Page 37 - Adani Group

Adani promoters raised stakes in 5 listed group companies in first quarter

Adani Energy Solutions, Adani Green Energy, and Adani Power saw a hike in promoter holdings between 96 bps and 173 bps

Thiruvananthapuram Airport witnesses 21% surge in passenger traffic

Thiruvananthapuram International Airport (TRV) has witnessed a record-breaking increase in passenger traffic in Q1 FY2024-25, with over 1.26 million passengers travelling through the airport. "This represents a 21 per cent growth compared to Q1 2023-24, when 1.038 million passengers were recorded. TRV now processes over 400,000 passengers monthly. Of the total passengers, 661,000 were domestic, while 598,000 travelled internationally," a TRV release said on Wednesday. To accommodate this growth, TRV has enhanced its infrastructure, adding three new check-in counters at the domestic terminal to streamline the check-in process, it said. Plans are underway to further upgrade facilities, ensuring a seamless travel experience as passenger numbers and airline operations continue to rise, the release said. The airport is managed by Adani Airport Holdings Limited (AAHL), a subsidiary of Adani Enterprises, the flagship company of the globally diversified Adani Group. The release further sa

Adani, Wilmar considering to sell $670 million stake in joint venture

Shares of Adani Wilmar have slid 6.8% this year, valuing the company at about $5.1 billion

Mumbai airport passenger traffic rises 7.7% in first quarter of FY24

The rise in passenger traffic comes during major holiday months when people travel during the summer season in India

Adani Group eyes Jaypee Group's cement assets amid insolvency proceedings

Adani Group's cement arm, which includes ACC and Ambuja Cement holding, is India's second-largest cement producer

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra dismissed the review plea filed by one of the PIL petitioners, Anamika Jaiswal, against the January 3 verdict. "Having perused the review petition, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed, the bench said in its order of May 5. The review petition was considered by the judges in chamber. In a significant win for the Adani Group, the top court, on January 3, declined to order a CBI or SIT probe. In its judgment, the apex court had said market regulator SEBI was conducting a "comprehensive investigation" into the allegation

Adani group's Vizhinjam port to see up to Rs 20K crore investment

Adani Ports to put in Rs 10K cr, may complete Phase-I in Sep, all phases by 2028

Adani Ports aims to complete phase one of long-delayed port by year-end

Adani Ports, a part of billionaire Gautam Adani's ports-to-power conglomerate, aimed to start operations at the port in the state of Kerala in 2018 but faced delays due to land acquisition issues

Adani Ports planning to invest $1.2 bn in new transshipment terminal

Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo's final destination

Adani Wilmar to buy 67% stake in Omkar Chemicals, aims to expand footprint

AWL expects to close the deal in three to four months and it doesn't need government or regulatory approvals, it said in its filing

Adani Group's Vizhinjam Port welcomes first mothership: What this means?

The 'San Fernando' container ship, which is 300 metres long and 48 metres wide, will offload about 1,900 containers at the port on Friday

New harbour of hope: Country's first transshipment port sets sail

Adani Group's Vizhinjam International Seaport, the country's first semi-automated container port, is poised to receive its first container vessel from Maersk

SC stays Guj HC order to take back 108 ha of land given to Adani Group

APSEZ had challenged the Gujarat High Court's Friday order to return 108 hectares of 'gauchar' (grazing) land to farmers

Gautam Adani to start shipbuilding at Mundra port amid global demand surge

The Adani Group's undisclosed shipbuilding initiative is embedded within Mundra Port's Rs 45,000 crore expansion plan, recently cleared by environmental authorities

Cement sector sees muted growth of 2-3% in Q1FY25 due to LS polls: ICRA

The cement sector has witnessed a muted growth of 2-3 per cent in the first quarter of current fiscal on account of a slowdown in construction activity because of the Lok Sabha polls, according to a report from rating agency Icra. However, the overall volumes for the FY2024-25 are likely to expand by 7-8 per cent driven by a healthy demand from the infrastructure and housing sectors. "Nevertheless, the government's focus on infrastructure projects, sanction of additional houses under the Pradhan Mantri Awas Yojana (PMAY), and the industrial capex is expected to meaningfully improve cement volume offtake in H2 FY2025," it said. The report also projects further consolidation in the cement industry by the top players to increase their capacity. The sector has witnessed consolidation by leading players such as Aditya Birla group firm UltraTech Cement and Adani group firm Ambuja Cements. Besides, the sector is also expected to continue its organic growth in the medium term as makers ..

Adani group stocks fall; ACC down 3%, Adani Ent slips 1.5%

Other Adani Group entities also saw losses, which include Adani Green 0.45 per cent, Adani Energy Solutions 0.62 per cent, Adani Total Gas 0.53 per cent and Adani Wilmar 0.46 per cent

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Hindenburg receives show cause notice from Sebi over Adani issue

The short seller alleges 'surreptitious aid' to Adani Group by Sebi

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say

Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%

Sebi slapped 'show cause' notice to Hindenburg; Adani Total Gas, Adani Energy Solutions, New Delhi Television and Adani Wilmar were up in the range of 1 per cent to 2 per cent.