Adani Group

News and Trends

Adani Ports and SEZ Acquires 80% Stake in Astro For $185 Million

APSEZ enters into a definitive agreement to acquire 80 per cent stake in Astro Offshore group (Astro) in an all-cash deal for $185 million, implying an estimated value of $235 million

News and Trends

BHEL in Agreement With Adani Power For Orders Worth INR 11,000 Crore

BHEL secures orders from Adani Power worth INR 11,000 crore with supply of projects to be completed in 49 months (Kawai Phase-II), 52 months (Kawai Phase-III) and 55 months (Mahan Phase-III)

News and Trends

Adani Looking to Build Ships at the Group's Flagship Port, Mundra in Gujarat; Largest in the Country

Adani group is eyeing a potential market for ship-building in their Mundra port in Gujarat

News and Trends

Adani Group to Invest INR 1.3 Trillion in FY25; Plans to Invest $100 Billion in Next 10 Years

The Adani Group is gearing up for a significant expansion in FY25, with plans to invest INR 1.3 trillion across its diverse portfolio with side plans to raise $3 billion in equity.

News and Trends

Digital Initiatives Shaping the Future of Construction Industry

Ambuja Cements Limited and ACC Limited, of Adani Cement, unveil their commitment towards a series of visionary digital initiatives with operational excellence, customer-centric solutions and cutting-edge digital initiatives.

News and Trends

Adani Group Acquires Penna Cement

Ambuja Cement enters into a binding agreement to acquire 100 per cent stake in Penna Cement Industries Ltd, moving towards its target capacity of 140 million tonnes per annum (MTPA) by 2028.

News and Trends

Adani Group Aims To Be India's Largest Cement Manufacturer With $3 Billion Acquisition: Report

Adani Group is eyeing a potential $3 billion cement acquisition in lieu of recent boom in the infrastructure sector by the government.

News and Trends

Adani TotalEnergies E-Mobility To Set Up EV Chargers At New MG Dealership

A digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application.

News and Trends

Ambuja Cements Acquires Sanghi Industries For INR 5000 Crore

As per the company, the acquisition of SIL will help ACL to strengthen its market leadership and increase its cement capacity to 73.6 MTPA from the current 67.5 MTPA

News and Trends

Adani Group's $1.1 Billion Copper Project To Begin Operations From March 2024

Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum in two phases

News and Trends

AdaniConneX Seals Data Center Financing Deal In India With $213 Million

The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes 'Chennai 1' campus with Phase 1 of 17 MW and Noida campus of 50 MW

News and Trends

Adani Group Promoters To Prepay $1.1 Billion Loan

With the repayment of such amount, the shares of Adani listed company shall be released in due course, said a company statement

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SBI Granted Loans Worth INR 21,000 Crore To Adani Groups, Half Of What Allowed Under Rules: Report

The report also claimed that more than INR 1600 crore of the amount was granted to Adani Group through SBI's overseas units

News and Trends

Why Adani Enterprises Withdrew Its FPO

This decision will not have any impact on the company's existing operations and future plans as it will continue to focus on timely execution and delivery of projects, the company said in a statement

News and Trends

LIC Has No Plans To Bid For More In Adani Share Sale: Report

LIC took 5% share offering's anchor portion of $736 million, but has revealed that no plans to bid for more in the ongoing book building process that closes on Tuesday