Page 33 - Adani Group

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

Adani's Ambuja to acquire 46.8% stake in Orient Cement for Rs 8,100 cr

Adani pips Ultratech, makes open offer for CK Birla firm at Rs 395.40 a share

Adani Energy gets Sebi notice for alleged misclassification of shareholding

Adani Energy Solutions also stated that there were no other pending regulatory proceedings against the company except for the two show-cause notices

Adani Energy Solutions Q2 results: Net profit jumps three-fold to Rs 773 cr

Adani Energy Solutions Ltd on Tuesday posted a nearly 3-fold jump in its consolidated net profit to Rs 773.39 crore in the September quarter, mainly on the back of higher revenues. The consolidated net profit of the company stood at Rs 284.09 crore in the quarter ended on September 30, 2023, according to a regulatory filing. Its total income surged to Rs 6,359.80 crore during the period under review against Rs 3,766.46 crore in the same quarter a year ago.

Key deals in India's cement sector since Adani Group's entry in 2022

A company tribunal approved Sagar Cements' $9.20 billion bid to take over Jaypee Group-owned Andhra Cements

Supreme Court upholds AERA powers in setback to GMR, Adani groups

The court has overturned the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order and listed the matter to be heard on merits

BHIVE leases over 900-seater office flex space to Nuvama at Mumbai's BKC

The deal, facilitated by real estate consultancy Colliers, consolidates Nuvama's workforce

Mahayuti govt has spent its last days bestowing gifts on Adani Group: Cong

The Congress on Tuesday claimed that the Mahayuti government in Maharashtra knows it is not coming back to power and has spent its last few days allegedly bestowing "gifts" on the Adani group at the expense of the people of Mumbai and the state. Ahead of the announcement of the Maharashtra Assembly polls schedule, Congress general secretary in-charge communications Jairam Ramesh said the instructions from the top are clear -- "the Mahayuti's electoral future is bleak, but before it loses power, it must safeguard Modani's financial future". "The ECI is expected to announce the Maharashtra Assembly Elections today at 3:30 PM. A desperate Mahayuti knowing it is not coming back to power has spent its last few days bestowing gifts to Modani at the expense of the people of Mumbai and Maharashtra," Ramesh said in a post on X. Listing the alleged favours to the conglomerate, Ramesh said, "September 15 2024: Modani wins energy contract to supply 6,600 MW power to Maharashtra at inflated ...

Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr

Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. In two separate BSE filings, AESL stated that on October 14, 2024 it executed share purchase agreements with PFC Consulting Ltd (PFCCL) for acquiring 100 per cent equity shares of Jamnagar Transmission Ltd and Navinal Transmission Ltd. PFCCL, a subsidiary of Power Finance Corporation, received a cash consideration of Rs 19,28,48,589 for JTL and Rs 19,14,40,997 for NTL. Jamnagar Transmission Ltd (JTL) is established for the development of network expansion scheme in Gujarat for drawl of about 3.6 GW load under Phase-I in Jamnagar area. Navinal Transmission Ltd (NTL) aims drawl of up to 4.5 GW load in Mundra area of Gujarat from bulk consumers/ distribution licensee and green hydrogen.

Adani Energy signs pact to operate electricity transmission lines in Kenya

Indian billionaire Gautam Adani-led conglomerate has signed a pact to build and operate key electricity transmission lines in Kenya for 30 years, the African nation's Cabinet Secretary for Energy Opiyo Wandayi said. Adani Energy Solutions Ltd signed a project agreement with the Kenya Electricity Transmission Company Ltd (Ketraco). "This agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya," he said in a press statement. Kenya faces persistent power blackouts and the projects awarded to Adani are to upgrade the country's transmission infrastructure to ensure reliable power. "As part of this infrastructure development, the project company (AESL) will raise all the funding in the form of debt and equity that will be repaid over the 30-year period of the project agreement," he said. "The project cost, that is currently estimated at Kenyan shilling 95.68 billion (USD 736 ...

Adani Enterprises raises $500 million via share sale to insurance, MF firms

Adani Enterprises in May approved raising up to $2 billion through modes including a so-called QIP method used by listed Indian companies to raise funds from large institutions

Adani Airport Holdings teams up with Thales for cloud-based solutions

Adani Airport Holdings (AAHL) and Thales have joined hands for the implementation of cloud-based solutions at AAHL managed airports in India for streamlining the operations

Adani Group plans 10 GW overseas hydroelectric projects over next few yrs

While the group is mostly focussed on building pumped hydro storage in India, it is drawn to countries that have favourable topography and demand for hydropower

Adani group seeks $1 bn funding from sovereign fund for airport expansion

Adani Enterprises launched a qualified institutional placement (QIP) aiming to raise up to Rs 4,200 crore ($500 million), lower than planned due to market fluctuations

Adani Enterprises declines 3% after launching Rs 16,000-crore QIP issue

The company's board had approved a total fundraising of Rs 16,600 crore by the way of QIP or other modes in one or more tranches, on May 23, 2024.

Adani Group stocks in focus; Energy Solutions, AEL rally up to 6%

Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.

Major cement firms compete to acquire HeidelbergCement India's stake

The German building materials company Heidelberg Materials AG holds a 69.39 per cent stake in its Indian subsidiary, which, at current market rates, is valued at approximately Rs 3,437 crore

Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion

The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement