Adani Welspun Exploration Limited (AWEL) said that the gas discovery it announced in March 2021 offshore Mumbai has been found to have potential commercial interest. The company, which is a 65:35 joint venture between Adani Group and Welspun Enterprises, had found gas in the Tapti-Daman Sector of the Mumbai offshore basin by drilling an exploration […]
Adani Ports and Special Economic Zone (APSEZ) will take full ownership of Adani Krishnapatnam Port Ltd., the holding company of Krishnapatnam Port in Andhra Pradesh by acquiring the remaining 25% stake for INR28 billion ($380 million). The 25% residual stake in the all-weather, deep water port will be purchased by Adani Ports and Special Economic […]
Adani Road Transport Limited (ARTL) has bagged a build-operate-transfer (BOT)-toll basis road project in West Bengal from the National Highways Authority of India (NHAI). The company is a fully-owned subsidiary of Adani Enterprises Limited (AEL) of the Adani Group. It is engaged in the construction, operation, and maintenance of roads, expressways, and highways. Recently, Adani […]
Adani Green Energy has completed its previously announced acquisition of Spinel Energy & Infrastructure (SEIL), the holding company of a 20MW operating solar power plant in Uttar Pradesh, India. The Adani Group company acquired the SEIL solar power plant from Hindustan Cleanenergy and Peridot Power Ventures for around INR 1.33 billion ($18.2 million). The deal […]
The Adani Ports and Special Economic Zone (APSEZ) has signed a deal to acquire the 58.1% stake owned by DVS Raju and family in Gangavaram Port Limited (GPL), the holding company of the Gangavaram Port in Visakhapatnam (Vizag), Andhra Pradesh for INR 36.04 billion ($500 million). In this regard, the Adani Group company, subject to […]
Adani Renewable Energy Holding Fifteen Limited (AREHFL) a subsidiary of Adani Green Energy, has secured the letter of award (LOA) for a 300MW wind power project from Solar Energy Corporation of India (SECI). The Adani Group company had won the project during the tender issued by SECI for establishing the 1.2GW ISTS-connected Wind Power Project […]
Adani Green Energy (AGEL) said that its subsidiary Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100MW wind farm in Kutch, Gujarat. The wind farm in Gujarat was brought online five months ahead of its scheduled commissioning date, claimed the Adani Group company. The Kutch wind farm is said to be the fifth […]