Page 24 - Gautam Adani

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani group Ebitda grows 42% in first quarter, reaches Rs 23,532 crore

Billionaire Gautam Adani's conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore, Adani group said in a statement. The conglomerate that spans 10 listed companies ranging from flagship incubator Adani Enterprises Ltd to ports business (Adani Ports & SEZ Ltd), renewable unit (Adani Green Energy Ltd), power utility (Adani Power Ltd), electricity transmission firm (Adani Energy Solutions), and city gas business (Adani Total Gas Ltd), had a net debt of Rs 18,689.7 crore after accounting for a cash balance of Rs 42,115 crore. Core infrastructure and utility platform, which generates stable and assured cash flows, generated EBITDA of Rs 20,233 crore, accounting for 86 per cent of the total ...

Adani Enterprises gains 3% as promoter firm buys 2% stake via open market

Founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.

Adani-led promoter group hikes stake in flagship firm AEL to 69.87%

Billionaire Gautam Adani-led promoter group has increased its stake in the group's flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said. The stake increase comes at a time when US-based boutique investment firm GQG Partners has been buying shares in Adani group firms. GQG has increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03 per cent last month by way of a bulk deal, stock exchange filings showed. GQG now has a stake in five of the 10 Adani Group firms. On August 16, it bought a 7.73 per cent stake in Adani Power Ltd. Promoter group firms Worldwide Emerging Market .

GQG Partners acquires 0.1% stake in Adani Ports, total holding now at 5.03%

The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group

Abu Dhabi's TAQA may invest up to $2.5 bn in Adani's power units: Report

TAQA may acquire a stake through a combination of primary infusion and secondary purchase of shares from promoter family entities

Adani Group takes bond brokers on Guj trip as it gears up to raise $1.8 bn

The Adani Group flew bankers to Mundra port in Gujarat to showcase infrastructure of India's largest private port and elaborate on the conglomerate's strong financial conditions and expansion plans

India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes

A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit

Adani Green Energy targets 45 gigawatts of renewable energy by 2030

Billionaire Gautam Adani's renewable energy company is targeting to set up 45 gigawatts (GW) of renewable energy capacity by 2030, as it looks to cut emissions and help India meet its carbon neutrality target. Adani Green Energy Ltd has 8,316 megawatts (8.3 GW) of operational renewable energy capacity and another 12,118 MW either nearing construction or under execution, sources close to the company said. The target is to take this 20,434 MW (operational plus under execution projects) to 45,000 MW or 45 GW by 2030, they said, adding AGEL is looking to build roughly 3 GW of capacity to generate electricity from solar and wind energy every year. French energy giant TotalEnergies holds a 19.7 per cent stake in AGEL. Recently US investment firm GQG Partners picked a 6.8 per cent stake in the company and Qatar Investment Authority (QIA) another 2.8 per cent. AGEL has a clear sight of how it will fund the renewable capacity addition, they said without giving details. The capacity AGEL is

SC hearing in Adani-Hindenburg saga: Sebi seeks 15 more days to file report

Markets regulator's application before Supreme Court says it has 'progressed substantially' in investigation

Adani group stocks fall as Deloitte resigns as auditor for Adani Ports

Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. Shares of Adani Enterprises tanked 5.41 per cent, Adani Transmission fell by 4.77 per cent, Adani Power declined by 4.23 per cent, Ambuja Cements dived 4 per cent and Adani Ports skidded 3.70 per cent on the BSE. The stock of Adani Green Energy declined by 3.22 per cent, Adani Wilmar (3.14 per cent), Adani Total Gas (3 per cent), NDTV (3 per cent) and ACC (2.23 per cent). In the equity market, the 30-share BSE Sensex quoted 335.61 points down at 64,987.04. The resignation came weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research. In a statement, Adani Ports & Special Economic Zone ...

Top headlines: Adani probe ends, chana prices rise ahead of festival season

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Deloitte, Adani Ports & SEZ spar over Hindenburg Research's claims

Had sought external examination of Hindenburg's allegations: Deloitte

Adani Enterprises denies reports of exiting $6 billion venture with Wilmar

Earlier this week, Bloomberg reported that Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International

Gautam Adani prepared to go solo on hydrogen mega-project in India

Adani's first green hydrogen venture is a $5 billion integrated facility that will also include manufacturing plants for wind turbines and solar modules and renewable generation capacity

Adani Ports Q1FY24 results: Consolidated net profit up 80% to Rs 2,119 cr

The net profit was 85.7 per cent higher as compared to Rs 1,140.97 crore in the quarter that ended on March 31

Hindenburg nabs tiny gains off $173 bn carnage, wipes out $99 bn of wealth

The surprise is that Anderson, 39, who runs tiny Hindenburg Research with a team of roughly a dozen researchers, probably reaped relatively small profits from those fights

From ports to mines, Gautam Adani wants all his businesses to go green

Adani has put 2030 as the deadline for Adani Ports and SEZ Ltd, India's largest integrated ports and logistics company, to become net carbon-neutral

Adani Ent Q1FY24 result: Consolidated net profit up 43% to Rs 673 crore

The revenue from operations for Q1FY24 came in at Rs 25,438.45 crore, compared to Rs 40,844.25 crore year-on-year