Page 2 - Adani Enterprises

Bhutan king visits Adani's project sites, commends Mundra, Khavda

A high-level delegation from Bhutan led by its King and the Prime Minister on Tuesday visited Adani Group's flagship infrastructure project sites at Mundra and Khavda as part of their two-day visit to Gujarat. "Immensely grateful to His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan and Hon. @PMBhutan Dasho Tshering Tobgay for visiting Adani's 30 GW Renewable Energy site at Khavda and Mundra Port. Deeply inspired by Bhutan's vibrant spirit and steadfast commitment to eco-friendly initiatives. We are excited about doing our part to foster collaboration with the Land of the Thunder Dragon for a sustainable and greener future," group chairman Gautam Adani said in a post on X. Adani also posted pictures with the two. The primary aim of their visit was to explore extensive collaboration opportunities with the Adani Group across multiple sectors, sources said. In Mundra, Adani Group operates India's largest commercial port, while at Khavda it is developing the world's largest ...

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra dismissed the review plea filed by one of the PIL petitioners, Anamika Jaiswal, against the January 3 verdict. "Having perused the review petition, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed, the bench said in its order of May 5. The review petition was considered by the judges in chamber. In a significant win for the Adani Group, the top court, on January 3, declined to order a CBI or SIT probe. In its judgment, the apex court had said market regulator SEBI was conducting a "comprehensive investigation" into the allegation

Adani group's Vizhinjam port to see up to Rs 20K crore investment

Adani Ports to put in Rs 10K cr, may complete Phase-I in Sep, all phases by 2028

Adani Ports planning to invest $1.2 bn in new transshipment terminal

Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo's final destination

Adani Group announces merger, ownership restructuring for its cement assets

As part of the scheme, Adani Cementation will be merged with Ambuja, while Adani Cement Industries will become a wholly-owned subsidiary of Ambuja Cements

Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity

Bulk of the investments will be in the airport and green energy businesses, says senior executive

Hindenburg report timed to disrupt FPO, company growth strong: Gautam Adani

Addressing an annual general meeting with shareholders, Adani Group chairman Gautam Adani pointed out that certain sections of the media played a role in amplifying the attack

Adani Ports leads global peers in market value as cargo volumes surge

Adani Ports & Special Economic Zone Ltd.'s market capitalisation has climbed to about $37 billion

Adani Group firms make comeback, deliver record 45% Ebitda growth in FY24

Adani Group companies posted a record 45 per cent rise in pre-tax profit (EBITDA) to Rs 82,917 crore (about USD 10 billion) in FY24 as the apples-to-airport conglomerate made a massive comeback, the group said on Sunday. Emerging from a damning report of a US short seller, which hit the market value of its listed companies, Adani Group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54 per cent. As much as 84 per cent of EBITDA is from 'core infrastructure' businesses, providing highly predictable cash flows. Cash profit or funds flow from operations (FFO) was at Rs 56,828 crore, registering a growth of 51 per cent year-on-year through a disciplined investment strategy providing high conversion, Adani Group said in a statement. Strong Asset Base built over three decades supporting resilient critical infrastructure stands at Rs 4,78,137 cro

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP

Adani Energy Solutions had earlier announced its plan to raise up to Rs 12,500 crore through QIP or other permissible modes

Adani Ent, Adani Energy Solutions to consider fundraising next week

A year ago, Adani Enterprises and Adani Energy Solutions had sought board and shareholder approval for a similar proposal of raising up to Rs 12,500 crore and Rs 8,500 crore, respectively

Adani Group mcap rises to Rs 17.5 trn, highest since Hindenburg incident

Shares of flagship Adani Enterprises rose 8 per cent, followed by Adani Ports, which closed the day with a 4.7 per cent gain

Adani Group stocks rally; Enterprises surges 8%, Ports, Power hit new high

Report say Adani Enterprises may replace Wipro in the benchmark Sensex index. This may lead to inflows worth Rs 1,000 crore in the stock

Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex

Semi-annual rebalancing of BSE indices on Friday

Adani Enterprises to invest Rs 80k cr in current fiscal, says official

Adani Enterprises, billionaire Gautam Adani-led group's flagship firm that has interests spanning from new energy to airports and data centres, plans to spend Rs 80,000 crore across businesses in the current financial year, a senior company executive said. A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company. "We are looking at a capex of about Rs 80,000 crore in FY25, out of which a major part...will go in ANIL and airports business which take up about Rs 50,000 crore of capex," he said. ANIL is Adani New Industries Ltd which makes solar modules that convert sunlight into electricity, and green hydrogen. "Then the third would be in roads, which, because of Ganga Expressway, will be capex of Rs 12,000 crore and rest put together in other businesses," he said. "Because we are also ...

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

Adani Group stocks see little impact of Sebi notices on disclosure norms

Six group firms say they have received notices; legal experts say allegations don't seem to be very serious

Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms

Six Adani Group firms face Sebi scrutiny for alleged breaches in related party transactions and listing regulations