Page 32 - Adani Group

Adani Group to develop multipurpose berth at Gujarat's Kandla Port

The development will add a capacity of 5.7 MMT to the port operator's existing capacity of 580 MMT

Strike at Kenya's airport causing flight delays as Adani deal suspended

The biggest union of Kenya's aviation workers said they would take industrial action on Wednesday over a proposed deal for India's Adani Group to lease Jomo Kenyatta International Airport (JKIA)

Adani Airports launches 'aviio' to give passengers real-time access data

Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched 'aviio' digital platform to provide passengers real-time data on variety of airport accesses - from wait times to gate change and bags on belt. Aviio aspires to bring the aviation community together to collaborate and serve passengers better, a top official said. By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects, he said. With this path-breaking initiative, AAHL, a subsidiary of Adani group's flagship Adani Enterprises Ltd, aims to serve the aviation community and set new standards for airport operations management and passenger experience. With seven operational airports in its stable, and one more expected to go live during the middle of 2025, this platform for B2B services has been conceptualise

Adani seeks intervention on power supply dues in letter to Bangladesh Govt

Adani Power is said to have invested $2 billion in setting up the Godda power unit

Adani's foreign forays can threaten national security vis-a-vis China: Cong

Congress general secretary in-charge communications Jairam Ramesh also alleged that 'the non biological PM's clean chit to China'

Congress criticises Adani's China venture, warns of national security risks

The Congress' criticism comes amid reports that the Adani Group has formed a subsidiary in China to carry out the business of providing supply chain solutions and project management services

Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Adani Power has been supplying electricity to Bangladesh since June last year from its 1.6 GW coal-based plant in Jharkhand's Godda via a dedicated transmission line

Kenyan court suspends govt plan to allow Adani to operate main airport

The parties also argue that the $1.85 billion deal between the government and Adani Airport is unaffordable, threatens job losses, exposes the public disproportionately to fiscal risk

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

Tower-Adani Group fab proposal at appraisal stage under ISM: Meity

The proposal, however, is yet to be approved by the Ministry of Electronics and Information Technology (Meity) under the India Semiconductor Mission (ISM)

Adani floats subsidiary in China for providing project management services

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details. The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data center and water infrastructure businesses. "AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations. T

Hindenburg research: Sebi has lot to explain, says Cong over Mauritius FPIs

The Congress on Sunday said the SEBI investigation into "the Adani Group's brazen attempt" to bypass regulations is still languishing and the capital markets regulator has a lot to explain. Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms. "Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline," Ramesh said. Both the FPIs are alleged to be violating rules that require investors t

Maharashtra approves $ 10 bn semiconductor fab unit by Adani, Israeli firm

The project will have capacity to produce 80,000 wafers monthly and it will create 5,000, says Devendra Fadnavis

India to add trillion dollars to GDP every 18 months, says Gautam Adani

Addressing the students of Jai Hind College in Mumbai, Adani said post-independence, it took India 58 years to reach its first trillion dollars of GDP, 12 years for the next trillion, and just 5 years

Adani Group in talks with global banks to sell $1.5 billion of dollar bonds

Proceeds would be used to refinance project debt, according to people familiar with the plans, who requested anonymity to discuss private details

Adani Group plans Rs 40K cr fundraise from retail, HNI investors via NCDs

Adani group's recent corporate filings show that as of March 31, 2024, domestic lenders had an exposure of Rs 88,100 crore to various Adani Group entities through long-term and working capital loans

Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi

AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage airports, the statement said

Adani Power to boost Kawai plant capacity with Rs 18,000 crore investment

Adani Power plans to invest Rs 18,000 crore to expand its Kawai power plant in Rajasthan, boosting its capacity from 1,320 MW to 4,520 MW in two phases

Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits

Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch

Adani Green approves pacts for TotalEnergies' $444 mn investment in JV

This comes after the company and the French oil major had inked a $300 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal