Global bond investors keen to invest in Indian infrastructure sector
The global ratings agency changed the outlook to 'stable' on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions
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 .
Reported profit after tax for the company was at Rs 1,090 crore, up 123 per cent from a year ago
The deal would cost Adani Group over Rs 300 crore for all six aircraft since the purchase is from the resale market
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
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
Spokesperson says similar adjustments made in the past while expanding into new sectors
Most cement majors are pushing capex in anticipation of long-term demand
MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest
AGEL aims to ensure full security of the entire $750 million Holdco Notes 8 months before the maturity date on September 9, 2024
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.
The Supreme Court of India handed a big win to the Adani Group on January 3, ruling out the need to transfer Sebi's probe into the Hindenburg case to a Special Investigation Team. Watch the video
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It must complete investigation into Adani matter
DRPPL is a joint venture between Adani Properties and Mumbai's Slum Rehabilitation Authority
Cement dealers and executives from ratings agencies echo Acharya's view
Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani. Star investor GQG Partners bought stakes worth almost USD 4.3 billion in five group companies between March and August while Qatar Investment Authority (QIA) and French energy giant TotalEnergies poured in USD 770 million in renewable energy firm Adani Green Energy Ltd, according
Adani Global Ltd. and IHC's Sirius International Holding Ltd. will own 49% and 51% respectively in the Sirius Digitech International Ltd., which will be based in Abu Dhabi
The quantum of warrants constitutes up to 3.833 per cent of the share capital of the company. As of the September 23 ended quarter, promoters and promoter groups held a 56.26% stake in the company