AHMEDABAD: Adani Group will invest about Rs 2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will invest about Rs 1.5…
Significant milestone for Adani Group! Adani Green Energy has become India’s first company to have 10,000 MW renewable energy capacity. Gautam Adani, Chairman of the Adani Group, expressed pride in the achievement stating, “We are proud to be India’s first das hazari in the renewables space.”Adani Green Energy Ltd on Wednesday said it has commissioned…
MUMBAI: Billionaire Gautam Adani-controlled Adani Group has infused Rs 6,661 crore in Ambuja Cements and raised its stake by 3.6% to 66.7%, a company release said. Harmonia Trade & Investment, an arm of the group, converted 21.2 crore warrants into shares at the rate of Rs 314 per share. In Thursday’s strong market, Ambuja Cements…
The Supreme Court on Monday dismissed a plea of Adani Power Rajasthan Ltd seeking over Rs 1,300 crore as late payment surcharge from the Jaipur Vidyut Vitran Nigam Limited, a Rajasthan government-owned power distribution firm. Imposing Rs 50,000 as cost on Adani Power Rajasthan Ltd (APRL), a bench comprising Justices Aniruddha Bose and PV Sanjay…
Adani group plans to invest more than Rs 1.2 lakh crore (about $14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, sources said.The…
Some foreign companies are paring stakes in their Indian businesses, taking advantage of the nation’s booming equity market to raise cash.At least seven firms including US home appliance giant Whirlpool Corp and Singapore Telecommunications Ltd, have reduced holdings in their local units since June, data compiled by Bloomberg show. British American Tobacco Pl. said Monday…
Adani Group began marketing a $409 million bond in what would be its first dollar note sale after a report last year by short seller Hindenburg Research, adding to signs of a rebound in investor confidence.The conglomerate’s solar energy unit Adani Green Energy Ltd and associated firms are offering the 18-year note at initial price…
Billionaire Gautam Adani’s conglomerate started two defense facilities in northern India this week at an investment of 30 billion rupees ($362 million), bolstering the country’s campaign to become self-reliant and promote local manufacturing. Built by Adani Defence & Aerospace, a closely held firm in the Adani Group, at Kanpur in the Uttar Pradesh state across…
AHMEDABAD: Adani Group-owned Adani Total Gas Limited on Monday announced it has signed a mutual support agreement, with Inox India Limited (INOXCVA), to partner for delivery of LNG and LCNG equipment and services.As part of the agreement, ATGL will get preferential treatment and access to advanced scheduling and consideration for joint opportunities to set up…
The main port in Colombo. | Photo Credit: Reuters On January 9, 2024, the United National Party (UNP) proposed incumbent Ranil Wickremesinghe as the national presidential candidate for the elections. This move may garner support from some political parties. In July 2022, six-time Prime Minister Wickremasinghe was chosen for his economic credentials by a parliamentary…
