Page 5 - Adani

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

Bangladesh pays $384 mn to Adani Power to clear major portion of power dues

Bangladesh paid USD 384 million to Adani Power in June, significantly reducing its outstanding dues under a power supply agreement with the Indian firm, according to sources. In June (till June 27), Bangladesh has paid USD 384 million of the committed USD 437 million to be paid during the month, two sources aware of the matter said. This would clear Bangladesh's "admitted" claims till March 31. With this, Adani's "claimed" dues, while still substantial, will come down to around USD 500 million (assuming Bangladesh meets its month-end commitment), they said. Bangladesh has struggled to meet its payment obligations under the 2017 deal, as rising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil - which led to the ouster of prime minister Sheikh Hasina - strained the country's finances. As a result, Adani had halved supply last year and full supplies were resumed in March 2025 after the country's monthly payments started covering some of the ..

Adani fastest-growing Indian brand in 2025; value up by 82%: Report

Adani Group has been named the fastest-growing Indian brand, thanks to its aggressive and integrated approach to infrastructure, as per the Most Valuable Indian Brands 2025 report by Brand Finance

Iran-Israel conflict, India's evacuation drive, Vodafone Idea AGR dues, Adani AGM & more

India has evacuated 292 more nationals from Iran, taking the total to 2,200. Meanwhile, 268 Indians have also been brought back from Israel amid rising tensions in the middle east.

Adani Group raises $1 billion to refinance debt for Mumbai airport

Adani Group has raised USD 1 billion from global investors led by New York-based Apollo Global Management to refinance existing debt for its Mumbai airport. Mumbai International Airport Ltd (MIAL), a unit which operates India's second largest airport, will use the proceeds to refinance debt raised in 2022, it said in a statement. "The transaction involves issuance of USD 750 million notes maturing July 2029 which shall be used for refinancing. The financing structure also includes provision to raise an additional USD 250 million, resulting in total financing of USD 1 billion," the group said. This, it said, will provide enhanced financial flexibility for the capital expenditure program of MIAL for development, modernisation, and capacity enhancement. The bonds will offer about 6.9 per cent over the four-year tenor. MIAL is managed by Adani Airport Holdings Ltd (AAHL), a subsidiary of group's flagship firm Adani Enterprises Ltd. AAHL holds 74 per cent stake in MIAL and the remainin

'Operation Sindoor called, and we delivered': Gautam Adani | Adani AGM 2025 | Adani Group

Adani Group Chairperson Gautam Adani says, "When it comes to Adani Defence, Operation Sindoor called, and we delivered. Our drones became the eyes in the skies as well as the swords of attack, and our

Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years

As the Adani Group posts record highs across power, ports, airports, and cement, Gautam Adani announces a $20 billion annual capex push to drive India's infra, energy, and green transition goals

Adani's Mumbai Airport secures $750 mn deal with Apollo-led investor group

The agreement also allows for up to $250 million in additional funding for capital expenditure and capacity expansion needs

Andhra clears ₹28,546 cr investments; Adani Group to spend ₹18,910 cr

IT company Cognizant will invest almost ₹1,583 crore to set up a campus in Visakhapatnam

Kenya's ex-PM disappointed Adani deal for JKI airport expansion failed

Kenya's former prime minister Raila Odinga has said that he was disappointed when the Adani deal to expand and manage the Jomo Kenyatta International Airport (JKIA) collapsed, according to a media report on Friday. Odinga, while speaking on the second day of the National Executive Retreat in Karen in Nairobi, also said that the deal was politicised, resulting in its cancellation, The Star newspaper reported. "I was very disappointed when we were not able to move on with the airport contract that was very unfortunate, he was quoted as saying by the newspaper. The leader of the Orange Democratic Movement (ODM) said should the deal have proceeded, it would have elevated Nairobi into a regional economic hub. He said that the first expansion contract for JKIA was awarded during his tenure as the Prime Minister but was later on cancelled after the grand coalition government left office. We had awarded the Greenfield airport contract before we left government with Mwai Kibaki in 2012. Th

'All our assets abroad are safe': Pranav Adani amid Israel-Iran tensions

Among the key concerns is the Haifa Port in northern Israel, which the Adani Group acquired in early 2023

Credai, Adani Cement tie up for workforce skilling, green construction

Credai has joined hands with Adani Cement to promote sustainable building practices and launch councils focused on workforce skilling and green development in real estate

Adani group plans Airport unit IPO by 2027, hastens $100 billion capex

The ports-to-power conglomerate has doubled the pace of its capital spending plan and now intends to plow $100 billion in five to six years instead of spreading it out over a decade

Cement sector to profit from $2.2 trn infra investment by 2030: Karan Adani

The cement industry will be a "key enabler" and is expected to benefit significantly from the approximately USD 2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. "The infrastructure sector, vital to realising India's economic ambitions by 2030, is projected to require investments of approximately USD 2.2 trillion. As a key enabler of infrastructure growth, the cement industry stands to benefit significantly from these investments," he said while addressing the shareholders. The cement sector is set for significant expansion, and its strategic priorities are designed to leverage this potential effectively, he added. ACC is part of Ambuja Cement, which holds the .

Gautam Adani’s salary trails peers & Group execs: Know how much he earns

Billionaire Gautam Adani earned ₹10.41 crore in FY25, a 12% rise from last year, however, his pay remains lower than many industry leaders, and even some top executives in his own companies.

Adani Group firms' tax contributions rise 29% to Rs 74,945 cr in FY25

Adani Group reports ₹74,945 crore in FY25 tax contributions through its listed entities, releases global Tax Transparency Report as part of ESG commitment

Adani Group sees 29 pc rise in tax payments to Rs 75k cr in FY25

Ports-to-energy conglomerate Adani Group saw a 29 per cent rise in tax outgo across portfolio companies to nearly Rs 75,000 crore, it said on Thursday. This includes both direct and indirect taxes paid, as well as payments towards employee social security. "For fiscal year 2025 (April 2024 to March 2025 financial year), the Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore, from Rs 58,104 crore in FY 2023-24, through its portfolio of listed entities," it said in a statement. The Rs 74,945 crore tax outgo in FY25 is roughly the cost of building the entire Mumbai Metro network - an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics. Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions stood at Rs 45,407 crore, while other contributions added at Rs 818 crore. The conglomerate said that among its publicly listed entities, the lea