Page 21 - Adani

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

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

PM waived off loans worth Rs 16 trn of his billionaire friends, says Rahul

Congress leader Rahul Gandhi on Wednesday accused Prime Minister Narendra Modi of waiving off loans worth Rs 16 lakh crore of his billionaire friends, and said the country will never forgive him for this "crime". In a post in Hindi on X, he said this money could have been used to cure the pain of Indians but was spent on creating hype for the ilk of those like 'Adanis'. "Narendra Modi has waived off the loans of his billionaire friends amounting to Rs 1,60,00,00,00,00,000 i.e. 16 lakh crore rupees. With this much money: 16 crore youth could have got jobs of Rs 1 lakh per year, by giving Rs 1 lakh per year to 16 crore women, the lives of their families could have been changed. Countless suicides could have been prevented by waiving off the loans of 10 crore farmer families," he said. "The entire country could have been provided gas cylinders for just Rs 400 for 20 years. The entire expenses of the Indian Army could have been borne for 3 years. Education up to graduation could have be

Changing complexion: Adani stocks now have prominent investor base

FPIs under question no longer have significant exposure to these stocks

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

Making a mark: GQG Partners EM Equity Fund a hit among US investors

Actively-managed fund gains currency among US investors

Adanis invest another Rs 8,339 cr in Ambuja Cements, promoter stake up 70%

Completes fund infusion of Rs 20,000 crore, promoter stake now at 70.3 per cent

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

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