Adani Enterprises Limited said that it has acquired 100% of Alluvial Mineral Resources from Adani Infra (India) for INR 71,000. For this, the Indian conglomerate purchased 10,000 shares priced at INR 10 each. Adani Infra (India) is a related party falling under the joint control that is Adani Group. According to Adani Enterprises, the deal […]
Adani Group’s renewables arm — Adani Green Energy Ltd (AGEL) has commissioned a 450MW wind-solar hybrid power plant in Jaisalmer, Rajasthan, its third such facility in the city. The newly commissioned hybrid power plant is underpinned by 25-year power purchase agreements (PPA) with Solar Energy Corporation of India (SECI) at a rate of INR 2.67/kwh. […]
Coca-Cola India has collaborated with Adani Digital Labs, a digital arm of Adani Group, to use its consumer-centric platform Adani Sampling. The beverage giant will leverage Adani Sampling for product sampling and consumer insights to increase the reach of its product offerings and influence customers across India. Coca-Cola India will make its Fanta Apple Delite […]
Adani Transmission has received a contract from The Brihanmumbai Electricity Supply and Transport (BEST) Undertaking, a Mumbai-based civic transport and electricity provider, to execute the smart metering project on a design-build-finance-own-operate-transfer (DBFOOT) basis. As part of the contract, Adani Transmission’s distribution platform will install 10.8 lakh smart meters and related communication and cloud infrastructure over […]
Adani Defence Systems & Technologies, a unit of Adani Defence & Aerospace, has agreed to acquire Air Works Group, an Indian maintenance repair and overhaul (MRO) unit, for an enterprise valuation of INR 400 crores. Established in 1951, Air Works Group has presence across 27 cities, six maintenance bays, and 900 maintenance experts. Air Works […]
Adani Ports and Special Economic Zone Limited said that Adani Agri Logistics Ltd (AALL) is set to build and operate food grain silo complexes at Kanpur, Gonda, and Sandila in Uttar Pradesh and Katihar in Bihar. Following competitive bidding, the fully-owned subsidiary of Adani Logistics has been issued a letter of award (LoA) from the […]
Adani Green Energy Ltd (AGEL), a part of the Adani Group, has started operations of the 600MW Jaisalmer wind-solar hybrid power plant in Rajasthan. The hybrid power plant is underpinned by power purchase agreements (PPA) with Solar Energy Corporation of India Limited (SECI) at a rate of INR 2.69/kwh for 25 years. According to Adani […]
Adani Green Energy Limited (AGEL) said that its subsidiary – Adani Wind Energy MP One Private Ltd (AWEMP1PL) has started operations of the Dhar wind farm in Madhya Pradesh, a 324.4MW wind power plant in Dhar. According to the Adani Group company wind power plant is underpinned by a couple of 25-year power purchase agreements […]
The Adani Family has completed the previously announced acquisitions of Ambuja Cements and ACC Ltd. for a total price of $6.5 billion to become the second largest cement company in India. The transaction, which is said to be the largest acquisition in India’s Infrastructure and Materials space, was carried out by the Adani Family, through […]
India-based Adani Ports and Special Economic Zone (APSEZ) in consortium with Israeli chemical company Gadot Group has bagged the Port of Haifa privatization tender in Israel. The consortium’s offer for the Port of Haifa privatization tender was NIS 4.1 billion (1.18 billion). Adani Ports and Special Economic Zone has a 70% stake in the consortium, […]