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Adani Group News
Soaring airport biz makes this firm an appealing stock: Experts reveal why it is set to rise
Wed, Apr 24, 2019
GMR management is focussed on steady expansion of the airport vertical and repayment of corporate debt via asset monetisation
Jaypee Infratech lenders unlikely to entertain possible Adani Group bid; Sources
Mon, Apr 22, 2019
Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain informed last week that a meeting of the committee of creditors (CoC) would be held on April 26.
Adani Group wins projects across coal, gas, highways in competitive bidding
Sun, Apr 21, 2019
Billionaire Gautam Adani-led Adani Group has in open competitive bidding bagged a string of projects ranging from highway construction to development of airports, coal mining and city gas retailing in the last few years
Boost to renewable energy: Adani enters retail distribution of solar energy business
Mon, Mar 11, 2019
Adani Solar announced the launch of their retail distribution business to Delhi and Uttar Pradesh with Chemitech Solar as exclusive Channel Partners for the region.
Adani Group emerges highest bidder for Guwahati airport
Wed, Feb 27, 2019
Adani Group has emerged as the highest bidder to operate Guwahati airport, a senior AAI official said Tuesday.
Adani Logistics to acquire agri-logistics arm from AEL by March 2019
Mon, Feb 25, 2019
After the acquisition, combined business would also benefit from leveraging significant opportunity for handling multiple commodities and transportation.
Adani group wins bids to operate five airports - Here is how Airports Authority chose the winner
Mon, Feb 25, 2019
A total of 32 technical bids were received from 10 companies to operate six airports that are currently under AAI's management. In November last year, the government had cleared a proposal for managing six AAI-run airports on public-private partnership (PPP) basis.
Vibrant Gujarat 2019: Adani, Ambani, others line up big investments
Sat, Jan 19, 2019
Top industrialists pledged further investments on Friday after Prime Minister Narendra Modi told the Vibrant Gujarat Global Summit that India is poised to be placed among the top 50 countries in ease of doing business by 2020.
Gas retailing bids: Adani goes for 52 cities, GAIL Gas eyes 30; RIL-BP JV skips
Tue, Jul 10, 2018
Adani Gas Ltd bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC). Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closed today. India Gas Solutions Pvt Ltd -- the 50:50 JV of UK's BP plc and Reliance Industries, looked very closely to foray into city gas distribution but dropped out at the last moment, they said.
Adani Group to raise Rs 5,000-6,000 cr via stake sale in subsidiaries
Sun, Jul 01, 2018
The Adani Family through trusts and other entities hold controlling interest in entities including Adani Enterprises (AEL), Adani Ports and SEZ (APSEZ), Adani Power (APL), Adani Transmission (ATL) and Adani Green Energy (AGEL).
Adani group emerges as highest bidder with Rs 6,000 cr offer for Ruchi Soya
Tue, Jun 12, 2018
The Committee of Creditors (CoC) of Ruchi Soya, in its meeting held today, opened the bids submitted by the two contenders -- Patanjali group and Adani Wilmar, which sells cooking oil under the Fortune brand. The CoC has decided to conduct Swiss challenge method to maximise the asset value of Ruchi Soya.
Ruchi Soya in demand! Patanjali revises bid to beat Adani group
Mon, May 28, 2018
Patanjali Ayurveda has raised its bid to acquire Ruchi Soya and had made the revised offer to the Committee of Creditors (CoC) for the debt ridden company, sources said.
Big relief for Adani group, SC sets aside NGT order on Adani Hazira Port
Thu, May 03, 2018
In a relief to the Adani Group, the Supreme Court has set aside the National Green Tribunal’s (NGT) order cancelling the environmental clearance granted to Adani’s port in Hazira, Surat. In 2016, the NGT had set aside the 2013 environmental clearance of the port following a petition against Adani Hazira Port Pvt Ltd by fishermen group — Hazira Macchimar Samiti.
Adani Group's Rs 9,761 crore market value wiped-off on BJP leader's remark
Thu, Mar 08, 2018
A day after senior BJP leader Subramanian Swamy's remark on Gautam Adani's alleged PSU bank debt, shares of Adani Group companies tumbled over seven per cent on the domestic bourses on Wednesday, wiping-off Rs 9,761.3 crore in market capitalisation (m-cap).
Adani Group to invest Rs 9,000 crore in Andhra Pradesh
Sat, Feb 24, 2018
Gautam Adani said the investment would be made in the state over the next five years
Adani Group shares pares losses as BJP takes lead in Gujarat Assembly poll results
Mon, Dec 18, 2017
Adanis' Abbot Point Coal Terminal at risk of becoming stranded
Mon, Oct 02, 2017
The Abbot Point terminal, IEEFA said, also "runs the risk of becoming a stranded asset if Adani's proposed Carmichael mine does not get the AUD 1 billion Australian taxpayer subsidy it seeks."
Adani strikes deal on royalties payments with Queensland govt
Tue, May 30, 2017
Indian energy giant Adani Group said today that it has struck a deal on 'royalties payments' with the Queensland government for its 21.7 billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture.
Adani Power reports net loss of Rs 4,961 crore for March quarter
Sun, May 28, 2017
Adani Group's energy company Adani Power has posted a consolidated net loss of Rs 4,960.5 crore for the quarter ended on March 31, 2017, on Saturday.
Adani Group to finalise investment deal for Australia's Carmichael project by June
Sun, May 14, 2017
Adani Group's chairman Gautam Adani in an interview to a new agency has said that the company would finalise its investment decision for Australia's Carmichael project in June.