Ambuja Cements incorporates three wholly-owned subsidiaries to bolster aircraft, cement business
Sep 23, 2023, at 05:35 am
Mumbai: Adani Group company Ambuja Cements Ltd informed the stock exchanges on Friday that it has acquired three wholly-owned subsidiary companies namely, Lotis IFSC Private Ltd, Ambuja Concrete North Private Ltd and Ambuja Concrete West Private Limited in order to carry business in aircraft and cement sectors, media reports said.
Total Energies to invest $300 million in 50:50 JV deal with Adani Green arm
Sep 21, 2023, at 03:36 am
Mumbai: French energy major TotalEnergies SE has signed a definitive termsheet with Adani Green Energy Twenty Three Limited (AGE23L), Moneycontrol reported.
TotalEnergies to invest in Adani Green Energy's renewable energy projects
Sep 16, 2023, at 04:54 am
Mumbai: TotalEnergies SE is reportedly in discussions to invest in renewable energy ventures developed by Adani Green Energy Ltd, Bloomberg reported.
Adani Group in talks to refinance debt 3.5 billion debt, Asia's biggest loan this year: Report
Sep 14, 2023, at 04:31 am
Mumbai: Adani Group is in talks with banks to refinance $3.8 billion worth of debt taken for the acquisition of Ambuja Cement Ltd, making it the biggest loan in Asia this year, Bloomberg reported.
Adani Group stocks surge as market pays no heed to OCCRP's allegations of malpractice
Sep 02, 2023, at 05:20 am
Mumbai: A day after Gautam Adani-led Adani Group strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP), its shares recovered from intra-day lows to trade in the green, apparently reflecting the minimal impact of the charges on investors.
Sep 01, 2023, at 05:59 am
Mumbai: Gautam Adani-led Adani Group has strongly rejected the fresh allegations of stock manipulation by the Organised Crime and Corruption Reporting Project (OCCRP).
Adani group EBITDA jumps 42 pc in Q1
Aug 23, 2023, at 10:00 pm
New Delhi: On the back of robust performance in infrastructure and utility segments, Adani Group has reported 42% year-on-year rise in its pre-tax profit at Rs 23,532 crore for April-June period (Q1) of financial year 2023-24.
Adani Group appoints MSKA & Associates as new auditor for Adani Ports and Special Economic Zone
Aug 14, 2023, at 03:30 am
Ahmedabad: The Adani Group has appointed accounting firm MSKA & Associates as the new auditor for Adani Ports and Special Economic Zone (APSEZ), replacing Deloitte. The group said on Saturday that it found the reasons given by Deloitte for resigning as the company's auditor to be "unconvincing", according to media reports.
Adani Enterprises Q1FY24 PAT soars 44% YoY to Rs 674 cr
Aug 04, 2023, at 02:31 am
Mumbai: Adani Enterprises on Thursday reported its financial results for the quarter ending in June 2023, revealing a consolidated net profit of Rs 674 crore, an increase of 44 percent compared to the net profit of Rs 469 crore reported in the previous fiscal year.
Adani Group's Ambuja Cements acquires Sanghi Industries for Rs 5,000 cr
Aug 03, 2023, at 11:57 pm
Mumbai: Adani Group-owned Ambuja Cements Ltd (ACL) has acquired Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore, the company said in a press release on Thursday.
Adani Total Gas registers 9% growth in Q1FY24 profit riding on CNG sales
Aug 02, 2023, at 07:25 am
Mumbai: Adani Total Gas reported a nearly 9% increase in first-quarter profit on August 1, primarily attributed to higher sales of compressed natural gas (CNG), Reuters reported.
Jul 16, 2023, at 03:06 am
Dhaka/Ahmedabad: Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Jharkhand’s Godda.
Jul 12, 2023, at 03:49 am
New Delhi: The Supreme Court on Tuesday adjourned the string of petitions on the Adani-Hindenburg row, media reports said.
Adani JV secures $213 mln funding to finance data centers in Noida and Chennai
Jun 24, 2023, at 05:17 am
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has secured $213 million in funding to support its data center projects in Noida and Chennai, media reports said.
Jun 22, 2023, at 05:45 am
Mumbai: Reliance Industries Ltd, led by billionaire Mukesh Ambani, holds the top spot as the most valuable private company in India, with a staggering value of Rs 16.4 lakh crore, as per Hurun India's 2022 Burgundy Private Hurun India 500 list.
