Tag: gautam adani

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

Adani Green’s 2nd Quarter Profit More Than Doubles On Higher Power Sales

October 31, 2023 admin

Adani Green reported a 80% jump in revenue from power supply. Bengaluru: Adani Green Energy on Monday reported a more than two-fold growth in second-quarter profit, helped by strong power sales to customers. The country’s power demand is growing rapidly, with strong economic growth boosting demand from factories and households. Adani Green’s energy sales rose…

Nation

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

New Adani Mega Port Can Lure World’s Biggest Ships To India

October 15, 2023 admin

Vizhinjam port, according to Adani Ports website, will offer a quick turnaround of vessels. When Zhen Hua 15 – a heavy-load cargo carrier sailing from the East China Sea – unloads at Vizhinjam port this Sunday, it’ll do more than just set down the site’s first gigantic cranes. It’ll also put India on the map…

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

Mundra Port Celebrates 25 Years Of Stellar Operations, Unparalleled Growth

October 8, 2023 admin

Mundra Port celebrated 25 years of path-breaking operations New Delhi: Commemorating a landmark journey, Mundra Port celebrated 25 years of path-breaking operations, highlighting its expansion and evolution as one of the largest ports globally. Since berthing its first ship, MT Alpha on 7 October, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition…

Nation

Sharad Pawar, Gautam Adani Inaugurate India’s First Lactoferrin Plant In Gujarat

September 23, 2023 admin

Sharad Pawar posted pictures of him and Gautam Adani cutting a ribbon of the factory. New Delhi: Nationalist Congress Party (NCP) chief Sharad Pawar met industrialist Gautam Adani in Ahmedabad today. Mr Pawar and Mr Adani inaugurated a factory at a village in Sanand in Ahmedabad. Mr Pawar posted on X, formerly known as Twitter,…

Nation

Gautam Adani, Mukesh Ambani Invited For World Leaders’ G20 Dinner

September 7, 2023 admin

India’s richest businessmen, led by Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the national capital on Saturday, as the country showcases its position as the world’s fastest growing major economy. Prime Minister Narendra Modi has sought to wield leadership of the G20 grouping of the world’s most powerful economies…

Nation

Adani Group stocks fall following OCCRP report

August 31, 2023 admin

Representational image | Photo Credit: AMIIT DAVE Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. The conglomerate denied the…

Business

.”Explore Selling Stake: Adani Enterprises Considers Divestment from Adani Wilmar Joint Venture”

August 9, 2023 admin

According a report published in Bloomberg news, Adani Enterprise has been considering a potential sale of its 44% stake in Adani Wilmar for a few months. | Photo Credit: AFP India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with…

Business