Page 19 - Gautam Adani

Adani begins discussions for first dollar bond sale since Hindenburg

The sprawling ports-to-power empire has trimmed debt, pared founders' share pledges and landed major projects over the past year, helping to rebuild confidence among investors and lenders

Adani Enterprises Q3 results: PAT jumps to Rs 1,888 cr, revenue up 6.5%

Higher margins and volumes in coal trading drove the division's EBITDA higher despite a fall in coal prices, Adani Enterprises said in a statement

Adani Ports Q3 result: Profits surge 68%, net profit reaches Rs 2,208 cr

Adani Ports and Special Economic Zone, India's largest private port operator, reported a nearly 68% surge in third-quarter profit on Thursday, helped by a jump in cargo volumes and higher tariffs

Adani Group's Ambuja Cements profit misses estimates on lower volumes

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies

Louis Vuitton's Bernard Arnault overtakes Elon Musk as world's richest man

At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list

Adani Group to buy 6 Pilatus PC-24 business jets for top executives: Report

The deal would cost Adani Group over Rs 300 crore for all six aircraft since the purchase is from the resale market

Hindenburg report anniversary: We have emerged stronger, says Gautam Adani

A year after a damning report by a US short seller ripped through his apples-to-airport conglomerate, billionaire Gautam Adani on Thursday said the "trials and tribulations" of the past year have made the Adani group stronger as it continued on growth path, improving asset base and launching key projects, including the Dharavi redevelopment. In a column in a leading newspaper, he said the Adani group raised Rs 40,000 crore of equity -- equal to debt repayment for the next two years -- through stake sales in some firms, repaid Rs 17,500 crore of margin-linked financing, and trimmed debt. Sustained focus on operations yielded the highest-ever quarterly profit in the second quarter of current fiscal, he said. Most of the listed group companies have recouped losses induced by the Hindenburg report. "We remained committed to maintaining our growth momentum. The Group continued its investments, evidenced by our asset base growth to Rs 4.5 lakh crore," he said. "This period (of last one

Let Ram mandir's doors be gateway to enlightenment, peace: Gautam Adani

Gautam Adani's comments follow merely hours before the grand inauguration ceremony of the temple, dedicated to the revered Hindu god Ram, takes place in Uttar Pradesh's holy city, Ayodhya

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Ram temple consecration ceremony: All roads lead to Ayodhya today

Prime Minister Narendra Modi will attend the rituals on Monday, following which the shrine will be opened for the public a day later

UltraTech Cement's Q3 profit rises 68% on the back of price hikes, demand

Revenue from operations climbed about 8% to Rs 16,740 crore for three months ended Dec. 31, beating analysts' average estimate of Rs 16,619 crore, as per LSEG data.

Adani Group firms face busy HR year, see internal rejig as businesses grow

Spokesperson says similar adjustments made in the past while expanding into new sectors

WEF: Green hydrogen to lead towards zero carbon future, says Gautam Adani

Writing in a blog post on the World Economic Forum site, Adani said for India, the equitable solution is not to replace one fossil fuel with another but to leapfrog to renewables and green hydrogen

Green hydrogen to play key role in India's net zero journey: Gautam Adani

Billionaire Gautam Adani on Tuesday said green hydrogen holds the key to India's journey to net-zero carbon emissions, and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum (WEF), the head of apples-to-airport Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security and improve air quality in cities. Green hydrogen produced by splitting water using renewable electricity is a clean fuel with no carbon emissions. It can be used as a feedstock in industries like steel and oil refineries and as fuel in automobiles and produces water on being burnt. "Renewable energy has come a long way but relies on the right weather conditions; green hydrogen could be a viable alternative to fossil fuels," Adani said. Green hydrogen relies on renewable energy. And so the production cost of renewable energy must fall faster than green hydrogen's to be viable. Vertical integration, where a

Dharavi residents to get 350 sq ft flats after redevelopment: Adani Group

The Adani group on Monday said it will offer eligible residents of the Dharavi slum clusters new flats measuring 350 sq ft. The Adani group, which is redeveloping Dharavi slums in collaboration with the Maharashtra government, claimed the flat size was "17 per cent more" than what is offered as part of slum redevelopment projects. The new flats will have a kitchen and toilet, Adani said in a statement, adding that earlier, the dwellers of informal settlements were given houses measuring 269 sq ft. Since 2018, the state government started giving them homes measuring 315-322 sq ft. The redeveloped area will also have community halls, recreational areas, public gardens, dispensaries and daycare centres for children. January 1, 2000 has been decided as the cut-off date to determine eligible residents. The "ineligible residents" will be provided accommodation under the proposed affordable rental housing policy, as per the state government's norms. The Dharavi Redevelopment Project is

GQG's initial bets on Adani Group firms soar to $4.3 billion: Report

While Adani Green Energy Ltd. doubled from the price GQG paid soon after the purchase in March, flagship Adani Enterprises Ltd. reached that milestone in December

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of billionaire industrialist Gautam Adani, on Wednesday. Speaking to reporters on the sidelines of a programme here, Adani said that all the airports in the company's fold are currently expanding in terms of capacity and have collectively registered 80 million passengers last year. "In the near future, yes (on listing of airports vertical). It depends. We have a couple of triggers that we need to cross before we will do that. First big one is obviously Navi Mumbai (airport) being operationalised and having its first stable year of operations. But that is one of the triggers," Jeet Adani said, replying to a query when the airports vertical will be listed. Adani Airport Holdings Limited (AAHL), a 100 per cent subsidiary of Adani Enterprises Ltd, currently manages seven airports- Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur,

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Billionaire Gautam Adani on Wednesday announced an investment of over Rs 2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space. Speaking at the Vibrant Gujarat Global Summit here, he said the investment will create 1 lakh jobs. Of the Rs 55,000 crore committed at the last summit, Adani Group has already spent Rs 50,000 crore, he said. The apples-to-airport group is now building a green energy park in Kutch having a 30 GW capacity spread over 25 square kilometre which would also be visible from space, he added. Since 2014, India has achieved a 185 per cent growth in GDP and 165 per cent growth in per capita income which is unparalleled given the geopolitical and pandemic-related challenges, Adani said.

HC keeps abeyance in CBI, DRI inquiry of over-invoicing by Adani group

The Delhi High Court has kept in abeyance its order asking the CBI and the Directorate of Revenue Intelligence (DRI) to meticulously and expeditiously look into allegations of over-invoicing of imports by the Adani Group. A bench of Justices Suresh Kumar Kait and Neena Bansal Krishna, while noting in its January 5 order that a petition filed by the Commissioner of Customs (Import) in a matter involving Adani Power Maharashtra Limited is pending before the Supreme Court, said its December 19, 2023 directions to the CBI and DRI in respect of Adani Group firms be kept in abeyance until the outcome of the matter before the top court. On December 19, 2023, the high court had directed the two federal probe agencies to meticulously and expeditiously look into the allegations of over-invoicing of imports by various power generating companies in India, including the Adani Group and the Essar Group, to ascertain the factual position and take appropriate action against the erring ...