Adani Enterprises
Fintech startup MetaMap raises Rs 530 cr in new Series B funding
The new capital brings the company's total funding to date to Rs 630 crore and will be used to invest in product development and furthering its international expansion as it furthers its mission to help billions of people unlock online services and experience upward mobility.
RIL biggest wealth creator in India, Adani Transmission fastest: Study
India's financial sector has emerged as the top value creator between 2016 and 2021 and it will continue to dominate wealth creation for quite some in the near future as well, Motilal Oswal Financial Services has said in its 26th Annual Wealth Creation Study 2021.
Gautam Adani’s realty unit to take over Ozone Group: Report
Adani Realty Ltd. and Ozone group representatives are yet to comment on the matter and the deal could still fall apart, the report added. Adani Realty has been developing residential and commercial projects of more than 69 million square feet across Indian cities of Ahmedabad, Mumbai, Gurgaon, Kochi, and Mundra.
Gautam Adani signs world's largest Green PPA with SECI to supply 4,667 MW green power
The Chairman of the Adani Group also said that he is pleased to have signed the world's largest PPA with SECI. Gautam Adani further said that this deal is yet another step to promote India's ambitions of achieving climate goals and promoting domestic manufacturing.
Adani Transmission PAT of Rs 289 cr in Q2FY22, up 35% YoY
The company recorded a double-digit growth in consolidated revenue on account of strong growth in both transmission and distribution segments. Strong revenue and EBITDA trends translating into PAT increase of 34.9 per cent YoY and 26.8 per cent YoY on quarterly and semi-annual basis, the company said. The growth in transmission business was supported by incremental contribution from newly operational lines and recently-acquired Alipurduar asset.
Adani Green's operational capacity increased by 93% to 5,410 MW
Continued growth in EBITDA from Power Supply and Cash Profit is supported by increase in revenues and cost efficiencies brought in through analytics driven O&M. AGEL's overall renewable portfolio increases to 20,284 MW on account of completion of acquisition of SB Energy's India Renewable portfolio of 4,954 MW, which includes 1,700 MW operational assets and award of 450 MW Wind project from SECI in Oct 2021.
Adani Enterprises' consolidated EBIDTA for H1 FY22 rose by 77% to Rs 2,210 cr
For Q2 2022, consolidated total income increased by 46 per ent to Rs 13,597 crore due to significant increase in index prices in IRM segment. Consolidated EBIDTA increased by 33 per ent to Rs 1,262 crore due to increase in revenue and better margins in IRM business. Consolidated PAT attributable to owners from Established Businesses increased by 67 per cent to Rs 579 crore in line with higher EBIDTA.
Adani Green Energy closes India's largest renewables M&A deal
With this deal, SB Energy India is now a 100 per cent subsidiary of AGEL. Earlier, it was a 80:20 joint venture between Japan-based SoftBank Group Corp and Bharti Group.The transaction pegs SB Energy India at an enterprise valuation of USD 3.5 Billion (Rs 26,000 crore) and marks the largest acquisition in the renewable energy sector in India.
Adani Group signs 35-year BOT deal to develop Colombo Port
The over $700 million deal, which was struck in Colombo with the Indian partners joining virtually, is to run for 35 years with the Adani Group having majority 51 per cent share, followed by John Keels (34 per cent) and SLPA (15 per cent). Following a 2019 tripartite agreement with India and Japan, the Adani Group was to develop the East Container Terminal (ECT) jointly with Japan.
Adani Green Energy to acquire 40 MW solar project in Odisha
The AREMHL has signed definitive agreements with Essel Green Energy Pvt Ltd to acquire 100 per cent economic value in a special purpose vehicle (SPV) that owns the solar project in Odisha, the company said in a statement on Thursday. The project has a long-term Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) for Rs 4.235 per unit, with remaining PPA life of about 22 years, the company said.
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