Adani Group will infuse equity up to the equivalent of $1.45 billion to fund the transaction
Adani Ports reported an 18 per cent rise in Q2FY27 net profit to Rs 3,682 crore and 24 per cent revenue growth, prompting it to raise its FY27 revenue, Ebitda and capex guidance.
Adani Enterprises' Q2 net profit fell 55% to ₹1,492 crore due to a high year-ago base, while total income surged 74% to ₹38,023 crore and EBITDA rose 62% to ₹6,316 crore.
Adani Total Gas' Q2FY27 net profit rose 3% to ₹167 crore, while revenue jumped 34% to ₹2,102 crore, driven by higher CNG and PNG sales despite a 43% rise in natural gas costs.
US Secretary of State Marco Rubio met Adani Group chairman Gautam Adani and Tata Sons chairman N Chandrasekaran in Mumbai on Wednesday morning before heading to Jamnagar in Gujarat to visit Reliance Industries' giant oil-refining complex, the world's largest single-site refinery, along with Vantara and giga factories being developed by the conglomerate. Rubio, who arrived in Mumbai on Tuesday afternoon, first met Adani, followed by a meeting with Chandrasekaran, sources said. Neither side released details of the meetings. Adani heads one of India's largest conglomerates, with interests spanning ports, airports, energy, logistics and infrastructure. The group has also been expanding its renewable-energy and manufacturing businesses, sectors that are central to India's ambitions to strengthen domestic supply chains and attract global investment. Chandrasekaran, who leads Tata Sons, the Tata Group's holding company, oversees a sprawling business empire with interests in automobiles, .
Gautam Adani, four Adani group firms and 13 others paid a cumulative ₹1.48 crore to settle proceedings over alleged non-compliance with minimum public shareholding norms.
The Adani Group is set to deepen its presence in India's rapidly expanding data-centre industry as the proposal by one of its subsidiaries to develop a Rs 1.04 trillion integrated data-centre park has
The conglomerate will invest across ports, logistics, energy, roads, green cement and data centres, while its Rs 4,000-crore hospital project is under way in New Town
Adani Group Chairman Gautam Adani on Thursday announced that the conglomerate would invest more than Rs 1 lakh crore in West Bengal by 2035. Addressing a gathering after laying the foundation for a 2,000-bed hospital in the New Town area near Kolkata along with Chief Minister Suvendu Adhikari, Adani said the group would spend Rs 4,000 crore on the multi-speciality 'Adani Arogya Mandir', and the project would create 10,000 jobs. Adani Group investments in West Bengal will be in ports, logistics, power, roads and data centre, the industrialist added.
Adani said conventional credit models may not capture ecosystem multipliers, adjacency value and strategic resilience created by large integrated infrastructure platforms
Billionaire Gautam Adani urged India's credit-rating agencies on Monday to develop broader analytical frameworks for infrastructure projects, arguing that conventional models can underestimate the economic and strategic value of large platforms that create new markets and industrial ecosystems. Speaking at the CareEdge Group Annual Summit in Mumbai, the Adani Group chairman said India did not need lower credit standards but "wider lenses" to assess infrastructure whose value extends beyond the cash flows of a single asset. "India does not need lower standards. India needs wider lenses," Adani said, calling on CareEdge to develop what he described as the world's first comprehensive credit framework for "integrated platform infrastructure." The remarks come as India accelerates investment in ports, renewable energy, power transmission, digital infrastructure and manufacturing as it seeks to build a more developed economy by 2047. Adani argued that conventional credit models, often bu
The shares have surged 34% so far in 2026, putting the company on track to end the year as the top gainer on the NSE Nifty 50 Index
Adani Group Chairman Gautam Adani on Wednesday said the dismissal of the US criminal case has left him with humility rather than triumph, saying the experience reinforced his faith in the rule of law and the importance of honouring commitments through periods of adversity. Speaking to employees and partners in the second edition of Apni Baat, Apno Ke Saath, Adani reflected on the Hindenburg Research allegations of 2023 and the subsequent US Justice Department case, days after a federal judge in New York dismissed the criminal charges against him and his nephew Sagar Adani. The judge's ruling ended the criminal case, but also raised concerns about the Justice Department's decision-making process. Adani said the episode had strengthened his conviction that "enduring confidence is earned by honouring commitments, standing by one's values and doing the right thing, especially in difficult times", according to a statement issued by the conglomerate. Recalling the Group's decision to ...
Congress leader Rahul Gandhi on Wednesday criticised Prime Minister Narendra Modi after a US federal judge permanently dismissed criminal charges against Adani Group Chairman Gautam Adani, saying there is much more to this than meets the eye as a "compromised PM" was forced to sell India's interest. The Leader of Opposition in Lok Sabha also claimed that India is paying a huge price for it. In an X post, Gandhi shared a screenshot of a media report on the US court approving the US Justice Department's request to dismiss the charges against Adani and his nephew Sagar Adani. "There is much more to this than meets the eye," he said in his post. "A compromised PM was forced to sell India's interest. India is paying a huge price," the post read. The US federal judge permanently dismissed criminal charges against Gautam Adani and nephew Sagar Adani, removing a major legal overhang that had dogged the ports-to-energy conglomerate for nearly two years. US District Judge Nicholas Garaufis
The two-year US legal saga over alleged bribery and securities fraud ends with criminal charges dismissed, while Gautam Adani and Adani Enterprises resolved parallel civil cases with US agencies
Brooklyn-based US District Judge Nicholas Garaufis dismissed conspiracy, securities and wire fraud charges brought against them in a late-night order, marking an end to Adani's US legal troubles.
US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar Adani
Adani Enterprises has ruled out plans to launch an airline, saying reports about its entry into the aviation business are baseless
A 10-week defence campaign involving about 600 pages of legal submissions, presentations and expert testimony helped persuade the US Justice Department to drop bribery and securities fraud charges against billionaire Gautam Adani, according to newly unsealed court filings that detail how one of the year's highest-profile corporate prosecutions was abandoned. Robert J. Giuffra Jr, Adani's lead lawyer and co-chair of Sullivan & Cromwell, in a July 14 filing said the effort, which ran from February 3 to April 17, included a 118-page submission to prosecutors, a 12-page supplemental filing and two slide presentations totalling 130 pages. A separate 151-page presentation was also submitted to the US Securities and Exchange Commission in March. The filing provides the clearest public account yet of how federal prosecutors reversed course in one of the year's most closely watched corporate prosecutions. The case began on November 20, 2024, when US prosecutors unsealed an indictment ...
A Brooklyn federal prosecutor told the court he had no basis to question the Justice Department's decision to drop the fraud and bribery case against Adani, while stopping short of endorsing the move