Page 42 - Adani Group

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

ACC Q4 results: PAT grows over three-fold to Rs 749 crore, revenue up 13%

Revenue from operations rose nearly 13% to Rs 5398 crore, helped by a 22.4% rise in consolidated sales volumes

Changing complexion: Adani stocks now have prominent investor base

FPIs under question no longer have significant exposure to these stocks

Reliance tops India Involved Ranking; measures commitment to Vikasit Bharat

Reliance Industries has topped the India Involved Ranking 2023 that measures how India Inc is committed to Vikasit Bharat. The ranking and the index has been put together by Skoch, a leading Indian think-tank dealing with socio-economic issues and focusing on inclusive growth, after a six month-long study, analyzing a number of companies across 231 indicators to rank the top-20 corporates on comprehensive 'India Involved Ranking'. It is followed by Hindustan Unilever and Adani Group. Jio Platforms Limited topped the 'India Involved Ranking in Digital Transformation'. It is followed by Lupin and Heritage Foods. Hindustan Unilever topped India Involved Ranking in ESG, followed by Adani Group and Britannia. Bank of India topped India Involved Ranking in Corporate Excellence, followed by HDFC Life Insurance and Aditya Birla Health Insurance, according to a Skoch release. Reliance Industries has always followed its 'We Care' philosophy, which puts doing good before doing well. "We car

Explained: Sebi's probe into Adani Group and foreign portfolio investors

Sebi suspects some FPIs investing in Adani group companies might not be genuine public shareholders, but rather acting as proxies for the Adani promoters (owners)

12 offshore funds investing in Adani Group breached disclosure rules: Sebi

Sebi has issued notices to 12 offshore investors earlier this year associated with the Adani group, seeking clarification on the violations of disclosure requirements and investment limits

AdaniConneX in talks with banks to raise $900-950 mn in offshore loan

The funding arrangement entails an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and spans a duration of six years

Adani infuses Rs 8,339 crore in Ambuja Cements, raises stake to 70.3%

Billionaire Gautam Adani's family infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, to help the cement maker's manufacturing capacity. The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement. "The promoters of the company - Adani family - has fully subscribed to the warrants program in the company by further infusing Rs 8,339 crore, thereby infusing a total amount of Rs 20,000 crore," it said. The latest infusion raises the Adani family stake in Ambuja Cement by 3.6 per cent to 70.3 per cent. In all, its holding in Ambuja Cement has increased from 63.2 per cent to 70.3 per cent. The fund infusion will help Ambuja accelerate its growth ambitions to almost double its existing capacity to 140 million tonnes per annum by 2028 from 76.1 million tonnes

Zee removed from F&O; FPIs up holdings in 7 Adani group companies

Adani Ports & SEZ has seen the highest increase at 26 basis points (bps) to 14.98 per cent followed by Adani Wilmar and Adani Green at 12 bps each

Ambuja Cements to buy grinding unit in TN at a total value of Rs 413.75 cr

The acquisition will aid in enhancing the company's coastal footprint across southern markets of Tamil Nadu and Kerala