Page 11 - Adani Group

Adani considers entering airport ground handling bids after Celebi's exit

Celebi operated at nine airports in India, including gateway facilities in capital New Delhi and the commercial hub of Mumbai. Its operations were halted after Turkey voiced support for Pak

Adani Group stocks slide on reports of US probe into Iranian LPG trade

Adani Group shares came under pressure on reports of a US probe into alleged Iranian LPG imports in violation of sanctions

Adani Group denies sanctions evasion, Iran LPG trade amid US probe: Report

The US authorities are probing whether Adani's firms brought Iranian liquefied petroleum gas (LPG) into India via the Mundra port, which his company operates

Adani Group stood firm amid scrutiny, now more formidable: Gautam Adani

Despite facing consecutive acquisitions and intense scrutiny, Adani Group never backed down and instead adapted its strategy, emerging more resilient, formidable and unbreakable, its chairman Gautam Adani said. The conglomerate will invest USD 15-20 billion over the next five years across businesses, he said touting its strong balance sheet and robust business growth. In January 2023, US short seller Hindenburg Research published a scathing report describing Adani Group as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over USD 150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. Just as the group scripted a comeback through a mix of trimming of debt, cutting back on the founder's pledged shares, bringing in both promoter and marquee investor equity, and refocusing attention on the group's core businesses, it was hit by US authorities charging Adani and his close associates

Adani Group outlines transport network in rebuild of Mumbai's Dharavi slum

A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports

Adani commits $15-20 billion annual capex over the next five years

Gautam Adani pledges $15-20 billion in yearly investments over five years, asserting global governance standards as US probes Adani Green's compliance

Adani Energy Solutions bags ₹1,600 cr transmission project in Maharashtra

The project will evacuate 1.5 GW of green power from Raigad and boost AESL's network capacity to over 93,000 MVA and 26,000 circuit kilometres

Adani's Mumbai airport faces backlash from IndiGo, Air India over deposits

A source with direct knowledge of the matter said the new policy would require the two airlines to make deposits of about 2 billion rupees ($23 million), taken together

Lokpal dismisses all complaints against former Sebi chief Madhabi Puri Buch

Lokpal has dismissed complaints against former Sebi chief Madhabi Puri Buch, calling the Hindenburg-linked allegations speculative, unsubstantiated, and lacking any verifiable evidence

'Adani Ports planning return to local debt market after 17 months hiatus'

The company is set to raise as much as Rs 5,000 crore ($583.57 million) through the sale of bonds maturing in 15 years

This smallcap infra stock zooms 50% thus far in May; hits record high

ITD Cementation India hit a record high of ₹725.90, surging 9.4% on the BSE in Monday's intra-day trade; surpassing its previous high of ₹694.45 touched on October 4, 2024.

Adani eyes DPIL stake to tighten vendor control, boost infra capex plans

Adani Group is in talks to acquire a stake in Diamond Power Infra Ltd as part of a strategy to tighten vendor control and support its ₹1.45 trillion capex push; deal likely in 60 days

Reliance to invest ₹75,000 cr, Adani Group ₹50,000 cr in Northeast region

At the Rising Northeast Investors Summit, Mukesh Ambani and Gautam Adani announced major investments focusing on energy, infrastructure, jobs, and AI-driven growth across the Northeast region

Adani Group FY25 ebitda up 8.2% at Rs 89,806 cr, infra sectors drive growth

Adani Group posted an 8.2% rise in FY25 EBITDA to ₹89,806 crore, with strong growth in core infra sectors, record capex and a marked decline in leverage metrics

Adani Green Energy operational RE capacity increases to 14,528.4 MW

Adani Green Energy Ltd (AGEL) on Wednesday said its total operational renewable generation capacity has increased to 14,528.4 MW. Adani Renewable Energy Fifty Seven Ltd, a wholly-owned step down subsidiary of the company, has operationalised an incremental solar power project of 187.5 MW at Khavda, Gujarat. With operationalisation of this plant, AGEL's total operational renewable energy generation capacity has increased to 14,528.4 MW, the company said in a filing. Based on the relevant clearances, it was decided at 8.11 a.m. on May 21, 2025 to operationalise the plant from May 22, 2025.

Sebi threatens two offshore funds holding Adani Group shares with penalties

Indian regulations require that at least 25% of the shares of listed companies be held by public shareholders

Adani partners with Sparton to develop anti-submarine warfare system

The alliance aims to manufacture advanced ASW and sonar systems for India and global markets, making Adani the first Indian private firm with indigenous sonobuoy capability

MIAL drops plan to reduce passenger flight slots, halt cargo operations

Aviation ministry intervened after protest from airlines, cargo operators

ITD Cementation surges 14%, nears record high post Q4 results, order wins

ITD Cementation's consolidated order book stood at Rs 18,300 crore and the company secured orders worth over Rs 7,100 crore in FY25, as of March 31, 2025.

Adani Group deploys India's 1st hydrogen-powered truck for mining logistics

The truck comprises three tanks that can carry 40 tonnes of cargo for 200 kms of range, will be used to transport coal from Chhattisgarh's Gare Pelma III Block to the state's power plant