Page 14 - Adani Group

Adani Energy Solutions Q4 results: Net profit rises 79% to ₹647.15 cr

The company said that the recovery of past regulatory asset charges was recorded at ₹221.23 crore, which was added to the revenue from operations

Cement firm ACC's net profit falls 20% to Rs 751 cr in Q4, revenue up 12.7%

The company's total expenses for the quarter stood at Rs 5,514.82 crore, up 13.11 per cent Y-o-Y

Adani Energy Solutions Q4 results: Net profit jumps 87% to ₹713 crore

Adani Energy Solutions Ltd (AESL) on Thursday reported an 87 per cent rise in consolidated net profit to Rs 713.66 crore in the March quarter, on higher income. It had posted a net profit of Rs 381.29 crore in the January-March period of preceding 2023-24 financial year, the company said in a regulatory filing. During the quarter, the company's total income surged to Rs 6,596.39 crore from Rs 4,855.18 crore in the same period a year ago. While expenses stood at Rs 5,411.60 crore against Rs 4,358.83 crore in the fourth quarter last fiscal. For the full FY25, AESL reported a net profit of Rs 921 crore, lower than Rs 1,195.61 crore in FY24. Total income rose to Rs 24,446.55 crore in the full fiscal, up from Rs 17,218.31 crore a year ago. AESL, part of Adani portfolio, is into power transmission, distribution, smart metering, and cooling solutions.

ACC Q4 profit dips 1.8% as rising costs offset strong sales growth

Its sales volumes rose 14% on-year, above the 5%-12% range estimated by at least three brokerages, and lifted overall revenue by 12% to 59.49 billion rupees

Adani Airport unit seeks $750 million loan from international banks

Adani Airport Holdings Ltd. manages seven major airports across India and is nearing the launch of a new $2 billion international hub on the outskirts of Mumbai

Breakout alert: This Adani group stock can gain 30%; buy or sell the rally?

Adani Power was seen testing resistance at its 200-DMA after more than six months. The stock needs to break above ₹610 for a likely fresh upside rally, suggests the technical chart.

Operation Zeppelin: The inside story of how Adani went after Hindenburg

Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War. In January 2023, Hindenburg published a scathing report describing the Adani Group, one of India's largest conglomerates, led by one of its richest men, 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. For a moment, it seemed like Gautam Adani's empire was on the brink. But that impression didn't last long. The group staged a swift comeback, deploying a mix of public relations, legal maneuvers, and strategic tactics to counter the fallo

Airtel to acquire 400 MHz spectrum from Adani Enterprises in 5G boost

Adani Data Networks secured the right to use 400 MHz of spectrum in the 26 GHz millimetre wave band in August 2022. However, the company never rolled out its 5G services

₹10,000 cr Adani township coming up near Navi Mumbai Airport. Details

Adani Realty is planning a 1,000-acre township project near Navi Mumbai Airport, inspired by its Shantigram model

Adani Green's solar project in Andhra Pradesh gets regulatory clarity

CERC has refused to intervene in the substitution of agreements issue, citing it does not fall in the purview of tariff regulations of the Electricity Act 2003

Dharavi: Review of survey documents of 70,000 tenements set to kick start

The survey is being conducted to determine the eligibility of the residents and businesses of Dharavi for rehabilitation, considering the redevelopment of the area

Adani Green Energy sees 30% surge in operational capacity in FY25

Adani Green Energy Ltd (AGEL) on Tuesday reported a 30 per cent year-on-year growth in its operational capacity to 14,243 megawatt in FY25. The operation capacity will increase further to over 15,000 megawatt (MW) with an additional 1,000 MW nearing its completion, AGEL said in an exchange filing. The company's operational capacity stood at 10,934 MW in 2023-24. Operational solar capacity increased to 10,103 MW from 7,393 MW in FY24, while wind capacity grew to 2,000 MW from 1,401 MW a year ago. The hybrid capacity remained unchanged at 2,140 MW. Energy sales increased to 27,969 million units (MUs) in FY25 from 21,878 MUs in FY24. The sale from solar projects increased to 16,738 MUs in FY25 against 11,046 MUs, while that of wind rose to 3,834 MUs compared to 3,188 MUs in FY24. Energy sales from hybrid also increased to 7,397 MUs from 7643 MUs in FY24.

CM Himanta discusses Rs 50K cr investment plans for Assam with Jeet Adani

Assam Chief Minister Himanta Biswa Sarma met Adani Group director Jeet Adani on Sunday and discussed the investments of Rs 50,000 crore proposed by the conglomerate during the state's business summit in February. Sarma said the state government was expecting that the proposals given by the Adani Group for investment in various sectors would become a reality soon. "During #AdvantageAssam2, the Adani Group made a Rs 50,000 cr investment commitment. Today along with my senior officers we had an in depth meeting with Mr Jeet Adani, Director of Adani Group, and his team to operationalise this commitment," he said in a post on X. "We expect the MoUs which we signed related to significant investments in developing an aero-city, hotels, cement plant and key infrastructure projects, will take off soon," he added. Adani Group Chairman Gautam Adani had announced that the conglomerate will invest Rs 50,000 crore across various sectors in the state, addressing the inaugural function of the ...

Adani Enterprises to launch world's largest copper smelter in four weeks

In the next four weeks, we're starting the largest metallurgical complex of copper and other metals in the world- Head of metals of firm said

BlackRock emerges as largest investor in Adani's $750 mn bond issue

Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the USD 750-million private bond issuance by the Adani Group. The US-based asset manager, overseeing USD 12 trillion in assets, has taken on one-third of the USD 750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the matter said. This investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice (DOJ) indictment in a bribery case in November last year. BlackRock's move marks its first private placement in India's infrastructure sector -- a segment the firm is increasingly bullish on. "Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy," BlackRock Chairman Larry Fink had stated in January 2024, following the company's USD 12.5-billion acquisition of Global Infrastructure Partners (GIP), a major player in ports,

Adani Ports begins operations at Colombo West International Terminal

The CWIT project represents an investment of $800 million and features a 1,400-metre quay length and 20-metre depth

Adani Group buys 1.1-acre plot in Mumbai's Carmichael Road for Rs 170 cr

According to registration documents sourced by CRE Matrix, Behram Nowrosji Gamadia, who inherited the property that goes back to the early part of the 20th century, sold the 4,500 sq m plot to Mah-Hil

Adani, Vedanta, Patanjali among 26 in fray to acquire Jaiprakash Associates

JAL has major real estate projects like Jaypee Greens in Greater Noida, a part of Jaypee Greens Wishtown in Noida (both on the outskirts of the national capital), and Jaypee International Sports City

Chile's Codelco to supply copper concentrate to Adani Group-owned smelter

The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad

Adani Power (Jharkhand) whole-time Director Ramesh Jha steps down

Ramesh Jha, Whole-time Director of Adani Power (Jharkhand) Ltd (APJL) has resigned, a BSE filing said. APJL is a material subsidiary of Adani Power Ltd. "Ramesh Jha, Whole-time Director of Adani Power (Jharkhand) Limited has resigned to continue his office as such with effect from the close of business hours on March 31, 2025," Adani Power said in the filing. Consequently, Jha ceases to be a Senior Management Personnel of Adani Power with effect from the close of business hours on March 31, 2025. In his resignation, he said "due to some personal reasons and certain other pre-occupations, I am not able to continue to hold office as a Director/Whole-time Director in APJL." Adani Power is the largest private thermal power producer in India.