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 Group to materialise its $50 billion green hydrogen project with or without TotalEnergies
Aug 14, 2023, at 02:06 am
Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
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 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.
IRCTC dismisses Congress's claim on Adani-Trainman deal
Jun 19, 2023, at 01:19 pm
New Delhi: The Indian Railway Catering and Tourism Corporation (IRCTC) on Sunday rebuffed Congress general secretary Jairam Ramesh's statement regarding Adani's acquisition of Trainman, an online train booking and information platform.
Mar 07, 2023, at 08:19 pm
New Delhi: Australian High Commissioner to India Barry O'Farrell on Monday said that Adani group still remains a major investor in the country.
ICRA revises outlook for two Adani companies to 'negative'
Mar 04, 2023, at 07:29 am
Ratings agency ICRA has changed the outlook for two Adani group companies, namely Adani Ports and Adani Total Gas, from "stable" to "negative".
MC A10 Index improves 8% on Adani Enterprises stocks: Report
Mar 01, 2023, at 08:11 am
Mumbai: The MC A10 index, which is an indicator of Adani Group stocks, ended a seven-day losing streak due to some low-level purchasing in some of the companies, despite the benchmark indices closing half a percent lower, media reports said.
Despite turmoil, Adani gets boost from S&P rating
Feb 27, 2023, at 07:24 pm
Mumbai/IBNS: American Credit Rating Agency S&P Global has affirmed its rating on trouble-laden Adani Group with a stable outlook, media reports said.
Adani statement on pledge of shares of listed companies
Feb 06, 2023, at 09:58 pm
Chennai: Adani Group on Monday issued a statement on pledge of shares of its listed companies.
Amid crisis, Adani Enterprises withdraws fully subscribed FPO
Feb 02, 2023, at 04:45 pm
Thiruvananthapuram/UNI: The Board of Adani Enterprises Ltd. (AEL) has decided not to go-ahead with the fully subscribed Follow-on Public Offer (FPO).
Adani to launch Hydrogen-powered trucks this year
Jan 19, 2023, at 08:09 am
Chennai/UNI: Adani Enterprises Limited (AEL), part of the diversified Adani portfolio of companies, today signed an agreement to launch a pilot project to develop a hydrogen fuel cell electric truck (FCET) for mining logistics and transportation with Ashok Leyland, India, and Ballard Power, Canada.
Adani Enterprises to raise Rs 20,000 cr through FPO
Nov 26, 2022, at 05:10 am
Ahmedabad/IBNS: Adani Enterprises on Friday approved a Rs 20,000 crore further public offering (FPO) of equity shares of the company, media reports said.
After takeover, Adani Group announces infusion of Rs 20,000 cr in Ambuja Cements
Sep 18, 2022, at 02:13 am
Mumbai: The Adani Group completed the acquisition of Ambuja Cement and its listed subsidiary ACC on Friday, becoming India's largest conglomerate by market capitalisation and also announced a record preferential issue of stocks.
Adani Wilmar slashes edible oil prices by Rs 5-30 per litre
Jul 18, 2022, at 08:26 pm
New Delhi: Amid declining trend in global edible oil prices, Adani Wilmar on Monday announced a cut on maximum retail prices (MRPs) on its range of edible oils.
Adani Group to acquire 49 percent stake in digital news platform Quint
May 17, 2022, at 06:12 pm
Mumbai/IBNS: Indian billionaire Gautam Adani's Adani Group is set to acquire 49 percent stake in Raghav Bahl-run digital business news platform Quintillion Business Media, popularly know as The Quint, media reports said.
Adani Group acquires Holcim's stake in Ambuja Cement to become 2nd biggest producer in India
May 17, 2022, at 01:26 am
Gautam Adani-led Adani Group has acquired Holcim's stake in Ambuja Cement and its subsidiary ACC at a price tag of $10.5 billion (around Rs 81,361 crore).
14 companies shortlisted for drone PLI scheme
Apr 21, 2022, at 05:39 am
New Delhi: The aviation ministry today said it has shortlisted 14 companies under the Production-Linked Incentive (PLI) Scheme for drone and drone components. The list includes Adani joint venture company with Israeli firm Elbit as well as IdeaForge Technology.
Adani Total Gas Q3 PAT dips 12.51 pc to Rs 127.61 cr
Feb 03, 2022, at 03:41 am
Mumbai/UNI: Adani Total Gas on Wednesday reported a 12.51 per cent year-on-year decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 127.61 crore, largely on the back of higher expenses.
Adani Total wins rights to develop gas retail network in 14 cities
Jan 30, 2022, at 02:19 pm
New Delhi: Adani Total Gas Limited, a joint venture of Gautam Adani's gas unit and French energy major Total, has bagged deals to retail gas in 14 Indian cities, according to a statement from Petroleum and Natural Gas Regulatory Board (PNGRB).
Adani Wilmar raises Rs 940 cr from anchor investors
Jan 27, 2022, at 03:25 am
Mumbai/UNI: Ahead of the launch of its IPO, FMCG company Adani Wilmar has raised Rs 940 crore from anchor investors, it was reported here on Wednesday.
Adani Enterprises wins major coal import contract with NTPC
Jan 06, 2022, at 05:21 pm
Adani Enterprises Ltd has bagged a big contract with state-run power manufacturer NTPC to supply overseas coal as India plans to avoid a repeat of coal shortage that occurred last year due to flooding of coal mines and soaring demand, media reports said.
Maire Tecnimont Group and Adani Enterprise Ltd team up to develop green hydrogen projects in India
Mar 24, 2021, at 02:31 pm
Kolkata: Maire Tecnimont S.p.A. announces that through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV) has signed a Memorandum of Understanding with Adani Enterprises Ltd (AEL) to explore the development of industrial projects using NextChem and Stamicarbon’s technologies and MET DEV’s project development capabilities and expertise to industrialize green chemistry and circular economy sectors in India. The projects will be focused on producing chemicals, ammonia and hydrogen from renewable feedstock.
Adani Green Energy consolidated Q1 net profit stands at Rs 21.75 cr
Sep 11, 2020, at 10:10 pm
Mumbai/UNI: Adani Green Energy posted a consolidated net profit of Rs 21.75 crore for the quarter ended June 30, 2020 as against net loss of Rs 97.44 crore for the quarter ended June 30, 2019.
Adani Enterprises profit moves up to touch Rs 283 cr in Q4
May 29, 2019, at 05:00 pm
New Delhi, May 29 (UNI) Adani Enterprises Ltd, a part of the Adani Group, on Wednesday reported a net profit of Rs 283 crore in quarter 4 of fiscal 2018-19 against Rs 188 crore in the same period last year.