Adani Group in talks for major debt refinancing first time after Hindenburg report
Jun 14, 2023, at 01:03 pm
Mumbai: The Adani Group is engaged in discussions with lenders, including global banks, to refinance a loan facility of up to $3.8 billion that was obtained for the acquisition of Ambuja Cements Ltd. last year, Bloomberg reported.
Odisha train mishap: Gautam Adani takes responsibility to educate children orphaned in the accident
Jun 05, 2023, at 04:28 am
New Delhi: Gautam Adani on Sunday announced that the Adani Group would assume the responsibility of providing education for children who tragically lost their parents in the Odisha triple train accident.
Adani Ports and Special Economic Zone Q4FY23 net profit grows 5.1% to Rs 1,158.88 cr
May 31, 2023, at 05:04 am
Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.
May 13, 2023, at 02:56 am
New Delhi: The Supreme Court on Friday announced that it would review the report presented by the court-appointed six-member committee before deciding whether to grant the Securities and Exchange Board of India (SEBI) an extension for completing the investigation regarding the Adani-Hindenburg matter.
Hindenburg-Adani issue: Expert panel submits report to SC in sealed cover
May 11, 2023, at 06:23 am
New Delhi: The six-member expert committee, formed by the Supreme Court to investigate the allegations levelled by US short-seller Hindenburg Research against Gautam Adani’s ports to power conglomerate Adani Group, has submitted its report to the top court in a sealed cover recently.
May 05, 2023, at 02:45 am
Mumbai: Gautam Adani led Adani Group’s flagship firm Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, riding on a strong performance from its key coal trading division, Reuters reported.
May 04, 2023, at 03:12 am
Mumbai: Adani Wilmar Ltd on Wednesday said it recorded a 15% volume growth in Q4 FY23 while consolidated revenue witnessed a decline of 7% to Rs 13,873 crore, due to a fall in prices of edible oil.
Adani-Hindenburg Row: SEBI moves SC seeking direction for six more months to complete probe
Apr 30, 2023, at 12:59 am
New Delhi: Stock market regulator Securities and Exchange Board of India (SEBI) on Saturday sought more time to complete its probe into US short seller Hindenburg Reseach's allegations of “brazen stock manipulation” and an “accounting fraud scheme” against the Adani group.
Adani Group prepays $200 million part of debt used to acquire Holcim's India units: Report
Apr 29, 2023, at 02:21 am
Mumbai: Adani Cement Industries Ltd. has made a pre-payment of $200 million in the last week to reduce its $1 billion mezzanine loan that it had taken from global banks to finance the acquisition of Holcim Ltd.'s Indian units, Bloomberg reported citing sources.
India's Adani Power begins supplying thermal power to Bangladesh
Apr 12, 2023, at 12:12 am
Godda: Adani Power Limited (APL), a part of the diversified Adani Group, announces the commissioning of its first 800 MW ultra-super-critical thermal power generation unit at Godda in the Jharkhand district of India and begins supplying Bangladesh with 748 MW of power.
Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report
Apr 05, 2023, at 04:46 am
Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.
Adani Group completes full prepayment of margin-linked share-backed loans
Mar 14, 2023, at 05:28 am
Mumbai/IBNS: The Adani Group has completed the full prepayment of margin-linked share-backed financing aggregating $2.15 billion, well ahead of its committed timeline of March 31.
Adani Group repays $500 million bridge loan to restore investors' faith: Report
Mar 09, 2023, at 03:33 am
Embattled Adani Group has settled a $500 million bridge loan due on Thursday, as part of its effort to restore faith in its financial stability following a critical report from US-based short seller Hindenburg Research, Bloomberg reported.
Adani Group prepays Rs 73.74 billion share-backed financing: Report
Mar 08, 2023, at 05:37 am
Adani Group on Tuesday said that it has prepaid share-backed financing worth Rs 73.74 billion ($901.16 million) as part of its promoters’ commitment to cut down overall leverage backed by shares of the group's listed companies, Reuters reported.
Adani Enterprises removed from NSE's short-term additional surveillance framework
Mar 08, 2023, at 05:15 am
Mumbai/IBNS: Adani Enterprises, the flagship company of the Adani conglomerate that deals with ports and power, has been taken off the National Stock Exchange's (NSE) short-term additional surveillance framework, media reports said on Monday.