Page 47 - Adani Group

Adani Group to invest Rs 50,000 cr to set up data centre in Maharashtra

Adani Group will invest Rs 50,000 crore over the next 10 years in setting up a 1 GW data centre in Maharashtra, the apples-to-airport conglomerate said on Wednesday. Adani Enterprises Ltd, the flagship company of the group, and the Maharashtra government, signed a memorandum of understanding (MoU) for setting up the 1 GW (gigawatt) hyperscale data infrastructure. The MoU was signed in the presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani at the World Economic Forum 2024 in Davos, it said in a statement. "The data centre infrastructure, which will be set up in key locations such as Mumbai or Navi Mumbai and Pune, will be powered by renewable energy, which will enhance the green energy infrastructure in Maharashtra, and provide direct and indirect employment to 20,000 people," it said. Adani Group also intends to make deemed distribution investments to power the proposed data centre infrastructure. The Maharashtra government is interested in

Dharavi residents seek bigger flats, faster construction and redevelopment

The survey to identify the eligible and ineligible residents will begin by next week. Eligible residential tenements are those that were in existence before January 2000

Telangana signs deals worth Rs 12,400 cr with Adani Group at Davos summit

Business conglomerate commits investments in data centre, energy storage, cement plant

Adani Group set to start mapping famous Mumbai slums Dharavi in weeks

The conglomerate owned by tycoon Gautam Adani won a government contract to redevelop Dharavi in late 2022 and will begin surveying the roughly 600 acre densely packed neighborhood in March

Dharavi residents to get 350 sq ft flats after redevelopment: Adani Group

The Adani group on Monday said it will offer eligible residents of the Dharavi slum clusters new flats measuring 350 sq ft. The Adani group, which is redeveloping Dharavi slums in collaboration with the Maharashtra government, claimed the flat size was "17 per cent more" than what is offered as part of slum redevelopment projects. The new flats will have a kitchen and toilet, Adani said in a statement, adding that earlier, the dwellers of informal settlements were given houses measuring 269 sq ft. Since 2018, the state government started giving them homes measuring 315-322 sq ft. The redeveloped area will also have community halls, recreational areas, public gardens, dispensaries and daycare centres for children. January 1, 2000 has been decided as the cut-off date to determine eligible residents. The "ineligible residents" will be provided accommodation under the proposed affordable rental housing policy, as per the state government's norms. The Dharavi Redevelopment Project is

Jindal Power proposes to top Adani's bid for coal-power plant: Report

The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment

World Economic Forum: Davos-bound squad aims to turn spotlight on India

Top honchos from India Inc, finance, govt heading to the World Economic Forum

JSW Energy proposes to top Adani's bid for coal-power plant: Report

In a letter, JSW Energy has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project

Passenger traffic at CSMIA up 13% to 4.88 million in December 2023

Adani Group-owned Chhatrapati Shivaji Maharaj International Airport (CSMIA) on Thursday said passenger traffic at its facility increased 13 per cent year-on-year to 4.88 million in December 2023. This was the highest-ever passenger traffic for the airport, the aerodrome operator said in a statement. Mumbai Airport had recorded a total passenger traffic of 4.33 million in December 2022, the statement said. CSMIA's consistent expansion to newer destinations helped it post good growth, the airport operator said, adding the highest passenger traffic movement in a single day for the month was observed on December 17, with 165,258 passengers travelling through CSMIA - with 84,166 arrivals 81,092 departures. The month of December observed a total of 28,462 air traffic movements (flights) with 21,175 on domestic routes and the remaining 7,287 on international routes, it said. Also, Delhi, Bangalore, and Goa continue to remain the top three domestic destinations witnessing the highest ...

Vibrant Gujarat Global Summit 2024: India a vishwa mitra, says PM Modi

All major rating agencies, Modi said, are of the opinion that India will be among the top three largest economies of the world in the next few years

IiAS recommends voting against Adani Green's Rs 9,350 cr preferential issue

The proxy advisory firm stated issue of warrants instead of equity allows promoters to ride the stock price for 18 months

GQG's initial bets on Adani Group firms soar to $4.3 billion: Report

While Adani Green Energy Ltd. doubled from the price GQG paid soon after the purchase in March, flagship Adani Enterprises Ltd. reached that milestone in December

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of billionaire industrialist Gautam Adani, on Wednesday. Speaking to reporters on the sidelines of a programme here, Adani said that all the airports in the company's fold are currently expanding in terms of capacity and have collectively registered 80 million passengers last year. "In the near future, yes (on listing of airports vertical). It depends. We have a couple of triggers that we need to cross before we will do that. First big one is obviously Navi Mumbai (airport) being operationalised and having its first stable year of operations. But that is one of the triggers," Jeet Adani said, replying to a query when the airports vertical will be listed. Adani Airport Holdings Limited (AAHL), a 100 per cent subsidiary of Adani Enterprises Ltd, currently manages seven airports- Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur,

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Billionaire Gautam Adani on Wednesday announced an investment of over Rs 2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space. Speaking at the Vibrant Gujarat Global Summit here, he said the investment will create 1 lakh jobs. Of the Rs 55,000 crore committed at the last summit, Adani Group has already spent Rs 50,000 crore, he said. The apples-to-airport group is now building a green energy park in Kutch having a 30 GW capacity spread over 25 square kilometre which would also be visible from space, he added. Since 2014, India has achieved a 185 per cent growth in GDP and 165 per cent growth in per capita income which is unparalleled given the geopolitical and pandemic-related challenges, Adani said.

HC keeps abeyance in CBI, DRI inquiry of over-invoicing by Adani group

The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence (DRI) to meticulously and expeditiously look into allegations of over-invoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani Group firms be kept in abeyance until the outcome of the matter before the top court. On December 19, 2023, the high court had directed the two federal probe agencies to meticulously and expeditiously look into the allegations of over-invoicing of imports by various power generating companies in India, including the Adani Group and the Essar Group, to ascertain the factual position and take appropriate action against the erring ...

Adani Ports' first bond issue in over 2 yrs lapped up, more coming: Bankers

The fundraising follows the Supreme Court's decision that the group is not required to undergo additional investigations beyond the market regulator's current scrutiny

ACC gets full ownership of Asian Concretes for Rs 775 cr enterprise value

Asian Concretes (ACCPL) was earlier an associate company of ACC, in which it already held a 45 per cent stake. ACC had first invested in Asian Concretes in 2010 for an undisclosed value

Adani Group commits Rs 42,700 cr investment in Tamil Nadu across sectors

Diversified conglomerate Adani Group has committed investments to the tune of Rs 42,700 crore in Tamil Nadu across various sectors on the second day of the Global Investors Meet 2024 held here on Monday. At the valedicatory session of the event organised by the ruling DMK government, memorandum of understandings between the Adani Group and the state government were signed in the presence of Chief Minister M K Stalin, Minister for Industries TRB Rajaa, Adani Ports and Special Economic Zone, Managing Director, Karan Adani. The investments by Adani Group is one of the big ticket projects bagged by the state government. The biggest investment of Rs 24,500 crore (of the total Rs 42,700 crore) would be made by Adani Green Energy Ltd in three pump storage projects in the next five to seven years, Adani Group said in a company statement. Besides, Adani ConneX, the hyperscale data centre provider of the Group, would pump in Rs 13,200 crore for setting up a data centre while Ambuja Cements (

Adani Green announces redemption plan for $750 million bond due in Sept

The company has debts worth Rs 22,942 crore, up for repayment and refinancing

Adani Green Energy announces redemption plan for $750 million Holdco bond

AGEL aims to ensure full security of the entire $750 million Holdco Notes 8 months before the maturity date on September 9, 2024