Adani Group

News and Trends

Adani Plans To Invest $10 billion in US; A Step Towards His Green Energy Promise?

Earlier in September 2022, Gautam Adani said his ports-to-power conglomerate will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolyzers as part of a $70 billion investment in clean energy by 2030

News and Trends

Ambuja Cements Reports 9% Volume Growth and INR 7,516 Crore Revenue in Q2 FY25

Ambuja has maintained a strong financial position, reporting cash and cash equivalents of INR 10,135 crore, while its net worth rose to INR 59,916 crore

News and Trends

Adani Green Subsidiaries to Raise Up to $1 Billion Through Dollar Bonds

The bonds will have a 20-year maturity and will be issued in one or more tranches, with the process set to begin this month

News and Trends

Maharashtra State Electricity Issues Letter of Intent to Adani for 6600 MW Hybrid Solar & Thermal Power Supply

The company will supply solar energy to Maharashtra at a fixed tariff of INR 2.70 per kWh for 25 years. The thermal power supply, on the other hand, will commence in stages, with Unit 1 (800 MW) starting in three and a half years and Unit 2 (800 MW) beginning after four years

News and Trends

Adani Ports and SEZ Acquires 80% Stake in Astro For $185 Million

APSEZ enters into a definitive agreement to acquire 80 per cent stake in Astro Offshore group (Astro) in an all-cash deal for $185 million, implying an estimated value of $235 million

News and Trends

BHEL in Agreement With Adani Power For Orders Worth INR 11,000 Crore

BHEL secures orders from Adani Power worth INR 11,000 crore with supply of projects to be completed in 49 months (Kawai Phase-II), 52 months (Kawai Phase-III) and 55 months (Mahan Phase-III)

News and Trends

Adani Looking to Build Ships at the Group's Flagship Port, Mundra in Gujarat; Largest in the Country

Adani group is eyeing a potential market for ship-building in their Mundra port in Gujarat

News and Trends

Adani Group to Invest INR 1.3 Trillion in FY25; Plans to Invest $100 Billion in Next 10 Years

The Adani Group is gearing up for a significant expansion in FY25, with plans to invest INR 1.3 trillion across its diverse portfolio with side plans to raise $3 billion in equity.

News and Trends

Digital Initiatives Shaping the Future of Construction Industry

Ambuja Cements Limited and ACC Limited, of Adani Cement, unveil their commitment towards a series of visionary digital initiatives with operational excellence, customer-centric solutions and cutting-edge digital initiatives.

News and Trends

Adani Group Acquires Penna Cement

Ambuja Cement enters into a binding agreement to acquire 100 per cent stake in Penna Cement Industries Ltd, moving towards its target capacity of 140 million tonnes per annum (MTPA) by 2028.

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Adani Group Aims To Be India's Largest Cement Manufacturer With $3 Billion Acquisition: Report

Adani Group is eyeing a potential $3 billion cement acquisition in lieu of recent boom in the infrastructure sector by the government.

News and Trends

Adani TotalEnergies E-Mobility To Set Up EV Chargers At New MG Dealership

A digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application.

News and Trends

Ambuja Cements Acquires Sanghi Industries For INR 5000 Crore

As per the company, the acquisition of SIL will help ACL to strengthen its market leadership and increase its cement capacity to 73.6 MTPA from the current 67.5 MTPA

News and Trends

Adani Group's $1.1 Billion Copper Project To Begin Operations From March 2024

Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum in two phases

News and Trends

AdaniConneX Seals Data Center Financing Deal In India With $213 Million

The tied-up facility will finance two data centers with an aggregate capacity of 67 MW that includes 'Chennai 1' campus with Phase 1 of 17 MW and Noida campus of 50 MW