Adani Group has revealed intentions to inject $20 billion over the next 10 years in renewable energy generation, manufacturing of components, as well as transmission and distribution. The investment will help the Indian conglomerate’s efforts to grow its renewable power generation capacity by three folds in the coming four years. Presently, Adani Group has an […]
Adani Road Transport Ltd (ARTL) has signed a deal to acquire a 49% stake in Maharashtra Border Check Post Network Ltd., a subsidiary of Sadbhav Infrastructure Project Limited, at an enterprise value of INR 1,680 crores. Maharashtra Border Check Post Network has a portfolio of 24 border check posts. Until at least 2033, the company […]
Gautam Adani’s Adani Enterprises has incorporated another fully-owned subsidiary — the latest being Noida Data Center Limited (NDCL). According to the Adani Group company, Noida Data Center Limited will be engaged in developing, operating, maintaining, and dealing with the business of data centers, IT, ITeS, and cloud. Adani Enterprises has incorporated the new subsidiary with […]
Adani Enterprises Limited said that Adani Wilmar Limited is seeking an initial public offering (IPO) for listing on both the BSE and National Stock Exchange of India. Adani Wilmar is a 50:50 joint venture between the Adani Group and the Wilmar Group, a Singapore-based agribusiness company. In view of the proposed IPO, Adani Wilmar has […]
Adani Enterprises Ltd, the flagship entity of Gautam Adani’s Adani Group, has incorporated a fully-owned subsidiary called — Adani Petrochemicals Limited (APL) to foray into the petrochemical industry. Adani Petrochemicals Limited will be engaged in establishing refineries, petrochemicals complexes, specialty chemicals units, hydrogen and related chemicals plants, and other similar units. Adani Enterprises said that […]
Adani Airport Holdings (AAHL), a fully-owned subsidiary of Adani Enterprises, has taken over the management control of Mumbai International Airport Limited (MIAL) from the GVK Group. The takeover comes after the Adani Group company secured approval from the Indian government, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Maharashtra government. It can […]
Adani Enterprises said that it has incorporated a new fully-owned subsidiary Adani Cement Industries Limited (ACIL) for manufacturing, producing, and processing all types of cement. Adani Cement Industries, which has an authorized share capital of INR 10 lakh, is yet to commence business operations. Adani Enterprises is the flagship entity of Adani Group, which focuses […]
Adani Enterprises said that it has incorporated a new fully-owned subsidiary – Mundra Windtech Limited (MWL), which will be engaged in manufacturing wind turbine generators and other auxiliaries. The flagship entity of Indian conglomerate Adani Group said that Mundra Windtech Limited is yet to start its business operations. The new Indian wind turbine manufacturer has […]
Adani Enterprises, the flagship entity of Indian conglomerate Adani Group, has announced the incorporation of a fully-owned subsidiary Mahanadi Mines and Minerals Private Limited (MMMPL). According to Adani Enterprises, Mahanadi Mines and Minerals has been created to own, develop, and operate mines of various minerals. The company, which has been incorporated in India, and registered […]
Adani Green Energy has signed a deal worth nearly $3.5 billion to acquire SB Energy Holdings (SB Energy India), an Indian renewable energy company, from SoftBank Group (SBG) and Bharti Group. Japan-based SoftBank Group has an 80% stake in SB Energy India, which was established in 2015. Bharti Group, on the other hand, holds the […]