Page 3 - Adani

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

Adani exits AWL agri business, sells 10.42% stake to Wilmar for ₹3,732 cr

Adani Group on Friday exited AWL Agri Business (formerly known as Adani Wilmar) by selling its remaining 10.42 per cent stake in the company for Rs 3,732 crore through open market transactions, according to the BSE data. Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises, offloaded a total of 13,54,82,400 equity shares in 11 tranches on Friday, amounting to a 10.42 per cent stake in AWL Agri Business, as per the block deal data on the BSE. The transaction was valued at around Rs 3,732.54 crore and executed at an average price of Rs 275.50 apiece. Meanwhile, Dubai-based Shajaeatan Investment FZCO purchased a little over 11.07 crore equity shares or 8.52 per cent in AWL Agri Business for Rs 3,049.99 crore. Quant Mutual Fund (MF), IDFC MF, Bandhan MF, Jupiter Fund Management, Morgan Stanley Asia Singapore, US-based Susquehanna International Group, Franklin Templeton, Vanguard, and Singapore-based Duro Capital were among the buyers of AWL Agri Business shares on the ...

Adani Green Energy's operational renewable capacity rises 45% to 15,816 MW

Adani Green Energy Ltd on Friday said its operational renewable energy generation capacity rose 45 per cent to 15,816 MW during June quarter as compared to the year-ago period. It had an operational RE capacity of 10,934 MW in April-June 2024, a regulatory filing said. The 15,816 MW RE capacity includes 11,156 MW solar, 1,986 MW wind and 2,674 MW hybrid renewables. The sale of renewable energy rose 42 per cent to 10,479 million units (MUs) in the quarter from 7,356 MUs in the same period a year ago. The company has already met the 31 per cent or 6,138 MUs of its total committed generation of 19,667 MW (annual commitment as per power purchase agreements) in June quarter only. It operationalised 3,763 MW of solar, 585 MW wind and 534 MW hybrid renewable capacity and added greenfield RE capacity of 1.6 GW in the quarter. The company is aiming 50 GW renewable portfolio by 2030.

Adani Group in talks with MUFG to raise $250 million via offshore loans

Two units of Adani Group are in advance talks to raise about $250 million from Mitsubishi UFJ Financial Group through separate bilateral offshore loans, according to people familiar with the matter

Adani Enterprises' ₹1,000 cr bond issue fully subscribed in just 3 hours

Adani Enterprises Ltd's Rs 1,000 crore bond issue was fully subscribed within three hours of opening on Wednesday, stock exchange data showed. The non-convertible debenture (NCD) issue, which opened on Wednesday and was to close on July 22, may see early closure due to the issue being fully subscribed, sources said. NCDs are debt instruments issued by companies to raise funds from investors, promising fixed interest payments. The Adani group's flagship firm promised up to 9.3 per cent interest per annum. The issue received bids worth over Rs 1,400 crore by 15.30 hrs, stock exchange data showed. The offering was on a first-come, first-served basis and saw participation entirely from the non-institutional segment, including retail investors, high networth individuals and corporates. This was Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "What sets this issue apart is the strong and encouraging participation that has ent

Adani Power acquires 600 MW VIPL coal power plant for Rs 4,000 crore

Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600 megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs 4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. Subsequently, the plan was successfully implemented on July 7, 2025, taking APL's operating capacity to 18,150 MW with this acquisition. VIPL is a 600 MW domestic coal-fired power plant (2300 MW units) located in Butibori, Nagpur district, Maharashtra. APL has successfully completed the acquisition and implemented the resolution plan for VIPL for an aggregate consideration of Rs 4,000 crore. The company further said it's on track to achieve its target of 30,670 MW capacity by 2029-30. It is further undertaking the expansion of its base-load power generation portfolio through a mix of ...

Adani group leads race to acquire Jaiprakash Associates with ₹12,500 cr bid

Rival bidder Dalmia group is also in the fray and is willing to top Adani's offer - provided a key legal hurdle related to JAL's Sports City project is resolved

Adani Enterprises plans to sell 2-5 year debt at public bond sale next week

For investors opting for quarterly payouts, the coupon will be 8.85 per cent on three-year and 9.00 per cent on five-year notes, they added

Adani Ports unit plans to raise ₹3,000 crore via local currency bonds

If completed, the ports unit will have borrowed at least $1 billion since May, following an earlier bond sale and a bilateral loan