Page 7 - Adani Group

Adani to rival Reliance with PVC plant at Gujarat's Mundra by 2028

Billionaire Gautam Adani's conglomerate will build a 1 million tonne a year PVC plant at Mundra in Gujarat, marking its foray into the petrochemicals sector where Reliance Industries Ltd is the main player, sources said. PVC, or Polyvinyl Chloride, is a synthetic plastic polymer that is widely used to make an array of products - from pipes and fittings to window and door frames, cable insulation, vinyl flooring and wall coverings, credit cards and toys. India's annual PVC demand is about 4 million tonnes, while domestic production capacity stands around 1.59 million tonnes, half of which is with Reliance. PVC demand is projected to grow at a CAGR of 8-10 per cent, driven by sectors such as agriculture as land under irrigation increases, infrastructure aided by water supply and sanitation, housing and pharmaceutical and packaging segments. Adani Group's flagship Adani Enterprises Ltd is setting up a petrochemical cluster in Mundra. Within this cluster, it is constructing a PVC ...

Adani Airport rolls out digital lounge access, cuts intermediaries

Adani Airport CEO Arun Bansal said that passengers can now access lounges directly through their platform, removing the need for intermediaries

Best of BS Opinion: India must go from pro-business to pro-market

Today's newsletter ties together multiple issues, but the central theme remains one of much-needed reform and regulatory action, be in in job creation or aviation or industry

Adani to bring all cement units under one roof; eyes 140 mt single entity

To sell promote Adani Cement brand alongwith ACC, Ambuja brands

NCLT approves Adani Properties' bid for two HDIL assets in Mumbai

The National Company Law Tribunal (NCLT) has approved the resolution plans of Adani Properties for two HDIL assets, including Project BKC in Bandra Kurla Complex and Shahad Maharal Lands in Thane district as part of its insolvency process. This was part of the corporate insolvency resolution process (CIRP), with Adani Properties being the sole bidder meeting the Insolvency and Bankruptcy Code (IBC) requirements for the two assets of Housing Development and Infrastructure Limited (HDIL). The Mumbai bench of NCLT approved the resolution plans under Section 31 of the IBC, 2016, on June 27. The committee of creditors (CoC) had cleared both plans, which are valued at over Rs 2,000 crore, with a 66.08 per cent voting share in November 2022. Initially, HDIL's resolution professional sought interest in resolving the entire company in February 2020, but received no proposals. Due to unfinished residential properties, the National Company Law Appellate Tribunal (NCLAT) allowed a project-wis

Adani group acquires 85% stake in MRO firm Air Works for ₹400 crore

The acquisition is part of Adani Group's plans to expand in the aircraft services and maintenance, repair, and overhaul segment

Adani Enterprises plans to sell 2-5 year debt at public bond sale next week

For investors opting for quarterly payouts, the coupon will be 8.85 per cent on three-year and 9.00 per cent on five-year notes, they added

Bangladesh pays $384 mn to Adani Power to clear major portion of power dues

Bangladesh paid USD 384 million to Adani Power in June, significantly reducing its outstanding dues under a power supply agreement with the Indian firm, according to sources. In June (till June 27), Bangladesh has paid USD 384 million of the committed USD 437 million to be paid during the month, two sources aware of the matter said. This would clear Bangladesh's "admitted" claims till March 31. With this, Adani's "claimed" dues, while still substantial, will come down to around USD 500 million (assuming Bangladesh meets its month-end commitment), they said. Bangladesh has struggled to meet its payment obligations under the 2017 deal, as rising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil - which led to the ouster of prime minister Sheikh Hasina - strained the country's finances. As a result, Adani had halved supply last year and full supplies were resumed in March 2025 after the country's monthly payments started covering some of the ..

Indian banks ready to lend, but tycoons show little appetite to borrow

Private sector expansion plans are at a three-year low, with bank exposure to key industries like roads, power and telecom down to 11% of their loan book, half the level seen a decade ago

UP govt acquires 600 acres in Gorakhpur for new industrial township

While Gida has acquired 600 acres for the township in the 17 villages, the acquisition process is ongoing to increase the land inventory

Adani, 4 others submit ₹10k-11k cr bids for Jaiprakash Associates

The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PNC Infratech are the final bidders and the offers range from ₹10,000 crore to ₹11,000 crore, said a source close to the development

This newly acquired Adani group stock hits new high; zooms 66% in 2 months

Shares of ITD Cementation India hit a new high of ₹860.95, soaring 6% on the BSE in Wednesday's intra-day trade on strong order book position.

Adani Group raises $1 billion to refinance debt for Mumbai airport

Adani Group has raised USD 1 billion from global investors led by New York-based Apollo Global Management to refinance existing debt for its Mumbai airport. Mumbai International Airport Ltd (MIAL), a unit which operates India's second largest airport, will use the proceeds to refinance debt raised in 2022, it said in a statement. "The transaction involves issuance of USD 750 million notes maturing July 2029 which shall be used for refinancing. The financing structure also includes provision to raise an additional USD 250 million, resulting in total financing of USD 1 billion," the group said. This, it said, will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernisation, and capacity enhancement. The bonds will offer about 6.9 per cent over the four-year tenor. MIAL is managed by Adani Airport Holdings Ltd (AAHL), a subsidiary of group's flagship firm Adani Enterprises Ltd. AAHL holds 74 per cent stake in MIAL and the remainin

'Our most transformative project': Gautam Adani on Dharavi redevelopment

Calling it a social mission, Gautam Adani said the Dharavi project will replace cramped lanes with homes, hospitals, schools, and green spaces for 1 million people

Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years

As the Adani Group posts record highs across power, ports, airports, and cement, Gautam Adani announces a $20 billion annual capex push to drive India's infra, energy, and green transition goals

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

Gautam Adani dismissed allegations of US bribery and obstruction, reaffirming the group's compliance and governance standards while highlighting record-breaking growth

Adani's Mumbai Airport secures $750 mn deal with Apollo-led investor group

The agreement also allows for up to $250 million in additional funding for capital expenditure and capacity expansion needs

Adani plans ₹35,000 crore more capex in Navi Mumbai airport by FY30

Project gets interim tariff nod from Airports Economic Regulatory Authority

MMRDA to build Dharavi as multi-modal transit hub with metro, rail links

The MMTH will connect Dharavi to metro lines, airports, rail stations and BKC, as MMRDA takes charge of building a future-ready, 24x7 urban mobility hub

Adani commissions India's 1st off-grid green hydrogen pilot plant in Kutch

Adani Group has commissioned India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat, the conglomerate said in a statement on Monday. An off-grid green hydrogen plant is a facility that produces hydrogen using electrolysis powered by renewable energy sources, such as solar or wind, and is not connected to the main electrical grid. This means the plant relies entirely on its own renewable energy generation for the hydrogen production process. The 5 MW plant has been built by Adani New Industries Limited (ANIL) - the clean energy unit under the group's flagship firm Adani Enterprises Ltd. Calling it a key milestone towards enabling India's National Green Hydrogen Mission, the group said the successful commissioning demonstrates technical feasibility and sets a benchmark for off-grid, renewable-powered industrial applications of green hydrogen and its derivatives in emissions-intensive sectors. "The state-of-the-art plant is 100 per cent green-powered by solar .