Page 23 - Adani

Gautam Adani's copper foray may further tighten global supply of ore

India's imports of copper concentrate could grow to as much as 2 million tons in 2024, from 1.3 million tons estimated for this year, said Soni Kumari, commodity strategist at ANZ Banking Group

Biggest money heist since 1947: Jairam Ramesh's Adani reference to PM Modi

The senior Congress leader said that the people pay the price for Adani's rise via "inflated electric bills"

Adani's bond rebound almost erase losses incurred from Hindenburg report

The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

Bimal Dayal appointed as CEO of Adani Infra, will oversee energy projects

Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday. The current management team of AESL led by Anil Sardana, Managing Director, and Kandarp Patel, who has been given charge of all verticals of AESL, will drive the ambitious growth of transmission, distribution and smart metre segments. The leadership changes have been made to support enhanced growth of Adani Infrastructure business, the statement said. This decision has been duly approved by the board of directors of AESL. "With this executive-level transition, the Adani portfolio of companies has taken another significant step towards strengthening their resolve to grow the infrastructure business at an aggressive rate of over 15 per cen

Adani, Wilmar may sell part of their stake in AWL to private equity firms

AWL stake sale to be one of the largest in recent times

Gautam Adani's next milestone is plan for $1.25 billion of green arm debt

We are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Singapore-based infrastructure analyst at S&P Global said

TMS Ep579: Women voters, hosting COP28, Adani group stocks, Global South

Are women voters the new trump card? What would India gain by hosting the COP28 summit? Is the worst over for Adani group stocks? What is the Global South? All answers here

Adani Total Gas launches green hydrogen blending pilot project in Ahmedabad

The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more

Adani-Hindenburg row: Contempt plea in Supreme Court over Sebi probe delay

According to the application, Despite receiving a three-month extension until August 14, 2023, Sebi again sought an additional 15 days to file the report

Adani, JSW Cement, and ArcelorMittal eyeing Vadraj Cement in IBC Sale

The Bombay High Court ordered the winding up of Vadraj Cement in August 2018, leading to the decision to sell the company under the IBC process

Adani Energy Solutions plans to raise nearly Rs 3,000 crore via bonds

Adani Energy Solutions (AESL), earlier known as Adani Transmission, is planning to raise USD 360 million (around Rs 3,000 crore) through issuing bonds on a private placement basis. "...we are looking for a private placement of USD 360 million of transmission assets which were commissioned in the last three to four years," Rohit Soni, Chief Financial Officer of Adani Energy Solutions, said during an investors call. He further informed that the company is still working if it can get (raise USD 360 million) via bonds early next year and the work is still in progress. He also informed that paperwork (for the bond issue) are underway. Soni also told analysts about the company's plan to raise another USD 1 billion, saying, "we are looking at a billion dollar of raise, so I think we are still working on it, so the time what we have given by year end that still holds good from our perspective." In May this year, the board has approved raising of funds by way of issuance of equities worth

Adani Energy Solutions Q2 results: Net profit rises 33%, revenue up 15.3%

The rise in consolidated revenue, the company said, was on account of newly commissioned transmission lines and other related commissioning

Adani Energy Q2 result: Net profit jumps 46% to Rs 284 cr; income up 11%

The total income for Q2FY24 came in at Rs 3,766.46 crore, compared to Rs 3,376.57 crore year-on-year

Adani has been given Indian ports, airports by PM Modi, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday said that the moment we talk about Adani, intelligence agencies such as the ED and the CBI start approaching us

No evidence to back cash-for-question charge: Moitra hits out at Adani FPIs

Trinamool Congress (TMC) MP Mahua Moitra on Saturday said the BJP's "cash-for-questions" allegation against her has "failed" as there is no evidence to back it and questioned how "dodgy FPI owned Adani" got the clearance to buy ports and airports. In a post on X, Moitra said: "First BJP said 'Cash for Questions'. That failed since NO evidence to back fake allegation. Now it is 'National Security'." "Real? Not of Q&A portal that 10 people in each MP team access daily -- it is how dodgy FPI owned Adani gets MHA clearance to buy our ports and airports!" she said, without elaborating any further. Moitra's post came a day after Bharatiya Janata Party (BJP) MP Nishikant Dubey, who levelled the "cash-for-questions" allegation against her, said in a post on X that sharing the parliamentary portal login details with anyone is a violation of the agreement with the government body (NIC) managing the portal and is a security risk. The TMC MP continued her attack on the business group led by ..

AESL commissions green evacuation transmission project in Tamil Nadu

Adani Energy Solutions Ltd has commissioned a 2500 MW green evacuation 400kV system in Tamil Nadu in line with India's decarbonisation efforts

Adani Group seeking to raise $4 bn to fund green hydrogen plans

Tycoons like Adani and his rival Mukesh Ambani are betting on green hydrogen as Prime Minister Narendra Modi seeks to establish India's leadership in the transition toward cleaner technology

UltraTech Cement may present details of second phase of expansion by Dec

Company likely to present details of its second phase of expansion by December this year

From MSP to Pulwama: Here's what Satya Pal Malik said to Rahul Gandhi

On being asked about the solution to the problem in Jammu and Kashmir, Malik said that their statehood should be returned with immediate effect

Adani Total meets Hindenburg's predicted valuation with 85% plunge in stock

The shares of the conglomerate's city-gas distributor slid as much as 2.6 per cent to 575.7 rupees on Monday, taking losses from their January 24 closing of 3,891.75 rupees to 85 per cent