Page 6 - Adani

Adani Airports raises $750 mn from global banks to finance expansion

Adani Airports secures $750 million via ECB to refinance debt and fund expansion across six airports as it targets tripling passenger capacity by 2040

Adani considers entering airport ground handling bids after Celebi's exit

Celebi operated at nine airports in India, including gateway facilities in capital New Delhi and the commercial hub of Mumbai. Its operations were halted after Turkey voiced support for Pak

Adani may invest ₹6K cr in cooling solutions biz, set up unit at Mundra

Adani Energy Solutions plans a Rs 5,000-6,000 crore investment in centralised cooling, setting up India's largest unit at Mundra with Cooling-as-a-Service model

Adani Group stood firm amid scrutiny, now more formidable: Gautam Adani

Despite facing consecutive acquisitions and intense scrutiny, Adani Group never backed down and instead adapted its strategy, emerging more resilient, formidable and unbreakable, its chairman Gautam Adani said. The conglomerate will invest USD 15-20 billion over the next five years across businesses, he said touting its strong balance sheet and robust business growth. In January 2023, US short seller Hindenburg Research published a scathing report describing Adani Group as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over USD 150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. Just as the group scripted a comeback through a mix of trimming of debt, cutting back on the founder's pledged shares, bringing in both promoter and marquee investor equity, and refocusing attention on the group's core businesses, it was hit by US authorities charging Adani and his close associates

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