Page 3 - Adani

Adani-led Sri Lanka container terminal to double capacity ahead of deadline

Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually

Sanctioned oil tanker Spartan nears Adani's Mundra Port in Gujarat

The Spartan, blacklisted by the UK and EU, is among the last sanctioned vessels to unload at Mundra after Adani Group's entry ban on such ships

Congress alleges FRA violations in Adani coal mine project in MP

Congress leader Jairam Ramesh on Friday alleged that the Adani Group has begun cutting trees on government and forest land for its coal mine project in Madhya Pradesh's Dhirauli in "blatant violation" of the Forest Rights Act. The former environment minister also claimed that the Modi government imposed this allotment from above in 2019, and is now rushing ahead with it in 2025 without the essential legal clearances. "This is simply because Modani is a (f)law unto itself," he said on X. There was no immediate reaction from the Adani Group or the Centre to the charges made by the Congress. "In Dhirauli, Madhya Pradesh, Modani has begun cutting trees on government and forest land for its coal mine - without Stage-II forest clearance and in blatant violation of FRA, 2006 & PESA, 1996. Villagers, mostly Scheduled Tribe communities and even a Particularly Vulnerable Tribal Group (PVTG), are rightly protesting," he said. The coal block falls in a Fifth Schedule Area, where tribal rights

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

Court bars reporters, activists from publishing defamatory content on Adani

In a major relief to Adani Enterprises Limited (AEL), a Delhi court on Saturday restrained certain journalists and others from publishing unverified defamatory content against the firm. In an interim order, the court also directed the journalists and foreign-linked NGOs to remove alleged defamatory material against the firm from articles and social media posts. Senior Civil Judge Anuj Kumar Singh was hearing a suit filed by the plaintiff (AEL), alleging that coordinated defamatory publications on paranjoy.in, adaniwatch.org and adanifiles.com.au, along with related posts and videos, were designed to tarnish the business group's reputation and disrupt its global operations. The defendants in the case are Paranjoy Guha Thakurta, Ravi Nair, Abir Dasgupta, Ayaskanta Das, Ayush Joshi, Bob Brown Foundation, Dreamscape Network International Private Limited, Getup Limited, Domain Directors Private Limited trading as Instra and John Doe persons. "There is a prima facie case in favour of the

Adani Power gets shareholders' nod for 1:5 stock split via postal ballot

Adani Power on Friday said it has received shareholders' approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, a regulatory filing stated. According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of the face value of Rs 2 each, ranking pari passu in all respects. The voting period began from 9 am on August 6, and ended at 5 pm on September 4. The company explained that the board, at its meeting on August 1, 2025, approved and recommended the share split to facilitate greater participation from retail and small investors. There will not be any change in the amount of authorised, issued, subscribed and paid-up share capital of the company on account of sub-division/split of the equity shares, it had stated. The record date for the sub-division of

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

Adani Power on Friday said it has received the Letter of Award (LoA) to set up a 2,400 MW greenfield thermal power plant with an investment of USD 3 billion at Pirpainti in Bhagalpur district of Bihar. In a statement, Adani Power said it has received the LoA for 25-year long-term procurement of electricity from Bihar State Power Generation Company Ltd (BSPGCL), which it will supply from a 2,400 MW (800 MW X 3) greenfield ultra super critical plant to be set up at Pirpainti. This would be followed by the signing of the Power Supply Agreement (PSA) between the entities, it stated. The Bihar State Power Generation Company Ltd (BSPGCL) has awarded the LoA to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the two state utilities. "With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability," S B Khyalia,

Adani group logs ₹90,572 crore Ebitda, led by infrastructure firms

Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt

Wilmar seeks CCI nod for 20% stake buy in AWL Agri Business for ₹7,150 cr

In the notice filed with CCI, Lence Pte has proposed to acquire a maximum of 20 per cent and a minimum of 11 per cent of the paid-up equity share capital of AWL Agri Business

