Page 59 - Adani Group

Sebi probe likely to suggest no major lapses by Adani group companies

Report may name 6 short-sellers and mention gains they made around the time of Hindenburg report's release

Adani-Hindenburg case: Sebi shares investigation update with Supreme Court

SEBI "shall take appropriate action based on outcome of the investigations," it said

Congress raises questions over Adani Group's Gangavaram port acquisition

The Congress on Friday raised questions over the Adani Group's acquisition of the Gangavaram port and asserted that only a joint parliamentary probe can uncover how the conglomerate could "grab so many prize assets" in many strategic sectors so quickly and at a deep discount. Citing a media report, Congress general secretary said it documents the modus operandi behind the staggering rise of the "Modi-made Monopoly (3M)" in many strategic sectors with a case study of the acquisition of Gangavaram port. In a post on X, Ramesh said it leads to many "piquant" questions" such as how did Adani buy a debt-free Gangavaram port in Andhra Pradesh that should be valued at double of the Rs. 6,200 crore it paid, by any reasonable valuation metric. "How was it acquired at a much lower EBIDTA (earnings before interest, taxes, depreciation, and amortization) multiple than Adani's own deal with the debt-laden Krishnapatnam port and how did Adani pick up six ports in just nine years without any other

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani shares lose Rs 55K cr in m-cap even after record quarterly profit

Group posts record quarterly profit in June quarter

Adani group Ebitda grows 42% in first quarter, reaches Rs 23,532 crore

Billionaire Gautam Adani's conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore, Adani group said in a statement. The conglomerate that spans 10 listed companies ranging from flagship incubator Adani Enterprises Ltd to ports business (Adani Ports & SEZ Ltd), renewable unit (Adani Green Energy Ltd), power utility (Adani Power Ltd), electricity transmission firm (Adani Energy Solutions), and city gas business (Adani Total Gas Ltd), had a net debt of Rs 18,689.7 crore after accounting for a cash balance of Rs 42,115 crore. Core infrastructure and utility platform, which generates stable and assured cash flows, generated EBITDA of Rs 20,233 crore, accounting for 86 per cent of the total ...

Minor fines imposed on multiple Adani companies over non-compliance

The fine for ACC was Rs 47000 each and for Ambuja Cements was Rs 16000 each

Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days

In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market

Don't see a major worry: Adani Cement CEO on any price war expected

Considering 420 mn tonnes demand base, at 8 or 10 per cent growth, you would need about 35 mn tonnes of extra cement to be produced, said Kapur

Adani to invest Rs 2,000 cr to build 2 transmission lines in Mumbai city

Adani Electricity Mumbai is investing over Rs 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go more green by sourcing as much as 60 per cent of the energy needed for the city from renewables by 2027, a senior company official said. The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line. The Vikhroli line will be ready by 2025. "We hope to begin the work on the project from this October. The Thane line will begin after the first line and will be commissioned in 2027," a senior company official, who did not want to be quoted, told PTI. The company reached financial closure last week by securing Rs 1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission. "We will be investing more than Rs 2,000 crore for this, of which Rs 1,700 crore will be debt-funded," the

GQG Partners acquires 0.1% stake in Adani Ports, total holding now at 5.03%

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group

Adani group firms' m-cap rises by Rs 45,200 crore to one-month high

A day earlier seven out of 10 Adani group stocks had posted gains after GQG Partners hiked investment in the group

Investment firm GQG Partners gains over 36% from Adani group bets

The fund made an additional investment of Rs 9,000 crore to buy an 8.1 per cent stake in Adani Power on Wednesday by acquiring shares from the promoters

Adani Group market cap jumps to 3-month high, adds Rs 45,200 cr on Friday

Billionaire Gautam Adani's ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in the group. The overall market capitalisation of the 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday, stock exchange data showed. The market capitalisation stood at Rs 10.51 lakh crore at close on Thursday. Market experts say the rise in the stock price is due to an increase in interest from global investors even as investors put the recent issue of Deloitte behind. "Over the last few days, there was consolidation in the Adani Group stocks. The market has analyzed the developments and emerging data points. "Additionally, with fundraising remaining robust at the group level and project execution proceeding without a hitch, there's a strong sentiment of confidence in the group's operational capabilities. The stocks are poised for gains in the

Adani Group shares in demand; Adani Power, Energy Solutions surge up to 12%

According to reports, Abu Dhabi National Energy PJSC (TAQA) is looking to double down in India and evaluating a large exposure in the expansive power businesses of Gautam Adani.

Stocks to Watch today, Aug 18: Concord, Adani Group, JSW Steel, EKI Energy

Stocks to watch on August 18, 2023: The Rekha Jhunjhunwala backed IPO, Concord Biotech, is set to debut on the bourses today at 10-15 per cent premium to its issue price.

Adani Group stocks gain as GQG Partners ups its wager; Adani Ports up 4.5%

The stake was purchased from Adani group promoter entities Worldwide Emerging Market Holding and Afro Asia Trade and Investments

Adani Power shares up over 2%, majority of group firms settle in green

Shares of Adani Power climbed over 2 per cent on Thursday after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore (USD 1.1 billion). The stock gained 2.58 per cent to settle at Rs 286.50 on the BSE. During the day, it climbed 3.27 per cent to Rs 288.45. At the NSE, it climbed 2 per cent to end at Rs 285.55 apiece. Majority of the group companies also ended in the green. Adani Ports jumped 4.47 per cent, Ambuja Cements climbed 1.91 per cent, Adani Enterprises gained 1.45 per cent, NDTV (1.26 per cent), ACC (0.64 per cent) and Adani Transmission (0.42 per cent). GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore, as the marquee investor shrugged off the damning report of a US-based short-seller, to invest in billionaire Gautam Adani's group. GQG Partners and other investors bought 31.2 crore shares of Adani Power in a b

Top headlines: Boeing starts production of Apache choppers for Indian Army

Business Standard brings you the latest headlines at this hour