Page 41 - Adani Group

World's largest sovereign wealth fund excludes Adani Ports & SEZ

This comes at a time when the group is in the middle of controversies regarding alleged malpractices in corporate governance last year

Adani group stocks in focus; Power, Enterprises, Total Gas rally up to 8%

Adani Enterprises, the group's flagship firm, plans to spend Rs 80,000 crore across businesses in the current financial year, according to reports

M&A activity: Deals fell 60% in April to $5.19 bn despite more transactions

The overall deal activity by value declined by a sharp 60 per cent to USD 5.192 billion in April as compared to the preceding March's USD 12.934 billion, a report said on Monday. This was despite a 24 per cent increase in the number of deals at 176 during the month, the report by a consultancy firm said. The highest decline by value was in the merger and acquisitions transactions, which came down 75 per cent to USD 2.526 billion when compared with USD 10.212 billion in March, while the private equity transactions by value were marginally down at USD 2.666 billion, the report by Grant Thornton Bharat said. Within the broader M&A, the decline was sharpest in outbound deals that plummeted to USD 24 million as against USD 9.072 billion a month ago, it said. The Adani group's 8 per cent stake increase in Ambuja Cement and ACC for a cumulative USD 1.8 billion in two transactions was the highest M&A activity of the month, it said. "The deal outlook for 2024 continues to remain ...

How to trade Ambani, Adani stocks before Lok Sabha election outcome?

Caution advised at Ambani and Adani group stocks, as Reliance, Jio Fin, Adani Enterprises and Adani Ports trade at key support levels, show technical charts.

India Inc 'surprised' at PM Modi's Adani-Ambani jibe at Rahul Gandhi

Stock market participants say the PM was just pointing to a conspicuous silence regarding big businesses on the part of Opposition parties

Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit

The conglomerate is regaining the confidence of investors since being targeted early last year by US short seller Hindenburg Research

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

AEL, Adani Ports: Trading strategies in Adani Group stocks post Q4 results

Adani Group stocks technical outlook; Adani Enterprises, ACC and NDTV seem negative on the charts, while Adani Ports, Adani Green and Ambuja Cements hold promise. Other Adani stocks seen range-bound.

Adani Ports to invest in Philippines, eyes Bataan for port development

Adani Ports and Special Economic Zone Limited (APSEZ) is eyeing Bataan to establish a 25-meter-deep port capable of accommodating Panamax vessels

Adani Group stocks see little impact of Sebi notices on disclosure norms

Six group firms say they have received notices; legal experts say allegations don't seem to be very serious

Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms

Six Adani Group firms face Sebi scrutiny for alleged breaches in related party transactions and listing regulations

Adani Energy Solutions arm to acquire 100% stake in Pointleap Projects

Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a subsidiary of Adani Energy Solutions Ltd (AESL). "AEML today executed Share Purchase Agreement (SPA) with Windson Projects LLP (WPLLP) for acquiring 100 per cent equity shares of PPPL," AESL said in a regulatory filing. The acquisition is expected to be completed within 4-5 working days from the execution date of SPA, it said.

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore

The company announced an interim dividend of Rs 1.3 per share

Adani Ports Q4 results: Net Profit jumps 76% to Rs 2,040 cr, revenue up 19%

Adani Ports Q4FY24 results: The board of Adani Ports and Special Economic Zone has recommended a dividend Rs 6 per equity share of Rs 2 each fully paid-up for the financial year 2023-24

Adani Energy Solutions' Q4 result: Net profit declines 13% to Rs 381 cr

Adani Energy Solutions Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated net profit to Rs 381.29 crore during the quarter ended March 2024 on account of increased expenses. Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing. For the whole Financial Year (FY) 24, the company reported a net profit of Rs 1195.61 crore, down from Rs 1280.60 crore in FY 23. During the fourth quarter, the company's total income surged to Rs 4,855.18 crore from Rs 3,494.84 crore a year ago. The income in FY 24 was at Rs 17,218.31 crore as against Rs 13,840.46 crore in FY 23. The expenses were Rs 4,358.83 crore in the period under review, as against Rs 3,200.50 crore in the year-ago period. In FY 24, the expenses rose to Rs 14,978.74 crore from Rs 13,164.32 crore in the preceding financial year. In a separate statement, the company said its revenues witnessed a double-digit growth

Adani Total Gas Q4 results: Profit rises 59% to Rs 165 cr, revenue up at 5%

Adani Total Gas Ltd, the city gas retailing joint venture of Adani group and TotalEnergies of France, on Tuesday reported a 59 per cent rise in March quarter net profit on the back of a surge in CNG sales volumes. The company posted a net profit of Rs 165 crore in the January-March period as against Rs 104 crore in the same period a year back, the company said in a statement. The firm, which retails CNG to automobiles and pipes natural gas to household kitchen for cooking purpose, saw a revenue increase of 5 per cent to Rs 1,257 crore while EBITDA surged 49 per cent to Rs 305 crore the quarter. CNG sales rose 20 per cent to 149 million standard cubic metres and piped natural gas sales were up 15 per cent to 83 mmscm. For the full fiscal year, the company reported a net profit of Rs 653 crore on a revenue of Rs 4,813 crore. This compared with Rs 530 crore net profit on a revenue of Rs 4,683 crore in 2022-23. ATGL said it added 91 new CNG stations to take the strength to 547 across

Q4FY24: Indian Oil, REC, Havells India among 56 firms to post results today

Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results

Sensex, Nifty eye new highs; All you need to know before mkt opens April 30

Pre-market update Tuesday, April 30: Q4 earnings, US Fed decision, global markets to dictate market trend today. Adani shares likely to be in limelight.

AdaniConneX secures $1.4 bn to power its digital eco-friendly plans

The equal joint venture between Adani Enterprises and EdgeConneX plans to build 1 GW data centred

APSEZ's Vizhinjam Port gets nod to run as India's first transshipment hub

In December 2015, Adani Ports and Special Economic Zone Limited (APSEZ) initiated the international transshipment project in Vizhinjam, Kerala