Adani's Vizhinjam port hits record 1 mn TEUs in just 9 months of operations

In under nine months since commencing commercial operations, Adani Group's Vizhinjam International Seaport has achieved a significant milestone of handling over 1 million twenty-foot equivalent units (TEUs). The achievement by the port operated by Adani Ports and Special Economic Zone (APSEZ) not only surpasses initial projections but has also redefined India's maritime map. At a ceremony held at the port to commemorate the milestone, Kerala's Minister for Ports V N Vasavan said the Vizhinjam Port had handled 1 million TEUs within just nine months of beginning commercial operations. "This is a proud moment for Kerala and India as an emerging maritime power." Second phase of the port project will begin soon, he said adding railway and road connectivity will also be built soon. Launched on December 3, 2024, Vizhinjam has already welcomed over 460 vessels, including 26 ultra large container vessels (ULCVs) measuring up to 399.99 metres. The port was originally expected to handle only

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Adani Agri Fresh starts 2025 apple procurement in Himachal at ₹85/kg

Procurement will begin on August 24 at AAFL's facilities in Rohru, Rampur, and Tutu-Pani, on August 25 at Sainj and Jarol-Tikkar, and on August 28 at Reckong-Peo

Adani Group units secure $275 million offshore loans from global banks

Investors have grown more confident lending the Adani Group as it seeks to raise funds across the spectrum of its businesses

Adani Ports Q1 results: Profit rises 6.5% to ₹3,314 crore; revenue up 31%

Adani Ports Q1 results: The company's revenue for Q1 FY26 stood at ₹9,126.14 crore

RBI MPC meeting, Shibu Soren passes away, SC rebukes Rahul Gandhi, Adani-BYD tie-up & more

The Supreme Court today stayed defamation proceedings against Leader of Opposition Rahul Gandhi for his 2022 remark that the Indian Army was “thrashed” by Chinese forces in Arunachal Pradesh.

Mumbai airport logs flat passenger growth at 13.6 mn in June quarter

Adani Group-AAI-owned Mumbai International Airport has reported an almost flat year-on-year passenger growth at 1.36 crore in the April-June period of the current fiscal. The country's second busiest airport had flown 1.34 crore passengers in the first quarter of the previous fiscal, according to a Mumbai International Airport Ltd (MIAL) statement. Despite disruptions like regional airspace restrictions, geopolitical conditions, temporary airspace closures in the Middle East, and a momentary dip in passenger sentiment stemming from recent aviation incidents, Chhatrapati Shivaji Maharaj International Airport (CSMIA) sustained operational momentum, MIAL said. During the quarter under review, the airport facilitated 82,369 air traffic movements (ATMs), growing 1.3 per cent year-on-year, with International ATMs recording a growth of 3.3 per cent, it added. The busiest day of the June quarter was April 30, with the airport handling 989 ATMs in a single day, while May 30 recorded the ...

Adani group announces $10 bn investment in Vietnam's growing economy

Adani Group pledges up to $10 billion in Vietnam, focusing on infrastructure, energy, seaports, airports, logistics, and digital technology as part of its Southeast Asia expansion

India Inc faces a surge in family feuds amid succession planning vacuum

From the Ambanis to the Kapurs, unresolved succession plans and informal ownership structures are fuelling bitter family fights across India's corporate boardrooms

Orient Cement Q1 profit jumps to ₹205 cr as sales rise 24% to ₹866 cr

Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to Rs 724.28 crore in the June quarter. Its total income, which includes other income, climbed 23.7 per cent in the June quarter to Rs 868.64 crore. After an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. "Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said. On October 22, 2024, Adani Group firm Ambuja Cements entered into a share purcha

Adani Energy Q1 FY26 result: Profit at ₹512 crore, revenue up 27%

Adani Energy Q1 FY26 result: The company's profit declined 20.8 per cent sequentially from ₹647.15 crore in Q4 FY25