Page 28 - Adani

Adani Group buys Air Works, forays into aircraft maintenance business

The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007

Adani Defence and Aerospace to acquire Air Works for Rs 400 cr

Air works is the oldest MRO in India with presence across 27 cities, 6 maintenance bays and 900-plus maintenance experts

Gautam Adani announces investment worth Rs 65,000 cr in Rajasthan

Richest Asian Gautam Adani on Friday announced a Rs 65,000 crore investment in Rajasthan over the next 5 to 7 years in setting up a mega 10,000 MW solar power capacity, expanding cement plant and upgrading Jaipur airport. The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to automobiles and piped gas to households and industries as well as laying transmission lines to carry renewable power. Speaking at the Invest Rajasthan 2022 Summit here, he said the Adani group already has a sizeable presence in the state. It operates a thermal power plant, has set up a solar park and supplies coal to the state's power-generating units. Adani Group is investing Rs 50,000 crore to add 10,000 megawatts of renewable power generation capacity. "This will be commissioned progressively over the next 5 years," he said, adding the group just a week back achieved commercial operation of the world's largest wind-solar hybrid power plant in

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

Adani Enterprises secures funds to build Ganga Expressway at Rs 23,000 cr

The company has secured debt worth Rs 10,238 crore and will make a capital infusion of Rs 6,826 crore

Gautam Adani earned Rs 1,612 crore a day in 2021: Hurun India

Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year

TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report

TCS replaces HDFC Bank, which held the number one spot since 2014

Reliance Infra had filed arbitration claim of Rs 500 crore: Adani

Reacts to RInfra statement of last week, which said it has filed a claim of Rs 13,400 crore; Adani says it has filed counterclaims

Ambuja Cements, ACC receive lukewarm response from public shareholders

The response was poor as the current market price is far above the open offer price, bankers said

No restrictions on RRPR Holding for warrant conversion, says I-T dept

In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax

CreditSights finds 'errors' in its report on Adani companies' debt

In a report dated September 7, CreditSights said it had spoken with Adani Group's finance and other executives and reconciled some figures for Adani Transmission and Adani Power

Adani open offer for additional stake in NDTV starts Oct 17: JM Financial

Open offer for acquiring up to 1.67 crore equity shares will amount to Rs 492.81 crore, if fully subscribed

Adani Group's firm plans to build 1,000-MW data centres in 10 years

Adani Group firm AdaniConneX is planning to build 1,000 megawatt data centres -- almost double the present size of the total industry -- over a period of 10 years, a senior company official said. AdaniConneX Senior Vice President and Head of Data Centre Business, Sanjay Bhutani said the the first seven data centres of the company will come up in Mumbai, Chennai, Hyderabad, Delhi, Bengaluru and Pune. "We are building 1,000 megawatt data centres. Today, the industry stands at 550 MW. Building 1,000 megawatt data centre in the next one decade is something which is our business plan," Bhutani said while speaking at 9.9 Group's CIO and Leader Conference on Saturday. Data centre capacity is measured in terms of power they consume. According to market research firm Arizton, India's data centre market size stood at 447 MW in 2021, valued at USD 10.9 billion. Bhutani said the six cities which will get first seven data centres will have total capacity of 450 MW over the next three years, whi

Torrent Power and Sembcorp Industries in race to buy Vector Green Energy

The transaction is expected to have an equity value of 30 billion rupees ($377 million) and an enterprise value of 50 billion rupees

Is the telecom sector staring at disruption after 5G auction?

The 5G auctions added Rs 1.5 trillion to the govt exchequer. As the dust is settles, let us explore how each player is placed, and will the 5G rollout be a watershed moment for the telecom sector

Adani Enterprises, scarcely tracked by brokerages, set to enter Nifty 50

Coverage may improve as more funds start chasing the stock, say market experts

Mumbai's CSMT facelift plan back to drawing board due to railway revamp

The project, which had received bids from Adani, Oberoi and GMR, goes back to drawing board after abrupt shutdown of nodal agency; station will now be developed under BOT mode

Adani's Haifa port acquisition a 'strategic purchase': Israeli media

Adani Group's acquisition of the Haifa port last week for USD 1.18 billion is being seen as a "strategic purchase" where "price was less important", according to a media report

Adani gets LoI for 5G services in Gujarat; final list of bidders on July 20

Adani Data Networks, Jio, Airtel and Vodafone Idea to bid for 5G spectrum

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities