Adani Group

Vedanta revised JAL bid after learning evaluation standing: Lenders

Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process

Adani Enterprises arm sets up three hotels, real estate airport city units

Adani Enterprises Ltd (AEL) said its step-down unit has incorporated three wholly-owned subsidiaries focused on hotel and real estate development as part of its airport city expansion strategy. Adani Airport City Ltd, a step-down wholly-owned subsidiary of the company, has set up Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd and Adani Ahmedabad Airport City Ltd. The new entities will undertake real estate activities including construction, along with hotels featuring integrated restaurants, banquets and business centres, according to a regulatory filing by the company. The newly incorporated entities "shall be engaged in the business of real estate activities with own or leased property, construction of buildings carried out on own - account basis or on a fee or contract basis - hotels with integrated restaurants, banquets and business centres," it said. It however did not elaborate if the plan included construction of hotels within the vicinity of airports it

SEC, Adanis seek extension, propose new briefing schedule in US case

The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses. In a filing before the US District Court for the Eastern District of New York, the parties said they had conferred in line with the court's April 7 directive and agreed on a new timeline, which has been submitted for approval to Judge Nicholas G Garaufis. The SEC had sued Adani Group founder Gautam Adani and his nephew, Sagar, in November 2024, alleging they had misled investors by failing to disclose an alleged bribery scheme tied to Indian state officials, framing the case under US securities laws. Denying all allegations, the two, through their lawyers, on April 7, filed a pre-motion letter ahead of a planned April 30 motion, seeking dismissal of a fraud lawsuit, arguing the case represents an impermissible extraterritorial applicatio

Adani to invest ₹1 trillion in Mumbai's Motilal Nagar redevelopment project

Project in Goregaon West to include major rehab component and free-sale area, with Mhada overseeing development under the cluster redevelopment model

CCI closes Adani case, says company has no 'dominance' in power market

A key finding of the Commission was that the Adani Group does not hold a "dominant" position in the relevant market

Adani Group stocks: Adani Power, Energy hit 52-week highs; here's why

Adani Group shares rallied up to 3% in Wednesday's intra-day trade, and have outperformed the market thus far in April with gains up to 19 per cent.

Adani Energy begins operation of 1,000 MW power transmission line in Mumbai

Adani Energy Solutions Ltd (AESL) on Tuesday said its arm Adani Electricity Mumbai Infrastructure Ltd (AEMIL) has started operation of 1,000 MW transmission link between Kudus and Aarey. The high-voltage direct current transmission link comprising a 30-kilometre overhead line and a 50-km underground corridor, has been designed to operate within the constraints of a densely built urban environment, AESL said in a statement . It also features the world's first compact HVDC (high-voltage direct current) substation. At its core, the link enables Mumbai and the MMR to draw more electricity from outside the city, including renewable energy generated in other regions, according to a statement. The additional 1,000 MW of capacity helps reduce reliance on in-city generation, improves grid resilience, and lowers the risk of large-scale outages. The project deployed Voltage Source Converter (VSC)-based HVDC technology. It also offers key operational benefits, including dynamic voltage supp

Dharavi Sector-6 set for rehab work as DRP seeks residents' support

DRP has asked Sector-6 residents in Dharavi to vacate tenements ahead of monsoon to enable timely rehabilitation construction, offering transit housing, rent support and modern homes

US opposes Adani push to shift cargo carriers to new Mumbai airport

US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd.'s push to relocate freighters violates the bilateral Air Transport Agreement

Vedanta flags lower Adani bid for JAL, alleges opaque CoC process at NCLAT

Vedanta challenges Adani Group's JAL resolution plan in NCLAT, alleging lower bid value than liquidation and lack of transparency in creditor decision-making

Vedanta questions evaluation metrics behind selection of Adani bid for JAL

Mining giant Vedanta Group on Friday questioned the evaluation metrics adopted by lenders of Jaiprakash Associates Ltd (JAL), which had selected the lower bid of Rs 3,400 crore from Adani Enterprises for the debt-ridden company. During proceedings of the insolvency appellate tribunal National Company Law Appellate Tribunal (NCLAT), the counsel representing Vedanta Ltd said the "valuation in the process has been used to wipe out commercial wisdom" by the committee of creditors (CoC). Pointing towards the evaluation matrix used by the CoC, senior advocate Abhijeet Sinha asked whether it was used "to achieve value maximisation or is it being used for some other purpose". He submitted that the evaluation matrix, RFRP (request for resolution plan) and process note relied upon by the CoC are merely guiding tools and cannot override the core objective of the insolvency framework, which is maximisation of value. Contending that Vedanta's bid was Rs 3,400 crore higher in gross value and Rs

Adani Group to invest ₹33,081 crore in Odisha across three projects

Adani Group will invest Rs 33,081 crore in Odisha across power, cement and data infrastructure projects, creating nearly 10,000 jobs and supporting the state's long-term economic growth plans

US court accepts Adani's plea seeking dismissal of SEC fraud case

The US SEC sued Gautam Adani and his nephew Sagar Adani in November 2024, alleging they misled investors by failing to disclose an alleged bribery scheme involving Indian state officials

Adani seeks dismissal of US SEC fraud case, cites lack of jurisdiction

Lawyers for the Indian billionaire and his nephew Sagar said in a letter to a federal judge that they will formally seek to dismiss the case by the end of the month

Moving to three-layer structure to flatten hierarchy, says Gautam Adani

Gautam Adani says group is redesigning structure to boost agility and decision-making, while APSEZ targets 1 billion tonnes cargo handling by 2030

APSEZ handles 500 MT cargo in FY26, eyes 1 billion tonnes by 2030

Adani Ports handled 500 million tonnes of cargo in FY26, up 11.1 per cent year-on-year, and reaffirmed its target of reaching 1 billion tonnes by 2030

Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

Diversify and grow: Indian businesses expand beyond home turf, face risks

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

Adani Defence hands over first batch of 2,000 'Prahar' LMGs to Indian Army

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

NCLAT allows Adani JAL plan to proceed, denies relief to Vedanta

NCLAT allowed Adani Enterprises' JAL resolution plan to proceed while refusing interim relief to Vedanta, with execution subject to final outcome of the appeal