Page 28 - Adani Group

Rs 1 trillion airport capex plan for 5 years: AAHL director Jeet Adani

Jeet Adani outlined his vision for the airports business that's expected to attract investments of around Rs 1 trillion over the next few years

Cooling solutions as a service hots up as Tata, Adani make the switch

In FY24, erstwhile Adani Transmission changed its name to Adani Energy Solutions (AESL) to reflect its focus on selling cooling solutions

India's Adani Group to invest $10 billion in US energy following Trump win

The billionaire announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win

Gautam Adani hosts European leaders on tour to Khavda, Mundra projects

Industrialist Gautam Adani said that it was a privilege to host the leaders and shared insights from their discussion on sustainability and partnership

MSCI skips Adani Energy's inclusion in Nov rebalancing; share price down 9%

MSCI index rebalancing: Adani Energy Solutions has been issued a show cause notice by the Securities Exchange Board of India (Sebi) for potential wrongful categorisation of shareholding

Bangladesh fast tracks payment to Adani Power ahead of November 7 deadline

The Gautam Adani-owned company reduced the power supply to Bangladesh to 700-800 MW this month, nearly half than earlier, after failing to secure its dues of $846 million

2 Adani cos sign pacts with MSEDCL to supply 6,500 MW power to Maharashtra

Two Adani Group firms -- Adani Power and Adani Renewable Energy Fifty Five Limited -- will supply about 6,500 MW of power to Maharashtra State Electricity Distribution Company as part of agreements. In a regulatory filing, Adani Power Ltd said it has signed an agreement with Maharashtra State Electricity Distribution Company to supply nearly 1,500 MW of power. "Adani Power Limited has entered into a Power Supply Agreement (PSA) for supply of 1,496 MW (net) for a period of 25 years with the Maharashtra State Electricity Distribution Company Limited (MSEDCL)," it said. In a separate filing, Adani Green Energy Ltd (AGEL) said its wholly-owned step-down subsidiary Adani Renewable Energy Fifty Five Limited has entered into power purchase agreements with MSEDCL for supply of 5,000 MW of solar power.

Adani Group's mcap surges by over Rs 39k cr amidst renewed Oppn attack

Adani Group's market cap surges by over Rs 39K cr amidst renewed opposition attack

Adani Enterprises Q2FY25 results: Profit zooms 664% to Rs 1,742 cr

Expenses grew by eight per cent to Rs 20,787.29 crore from a year ago, with finance costs dipping 32 per cent to Rs 909.83 crore from a year ago

CM Naidu meets Adani Group delegation to discuss investment opportunities

Discussions covered projects with the potential to drive comprehensive growth across the state in key sectors

Increased pace of capex will help achieve targeted growth: Adani Cement CEO

The pace of capex (capital expenditure) has increased, which will help Adani Cement "achieve targeted growth ahead of time", said Adani Group Cement Business CEO Ajay Kapur in an investors' call on Monday. The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28. "Adani Cement will benefit from accelerated growth, lower costs and good synergies, all of which will contribute to leading the market and achieving sustainable performance in the near future. The pace of capex has increased, which will help to achieve targeted growth ahead of time," said Kapur. Ambuja Cement, part of Adani Group, which houses all cement assets, is a debt-free company and as of September 2024, cash and cash equivalent for the company was at Rs 10,135 crore, said Kapur. "During H1, approximately Rs 14,700 crore has been utilised, out of which Rs 12,350 crore has been spent on organic and inorganic ..

Adani Power Q2 results: Net profit declines 50% to Rs 3,297.52 crore

Adani Power on Monday reported a 50 per cent decline in its consolidated net profit to Rs 3,297.52 crore in the September quarter compared to a year ago, mainly due to lower income as well as higher taxes. The company had posted a consolidated net profit of Rs 6,594.17 crore in the quarter ended September 2023, a BSE filing stated. The company explained that there were lower one-time revenue recognition of prior period items of Rs 1,020 crore in the first half of FY25 (April-September 2024) as compared to Rs 9,278 crore in H1 FY24, following the resolution of all major regulatory matters and realisation of outstanding dues from discoms (power distribution companies) in the previous year. It also stated that the one-time prior period revenue recognition in Q2 FY25 (July-September 2024) was Rs 598 crore, as compared to Rs 2,781 crore in Q2 FY24. The company had higher tax expenses, including deferred tax charge totalling to Rs 1,829 crore in H1 FY25, whereas H1 FY24 had recognition o

Ambuja Cements rivals UltraTech in limestone reserves via acquisitions

Gap in the two competitors' reserves is narrower than that in manufacturing capacities

Adani group's Dubai-based firm to buy ITD Cementation for Rs 3,204 cr

With this transaction at Rs 400 a share, the present promoter Italian-Thai Development Public Company will cease to be a promoter of the company and Adani group's Dubai-based firm

Bids for KSK Mahanadi Power skyrocket post Adani Group's Rs 12,500 cr offer

Adani Group's Rs 12,500 crore bid to acquire KSK Mahanadi Power has prompted other bidders to revise their offers upwards, and the final number could be much higher, according to sources. Following the implementation of the Committee of Creditors (CoC) Challenge Mechanism, lenders to the distressed power plant are now hopeful of a full recovery from the non-performing asset, an extremely rare feat in IBC proceedings. Sources within the Insolvency and Bankruptcy Code (IBC) framework have credited Adani's initial high bid of Rs 12,500 crore, which was 62 per cent or Rs 4,800 crore higher than the second bidder for reigniting interest in KSK Mahanadi. Six of the original ten bidders, including NTPC, have now submitted revised offers close to Adani's bid, demonstrating strong competition and driving up the asset's value. This reflects the IBC's emphasis on value maximisation, industry insiders noted. Adani's competitive bid, which aggregates to Rs 27,000 crore when combined with KSK ..

Demand to take hit in Q3 due to rise in price of edible oils: Adani Wilmar

After announcing its July-Sept quarter results, Angshu Mallick, MD and CEO, and Shrikant Kanhere, CFO, spoke to Sharleen D'Souza in an exclusive interview

Adani's Kutch Copper, BHP eyeing Rs 30,000 cr copper supply deal: Report

The potential supply agreement could be worth approximately Rs 30,000 crore per year, based on current market prices, which are subject to change

Adani Total Gas Q2FY25 results: Net profit jumps 7.5% to Rs 187 cr

The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5 per cent to Rs 187 crore in the three months ended Sept. 30

Adani Wilmar Q2 results: Net profit rises to Rs 311 cr on higher revenue

Edible oil firm Adani Wilmar Ltd on Thursday reported a consolidated net profit of Rs 311.02 crore for the second quarter of this fiscal year on higher income. The company had posted a net loss of Rs 130.73 crore in the year-ago period. Its total income rose to Rs 14,565.30 crore during the July-September period of this fiscal from Rs 12,331.20 crore in the year-ago period, according to a regulatory filing. Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar. Adani Wilmar sells edible oils and other food items under various brands, including Fortune.

Two units of Adani Road Transport accept bids for Rs 1,125 cr bond issue

Mancherial Repallewada Road and Suryapet Khammam Road accepted bids worth Rs 237 crore and Rs 282 crore