A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore’s PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. … Continue reading Adani Ports, PSA, JSW sets sight on Rs 7,000 crore Tuticorin project | Economy & Policy News
Tag: Adani
Adani Group to shift grounded planes to smaller airports for parking space | News
Premium The Adani Group currently manages the airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur and Thiruvananthapuram. It is also building Navi Mumbai airport | Representative Photo: Unsplash.com The Adani Group is engaged in discussions with the government to relocate a significant number of grounded planes to smaller airports in Guwahati and Thiruvananthapuram to… Continue reading Adani Group to shift grounded planes to smaller airports for parking space | News
Adani Energy achieves $1 bn financial closure for transmission asset
Adani Energy Solutions, previously known as Adani Transmission, has announced the financial closure of $1 billion for its transmission asset currently under development in Mumbai. The company plans to initiate construction work in October. The financial package forms part of a $700 million revolving project finance facility set up in October 2021 for… Continue reading Adani Energy achieves $1 bn financial closure for transmission asset
Qatar fund buys 2.7% stake in Adani Green for $500 mn via block deals
The Qatar Investment Authority, a West Asia-based sovereign investment fund, has acquired a 2.7 per cent stake in Adani Green Energy for $500 million. This acquisition took place on Monday through block deals. According to banking sources, the group plans to utilise the proceeds from this transaction to reduce its debt and fund other… Continue reading Qatar fund buys 2.7% stake in Adani Green for $500 mn via block deals
QIA likely picked up shares worth $500 million in Adani Green: Report
BENGALURU (Reuters) – Qatar Investment Authority (QIA) likely picked up shares worth $500 million in India’s Adani Green Energy via block deals on Monday, ET Now reported, citing sources. Over 1.1 million shares of the Adani Group-owned renewable power producer changed hands in fourteen block deals as of 2 p.m. IST, as per… Continue reading QIA likely picked up shares worth $500 million in Adani Green: Report
Adani Energy Solutions secures $1 bn financing for green HVDC link project
Adani Energy Solutions Limited (AESL) on Monday said it has achieved financial closure for its $ 1 billion green high voltage direct current (HVDC) link project, that will increase renewable energy supply to Mumbai. The 80-km multi-faceted project will offer a technological upgradation to the Mumbai city. The construction work for this link… Continue reading Adani Energy Solutions secures $1 bn financing for green HVDC link project
From ports to mines, Gautam Adani wants all its businesses to go green
On 18 July, as Gautam Adani, Chairman of his eponymous group, addressed his shareholders, he looked resilient in a finely-tailored dark suit and a printed pink tie. He took a quick look at his journey in the last three decades and said the group’s true ambitions lay ahead. A large part of that… Continue reading From ports to mines, Gautam Adani wants all its businesses to go green
Companies competing with Adani for prized assets faced CBI, ED raids: Cong
The Congress on Saturday cited the takeover of a cement company to allege that probe agencies were being misused by the BJP government to “enrich” a select few crony capitalists. Congress general secretary Jairam Ramesh claimed that in sectors such as airports, ports and cement, companies competing with the Adani Group for prized… Continue reading Companies competing with Adani for prized assets faced CBI, ED raids: Cong
Adani Enterprises Q1 profit up 43.6% on the back of improved performance
Adani Enterprises announced a 43.6 per cent surge in its net profit, attributable to the company’s owners, for the first quarter ending June 2023 (Q1FY24). This rise is credited to enhanced performance and increased other income, despite a sequential drop. In Q1FY24, the company recorded a net profit of Rs 674 crore, marking… Continue reading Adani Enterprises Q1 profit up 43.6% on the back of improved performance
Adani group to expand SIL’s Sanghipuram port capacity to handle large ships
The Adani group will make investments to expand the captive port capacity of Sanghipuram to handle vessel sizes of 8,000 DWT (deadweight tonnage), said Adani Ports and Special Economic Zones (APSEZ) CEO Karan Adani on Thursday. Adani Group firm Ambuja Cements on Thursday said it will acquire a majority stake in Sanghi Industries… Continue reading Adani group to expand SIL’s Sanghipuram port capacity to handle large ships