Page 143 - Adani Group

BASF pauses plan to set up $4 bn chemical complex in Gujarat with Adani

The project study comprised a world-scale propane dehydrogenation plant, a polypropylene (PP) production and an acrylics value chain complex

Adani Transmission posts 7% fall in net profit at Rs 214 cr in Q2

Adani Transmission Ltd (ATL) on Thursday posted about 7 per cent fall in consolidated net profit at Rs 214.13 crore for September quarter 2020-21, mainly on account of reduced income. In the year-ago period, the net profit was Rs 230.43 crore, the company said in a BSE filing. Total income during July-September reducedto Rs 2,306.45 crore from Rs 2,638.32 crore a year ago. Total expenses were at Rs 2,044.13 crore as against Rs 2,300.51 crore in the year-ago period. There is abundant potential for increased growth in India's transmission sector in the coming years. We are spearheading our energies and efforts towards providing reliable power supply across the nation. "With the government's core objective of 24x7 power for all, considering anticipated growth and demand for power in major parts of the country, ATL is committed to deliver continuous growth and is helping in strengthening the transmission network across the nation," Gautam Adani, Chairman, Adani Group, said in a ...

BS READS: How Kerala shot itself in foot in battle with Adani for Trivandrum airport

The state govt made allegations it couldn't substantiate and drew parallels that were summarily dismissed while seeking to cancel Adani's contract

Adani to own 1st coal mine in India, bids inch up on Day 2 of auctions

Places highest closing bid for Dhirauli mine in MP, edging out the only other bidder Hindalco Industries; The only other mine it owns is Carmichael in Australia

Adani Group frontrunner for developing Sri Lanka's port terminal: Report

Adani Ports and Special Economic Zone and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold majority stake in the project

AAI hands over Lucknow airport to Adani group on lease for 50 years

The Airports Authority of India (AAI) on Sunday midnight handed over the Lucknow airport to the Adani group on lease for a period of 50 years. The AAI had handed over the Mangaluru airport to the group on October 30 midnight. The central government in February 2019 privatised six major airports of the country -- Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. After a competitive bidding process, the Adani group won the rights to run all of them for 50 years. "On November 2, 2020, at 00:00 midnight, AAI's senior officials exchanged Memorandum & handed over Lucknow Airport @aailkoapt to @AdaniOnline," the AAI said on Twitter. "Shri A.K Sharma, APD (Airport Director), Lucknow exchanged symbolic key in accordance with concession agreement & future development," it added. The AAI had signed concession agreements with the Adani group on February 14 for operations, management and development of the Mangaluru, Lucknow and Ahmedabad airports. On October 22, the

Adani, Hiranandani groups to invest Rs 10,000 crore in UP data centres

Earlier, Hiranandani Group had undertaken data centre projects in Mumbai, Chennai, and Hyderabad

India's new Mundra LNG terminal ramps up utilisation as demand rises

The terminal is currently connected to Anjar in southern Kutch -- which is about 40 kilometres away from Kandla port -- through a gas pipeline that has a diameter of 32-inches

Kerala HC dismisses govt's plea against Trivandrum airport lease to Adani

The Kerala government suffered a big setback on Monday after the High Court dismissed their plea against Centre's move to lease out the Thiruvananthapuram international airport to Adani Enterprises.

Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL

Oaktree bids for entire company, Piramal for retail loan book

Adani Green transfers 205 MW solar assets to JV with Total for Rs 1,632 cr

Adani Green Energy Ltd (AGEL) on Thursday said it has transferred 205 MW solar assets to its JV business with French energy major Total SA for about Rs 1,632 crore

DHFL lenders brace for haircut after foreign bidders back out of race

Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio

Adani's acquisition of Mumbai Airport from GVK gets CCI green signal

The Competition Commission has approved Adani Group's proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route

Carmichael project created 1,500 jobs, awarded $1.09 bn in contracts: Adani

The company said construction of the railway line and mine was set to continue through 2021 and it was expecting to generate more direct jobs

Adani Green Energy's market valuation crosses Rs 1 trillion mark

The company is also Adani Group's most valued firm in terms of market valuation

BS Reads: 1 in 4 flyers in India to land or take off from an Adani airport

While questions may arise over the dominance of a single corporate group in running airports, it pretty much fits into the govt's plan to exit this space and earn revenue without working for it

Six out of top 10 infrastructure companies struggling to stay afloat

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Adani to integrate smaller airports with Mumbai, play hub-and-spoke game

Gautam Adani says the company will bid for upcoming second airports built across cities

Adani becomes infra juggernaut, but debt exposure remains a risk

With the buyout of GVK's stake in Mumbai airports, the Gujarat-based group's presence in infrastructure is unmatched by any player, even globally, but debt exposure remains a risk

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table