Tag: Adani Group

Adani Group announces investment of about ₹75,000 crore in Madhya Pradesh

March 1, 2024 admin

The Adani Group will invest about ₹75,000 crore in Madhya Pradesh, including ₹5,000 crore in building the Mahakal Expressway between Ujjain and Bhopal, Pranav Adani, its Managing Director (Agro, Oil and Gas) and Director of Adani Enterprises, said on Friday. Mr. Adani made the announcement on the first day of a two-day investor summit, Invest…

Business

Crisil upgrades rating on Adani Power bank loan facilities to AA-

February 5, 2024 admin

Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…

Business

Is Congress’ Opposition To Adani A Form Of Extortion, Asks BJP MP

October 21, 2023 admin

This is not the first time that the BJP has brought up Adani Group projects in Congress-ruled areas. New Delhi: Alleging that Congress MLAs in his constituency are taking money from, and promoting, Adani Group companies, BJP MP Nishikant Dubey on Saturday wondered whether the party’s opposition to the group was a form of extortion…

Nation

Adani Cement refinances $3.5 billion debt from 10 international banks

October 20, 2023 admin

Representational image only. | Photo Credit: Reuters Adani Cement, through Endeavour Trade and Investment Limited, has announced the completion of its refinancing programme for acquisition of debt taken for Ambuja and ACC, through a $3.5 billion financing package, raised from a clutch of international banks. “This facility will result in an overall cost saving of $300 million…

Business

SEBI should stand firm, finish its probe into Adani matter in timely manner: Jairam Ramesh

October 19, 2023 admin

Jairam Ramesh. File | Photo Credit: ANI The Congress on October 19 urged the Securities and Exchange Board of India (SEBI) to stand firm and finish its investigation into the Adani matter in a timely manner, even as it reiterated that only a JPC probe can investigate the full scope of the issue. In a…

Business

Groups, Individuals Working Overtime To Harm Us, Says Adani Group On Mahua Moitra, Darshan Hiranandani Bribe For Parliament Questions Row

October 16, 2023 admin

Adani Group has responded on the Mahua Moitra-Darshan Hiranandani controversy New Delhi: The Adani Group today said it is clear that some groups and individuals have been “working overtime” to harm the conglomerate’s “name, goodwill and market standing” as proven by allegations that Trinamool Congress MP Mahua Moitra and Hiranandani Group CEO Darshan Hiranandani orchestrated…

Nation

Adani group shares fall after media report on alleged over-invoicing of coal imports

October 13, 2023 admin

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad. File photo | Photo Credit: REUTERS Shares of Adani Group companies on Friday, October 13, 2023, came under selling pressure and were trading at losses with flagship Adani Enterprises Ltd tanking over 3% a day after…

Business

Morning Digest | Army officer injured in ‘grenade accident’ at a post in J&K’s Rajouri; supply copy of FIR to NewsClick founder, court tells Delhi Police, and more

October 6, 2023 admin

Army says officer injured in ‘grenade accident’ at a post in J&K’s Rajouri The Army on October 5 evening said one officer has been injured in a likely grenade accident at a post in Jammu and Kashmir’s Rajouri sector. “The officer was evacuated and stable post initial treatment. Further investigation of the incident in progress,”…

World

Adani Energy Solutions Commissions Khargar-Vikhroli Transmission Line

October 2, 2023 admin

The project starts in the Kharghar area of Navi Mumbai. New Delhi: Adani Energy Solutions on Monday said it has commissioned the Khargar-Vikhroli transmission line to supply an additional 1,000 MW of power to Mumbai city. “Kharghar Vikhroli Transmission Ltd (KVTL), which will enable additional power to be brought into Mumbai and thus enable in…

Business

‘Adani scam’ exposed role of tax havens in hiding violation of Indian regulations: Jairam Ramesh

September 14, 2023 admin

Senior Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on September 14 alleged that the “Adani scam” has exposed the role tax havens play in hiding large-scale violation of Indian laws and said the issue should have been discussed at the recent G20 Summit. It also said that if a Joint…

Business