Adani Group
Adani Ports Boosts Marine Fleet with $185 Million Acquisition of 80% Stake in Astro Offshore
According to Ashwani Gupta, Whole-Time Director and CEO at APSEZ, "The acquisition of Astro is in line with our strategy to become one of the largest global marine operators. Our existing fleet of 142 tugs and dredgers will increase to 168 vessels with the integration of Astro's 26 OSVs."
BHEL Secures ₹11,000 Crore Order from Adani Power and Subsidiary Mahan Energen
The projects, with each 2×800 MW rating, are to be located in Kawai, Rajasthan, and Mahan, Madhya Pradesh. The company has to complete the Kawai Phase-II project within 49 months, the Kawai Phase-III within 52 months, and the Mahan Phase-III within 55 months from the date of award, according to a filing with the stock exchange.
Ambuja Cements' Shares Rise Following Rs 4,198 Crore Stake Sale by Promoter Entity
Holderness Investments Ltd, a company owned by billionaire Gautam Adani and his family, is said to have offloaded 2.84 per cent of its equity, making the deal size close to about Rs 4,197.8 crore based on the floor price.
Adani Portfolio Sees 50% Net Profit Increase to Rs 10,279 Cr in Q1, Driven by Emerging Sectors
In particular, EBITDA from Adani's core infrastructure segments, comprising utilities, transport, and infrastructure under Adani Enterprises Ltd, was up by 41.6 percent on a year-on-year basis and contributed 86 percent to the total EBITDA, the Adani Group said in a statement.
Adani Group Slams Hindenburg’s Latest Claims as ‘Malicious Red Herrings
The Adani Group dismissed these charges by Hindenburg as no more than the actions of an un-credentialled short seller who is under active investigation in India for multiple alleged violations of securities laws. These, according to the group, were mere diversionary tactics that showed plain and brazen disregard for Indian regulations.
SC Rejects Review Petition Challenging Verdict on Adani-Hindenburg Controversy
The bench headed by Chief Justice D.Y. Chandrachud said, while dismissing the review petition, that after going through the petition no apparent error in the original order seemed to exist: "No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed. Pending applications, if any, stand disposed of." saide the bench, which included Justices J.B. Pardiwala and Manoj Misra.
Adani Ports Recognized Among Top Asia Pacific Companies, Sole Indian Entity in Transport Sector
The company did well across various parameters of the Investor Relations (IR) Programme, ESG Programme, IR Team, and IR Professionals (on the basis of ratings by both buy-side and sell-side participants). Ashwani Gupta, CEO and Whole-time Director of APSEZ, attributed the same to the robust Investor Engagement and ESG efforts that the company has undertaken. He said, "This win only goes to prove that our team's commitment towards 'Service to Stakeholders,' topnotch in every sense. I thank the investor fraternity for keeping faith in us and for this recognition.".
Adani Ports Shine in World Bank's Global Container Port Performance Index
Ashwani Gupta, CEO and whole time director of APSEZ, expressed an overwhelming feeling and said that he felt proud of not only the continuous effort of his team but also the unwavering commitment shown by the company toward doing something extraordinary in customer service. The CPP Index is the index of repute which grades the port on parameters such as productivity, efficiency, and reliability; it makes for a very important source of reference for all stakeholders like governments, port authorities, development agencies, and private operators in trade, logistics, and supply chain services.
Ambuja Cements Expands Footprint with Rs 10,422 Crore Acquisition of Penna Cement by Adani Group
Funded internally, the acquisition is anticipated to increase Adani Cement's market share by 2% nationwide and by 8% specifically in south India. Ajay Kapur, CEO and Whole Time Director of Ambuja Cement, expressed that this acquisition marks a milestone in their growth trajectory, positioning Ambuja as a leading player across India's cement industry.
Adani Group's Market Cap Recovers to Pre-Hindenburg Levels Amid Huge Stock Rallies
Topping the day's opening bell, shares of all Adani Group firms opened strongly in the green. The individual growth of major constituents such as Adani Enterprises was up by more than 9%, while Adani Ports and Special Economic Zone marked its lifetime high with a 10% increase.
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