In a high-stakes rebuttal today, India’s powerhouse conglomerate, the Adani Group, released a statement slamming the Organized Crime and Corruption Reporting Project (OCCRP) Report. The report had alleged that the Adani Group violated certain laws. This isn’t the first time an international entity has tried to sully the Adani name. Previously, New York-based short-seller Hindenburg […]
Adani Ports and Special Economic Zone Ltd (APSEZ), an influential entity of the globally-recognized Adani Group, has released its financial outcomes for Q1 FY24, which concluded on 30 June 2023. The findings showcased a robust 24% Y-o-Y surge in revenue, reaching Rs 6,248 Cr. Additionally, the EBITDA saw an astounding 80% Y-o-Y hike, settling at […]
Ambuja Cements Ltd (ACL), part of the diversified Adani Group, has announced the acquisition of a majority stake in Sanghi Industries Ltd (SIL) for an enterprise value of Rs 5,000 crore. This purchase marks a significant milestone in Ambuja Cement’s growth, positioning the company to expand its market presence and achieve its target of 140 […]
Bain Capital, a major international private investment company, has declared that it is set to acquire 90% of both Adani Capital and Adani Housing. This move will take over all the private investments made by the Adani family in these firms. The current Managing Director and CEO, Gaurav Gupta, is to maintain his position, retaining […]
Adani Group’s founder and chairman, Gautam Adani, alleged that the Hindenburg report was a calculated, damaging ploy to tarnish the reputation of the Adani Group and profit by temporarily causing a dip in its stock prices. The Indian billionaire, one of the richest persons in the world, expressed this view in a discussion with the […]
Gautam Adani, Chairman of Adani Group, met Bangladesh Prime Minister Sheikh Hasina following the start of full load power supply from the Adani Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Godda, India to Bangladesh. The Godda USCTPP, signifying Adani Group’s debut in transnational power projects, is India’s first commissioned transnational power project with 100% […]
Adani Power has announced the commencement of commercial operations for Unit 2 of its 2x800MW Ultra-supercritical power project, based in Godda District, Jharkhand. The unit began operations at midnight on 25th June 2023, after successfully completing Reliability Run Tests. Managed by Adani Power (Jharkhand) Limited (APJL), a wholly-owned subsidiary of Adani Power Limited, the entire […]
Adani Green Energy Limited (AGEL) announced that its subsidiary, Adani Wind Energy Kutchh Five Limited (AWEK5L, formerly known as Adani Green Energy Five Limited), has successfully commissioned a 130MW wind farm in Kutchh, Gujarat. The wind farm in Gujarat has entered into a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India […]
The Adani Group has broken ground on an integrated data center and technology business park in Visakhapatnam (Vizag), Andhra Pradesh. The groundbreaking ceremony was attended by Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and some of the prominent officials of the Adani Group. Adani Group’s investments in the Vizag data center and technology business […]
Adani Wilmar has rolled out nine different varieties of natural dal under the Fortune Pulses brand, which are said to be sortex-cleaned and unpolished. The Indian packaged foods fast-moving consumer goods (FMCG) company said that the Fortune brand is dedicated to providing “Wahi Desi Swaad” with its products. Fortune is aiming to create a solid […]