Page 20 - Adani

Stocks of Adani group companies tank on report of US investigation

Analysts termed Monday's fall as a knee jerk reaction and said the group stocks could gain as the conglomerate has got a clean chit vis-a-vis the allegations by Hindenburg Research

Adani group plans to invest $14 bn across its portfolio companies in FY25

Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance over the next 7-10 years to grow businesses, sources said. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40 per cent higher than what the portfolio is estimated to have incurred in FY24. According to analysts, the portfolio is estimated to have incurred a capex of around USD 10 billion in FY24 that ends on March 31. Sources said these investments will set the stage for exponential profit growth. The group had previously guided a USD 100 billion capex over the next 7-10 years. Most of this investment is going to go into group fast growing businesses -- renewable, green hydrogen and airports. As much as 70 per cent of the planned capex will go into its green portfo

Adani Electricity Mumbai tops discoms rating chart, Torrent Power Surat 2nd

Adani Electricity Mumbai has topped the chart in the performance ranking of power distribution companies for 2022-23, a statement said on Monday. Torrent Power Surat and Torrent Power Ahmedabad were at second and third spots in the 12th edition of Integrated Rating of Discoms released by Union Minister for Power and New & Renewable Energy R K Singh. As many as 14 out of 55 distribution companies received the highest A+ rating. Utilities of Gujarat, Haryana, Karnataka, Madhya Pradesh and Andhra Pradesh were in A+ / A category, a power ministry release stated. In all, out of the 55 utilities which have been rated, 14 have received a performance rating of A+, 4 have received A, 7 have received B, 13 have received B-, 11 have received C and 6 have received the rating of C-. No utility has received the lowest rating of D, the ministry said. In addition, two private utilities, TPNODL (Odisha) and DNHDDPDCL (Dadar, Nagar & Haveli, Daman & Diu) too have received A+ rating; ...

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He also mentioned that the Group has understood the importance of "perception and brand" value after the Hindenburg affair

Rs 2.5 trn smart metering play has Adani, Tatas walking different paths

Installation of 25 crore meters is estimated to offer Rs 2.5 trillion revenue opportunity

Adani's Rs 60,000 crore investment to expand 7 airports in 10 years

Capex separate from Rs 18K crore announced for Navi Mumbai Airport Phase-I

Adani Enterprises to RIL: Potential leaders and laggards among Nifty50

Charts suggest that among the key Nifty heavyweights, Infosys, HDFC Bank and ICICI Bank look poised for gains, while Reliance is likely to consolidate in the near-term, writes Rex Cano

Adani group plans to invest about Rs 75,000 crore in Madhya Pradesh

Adani group will invest about Rs 75,000 crore in Madhya Pradesh in power plants, building Mahakaal Expressway, and setting up cement grinding units in coming years, a top group executive said on Friday. The apples-to-airport group has already invested almost Rs 18,000 crore in the state and will continue investing in diverse sectors, said Pranav Adani, Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises at the Regional Industry Conclave here. "Currently, our presence in Madhya Pradesh spans a wide range of sectors - from roads, cement, and natural resources to thermal power, renewable energy and power transmission," he said. "Our faith in your (chief minister Mohan Yadav's) visionary leadership will see us investing close to Rs 75,000 crore in Madhya Pradesh," he added. He, however, did not indicate a time frame for the investment. Of this, the group will invest Rs 5,000 crore in building the Mahakaal Expressway from Ujjain to Bhopal, through Indore. "We will

Overseas loans' share in total Adani group debt portfolio declines

Global bond investors keen to invest in Indian infrastructure sector

Moody's revises outlook on 4 Adani firms to 'stable' from 'negative'

The global ratings agency changed the outlook to 'stable' on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions

Adani's $1.2 bn Mundra copper plant to boost India's metal production

Billionaire Gautam Adani-led group is building the world's largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India's dependence on imports and aid energy transition, sources said. The USD 1.2-billion facility will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029), two sources with knowledge of the matter said. India joins China and other nations that are rapidly expanding production of copper, a metal crucial for transition away from fossil fuels. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper. Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum capacity in two phases. For Phase-1, capacity of 0.5 million .

Ambuja Cements Q3 results: Consolidated net profit up 89.5% at Rs 823 cr

Reported profit after tax for the company was at Rs 1,090 crore, up 123 per cent from a year ago

Adani Group to buy 6 Pilatus PC-24 business jets for top executives: Report

The deal would cost Adani Group over Rs 300 crore for all six aircraft since the purchase is from the resale market

BlackRock, Neuberger bought Adani bonds post Hindenburg bombshell

Although the figures don't capture all bondholders, they provide a window into investor activity as the securities sold off and later recouped many of their losses

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

Margin gains to support cement companies amid slowing demand in Q3

Most cement majors are pushing capex in anticipation of long-term demand

Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest

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

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that the company has elevated its CEO Karan Adani to the role of Managing Director, a position which was held by Chairman of Adani group Gautam Adani. Gautam Adani has been re-designated as executive chairman of APSEZ. "APSEZ, India's largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group," the company said in a release. The company further said its board has also approved the appointment of Ashwani Gupta, former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of APSEZ.