Page 5 - Adani

Adani Group outlines transport network in rebuild of Mumbai's Dharavi slum

A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports

Lokpal dismisses complaints against ex-Sebi chief Madhabi Puri Buch | Hindenburg case

In a major development, the high-profile case involving serious allegations against former Sebi chief Madhabi Puri Buch.

'Adani Ports planning return to local debt market after 17 months hiatus'

The company is set to raise as much as Rs 5,000 crore ($583.57 million) through the sale of bonds maturing in 15 years

Adani Group FY25 ebitda up 8.2% at Rs 89,806 cr, infra sectors drive growth

Adani Group posted an 8.2% rise in FY25 EBITDA to ₹89,806 crore, with strong growth in core infra sectors, record capex and a marked decline in leverage metrics

AAH severs ties with Turkey's Celebi for Mumbai, Ahmedabad airports

Adani Airport Holdings on Thursday said it has terminated the ground handling concession agreements with Turkish firm Celebi for the Mumbai and Ahmedabad airports. It also said that Celebi has been directed to immediately hand over to the company all ground handling facilities to ensure uninterrupted operations. The decision to terminate these concession agreements was taken after the Union government revoked the security clearance of the Turkish aviation firm. It said Adani Airport Holding owns and operates the Mumbai and Ahmedabad airports, as well as the Mangalore, Guwahati, Jaipur, Lucknow, and Thiruvananthapuram airports. "Following the government of India's decision to revoke Celebi's security clearance, we have terminated the ground handling concession agreements with Celebi at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Ahmedabad's Sardar Vallabhbhai Patel International Airport (SVPIA). "Accordingly, Celebi has been directed to immediately hand o

Centre terminates services of SECI Chairman R P Gupta with immediate effect

SECI was at the heart of several controversies involving Adani, JSW & R-Power

India in 'sweet spot' amid tariff war, sees trade growth: Karan Adani

Karan Adani says US-China tariff war is boosting India's container trade, APSEZ to invest Rs 12,000 crore in FY26 and targets Vizhinjam port completion by 2028

Adani Power says hopeful Bangladesh will pay all outstanding dues

Adani had halved supply last year but CFO Dilip Jha said the company has resumed full supply since as the country's monthly payments started covering some of the dues

Adani's Vizhinjam port to expand capacity with launch of second phase

The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships so far, is forecast to attract about Rs 9,500 crore ($1.1 billion)

Adani Ports' profit jumps 48% in Q4FY25; cargo volume grows 8% to 118 mmt

The company posted a profit of ₹3,014.22 crore for the quarter under review, beating the Bloomberg analysts' estimate of ₹2,662.1 crore

Airtel powers 5G service with spectrum buy from Adani Data Networks

Bought by ADN in the 2022 5G auctions, the airwaves are in the sought-after 26 GHz band

₹10,000 cr Adani township coming up near Navi Mumbai Airport. Details

Adani Realty is planning a 1,000-acre township project near Navi Mumbai Airport, inspired by its Shantigram model

Govt tweaks city gas policy, moves to advance quarterly allocations

The government will now allocate natural gas to CNG and piped cooking gas retailers two quarters in advance to give city gas companies greater clarity, the Oil Ministry said Friday. With city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd reporting pressures on margins after the allocation of cheaper administered price or APM gas to them was cut without giving enough advance notice, the ministry decided to tweak the allocation policy. "From Q1 (first quarter) of FY 2025-26 (April 2025 to March 2026 financial year), domestic natural gas allocations for CNG (Transport) and piped natural gas (domestic household cooking gas) segments will be done on a two-quarter advance basis," the ministry said in a statement. Besides the lower-priced APM gas produced from old fields given on a nomination basis, the allocation will also now include gas from new wells drilled on the nomination fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India

Govt cuts cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas

The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut in supply of gas from legacy fields, called Administered Price Mechanism (APM) gas, the three city retailers said in separate stock exchange filings. The production of APM gas, which is currently priced at USD 6.75 per million British thermal unit, is declining at the rate of 9-10 per cent annually as recovery from old and ageing fields falls. Oil and Natural Gas Corporation (ONGC) is investing in drilling more wells to maintain the output, but that additional cost is reflected in a higher price of the gas thus produced. Such gas is called new well gas and is priced at about USD 8 per mmBtu. In the last one year, APM gas supplies to city gas retailers have been cut by alm

Maharashtra's Dharavi plan to shift thousands to toxic landfill sparks row

Maharashtra clears Adani-backed plan to relocate over 50,000 Dharavi residents to Deonar landfill, which may violate CPCB guidelines

Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates' assets

JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024

Adani, Vedanta, Patanjali among 26 in fray to acquire Jaiprakash Associates

JAL has major real estate projects like Jaypee Greens in Greater Noida, a part of Jaypee Greens Wishtown in Noida (both on the outskirts of the national capital), and Jaypee International Sports City

Chile's Codelco to supply copper concentrate to Adani Group-owned smelter

The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad

Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission

Adani Energy Solutions on Thursday announced acquisition of a project special purpose vehicle Mahan Transmission, which will evacuate 1,230 MW power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district. The company has on 26th March, 2025... executed share purchase agreement with REC Power Development and Consultancy Ltd for acquiring 100 per cent equity shares of Mahan Transmission Ltd (MTL), a regulatory filing said. According to the filing, equity shares are being acquired at a face value of Rs 10 each for a cash consideration. It also stated that the acquisition is completed and the total authorised and paid-up share capital of the MTL is Rs 5 lakh. The MTL is incorporated in India and was registered with the Registrar of Companies, New Delhi, on November 20, 2024. This acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. The MTL will evacuate 1,230 MW of

Adani Group eyes Jaiprakash Associates acquisition by insolvency route

Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Adani Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The JAL's total outstanding loans from banks and financial institutions stood at Rs 55,493.43 crore as of February 20, 2025. The company also recently inform