres, green hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India's robust growth journey." "IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders' return," it added. Last week, IHC had stated that as part of a "portfolio rebalancing strategy" it will sell its 1.26 per cent stake in Adani Green Energy Ltd and 1.41 per cent stake in Adani Energy Solutions.

Stocks to Watch today, Sep 15: Infosys, Airtel, BoM, GMM Pfaudler, Sequent

Stocks to watch on Friday, September 15, 2023: Buzzing today - Infosys secures a $1.5 bn global deal, GMM Pfaudler inks $7 mn acquisition and RBI places 15 NBFCs in top layer.

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

HDFC Bank, Adani Ent, IEX among 6 stocks to cross 200-DMA in last 2 days

Overall, as many as 464 stocks among the Nifty 500 were seen trading above the 200-DMA highlighting the underlying positive sentiment in the market.

Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7

With this, the total promoter holding in Adani Group's flagship firm has now risen to 71.93%