Adani Group
Adani Ports achieves highest ever quarterly volume growth of 83%
Its consolidated revenue also grew to Rs 4,557 crore as compared to Rs 2,293 crore in the same period of previous year, registering a growth of 99 per cent. "The results are a validation of the strong fundamentals of the APSEZ strategy leading to a continued gain of market share as the company transforms into a full-fledged pan-India Ports & Logistics platform," Karan Adani, Chief Executive Officer.
Noida allots land parcel to Adani Enterprises in Sector 62
This is part of the Uttar Pradesh policy for setting up institutional services in Noida in IT and ITES sectors to promote investment and employment. As per a notification, Adani Enterprises will make investments of Rs 2,400 crore within the upcoming facility at Sector 62, Noida which will generate employment for 1,350 persons. In addition, the Noida authority has allotted another 16,350 sq metre land parcel in sector 145 to MAQ India Pvt Ltd to for an IT facility.
Adani Ports & SEZ 1st Indian infra firm to raise 20-year's money from markets
The issuances were closed on July 26, 2021 and was oversubscribed by over three times. APSEZ has continued to receive exceedingly strong participation (for its successive bond offerings) from its high-quality real money investors across all geographies. This issuance establishes the Adani Group as an issuer with the ability to access international capital markets across all market cycles.
After furore, Adani denies move to shift Mumbai airport HQ to Gujarat
"In light of rumours that the Mumbai Airport HQ will be moving to Ahmedabad, we unambiguously state that MIAL and NMIAL airports will remain headquarters in Mumbai," the Adani Group said in a statement. In a major organizational restructuring on July 18, the Adani Group had said it has decided to shift the headquarters of Adani Airport Holdings Ltd.
Govt says some Adani group cos being probed; firm denies any communication from SEBI
In a written response to a question in the Lok Sabha on the opening day of Monsoon Session, Minister of State for Finance, Pankaj Chaudhary, said that SEBI is investigating some Adani group companies with regard to compliance with SEBI regulations while the Directorate of Revenue Intelligence (DRI) is also probing certain entities under the laws administered by it.
Adani group takes over management control of Mumbai Int'l Airport
The development came after approvals were received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. MIAL is India's second busiest airport both in terms of passenger and cargo traffic. With eight airports under its management and development portfolio, AAHL is now India's largest airport infrastructure company.
India can become $15 tn economy in 2 decades: Gautam Adani
On the recent reports on accounts of three FPIs holding significant investment in Adani companies being suspended, the Chairman said that the group is "few media houses indulged in reckless and irresponsible reporting related to administrative actions of regulators". This caused unexpected fluctuations in the market prices of Adani stocks, he added.
Adani Ports aims 40% market share by 2025
With 247 million tonne of cargo throughput in 2020-21, the company enjoys a 25 per cent market share of India's exim cargo. "We intend to enhance our country coverage beyond 90 per cent, increasing market share from an existing 25 per cent at the close of 2020-21 to a projected 40 per cent by 2025," said Adani Ports' CEO Karan Adani in his message to the shareholders in the company's annual report.
Adani group company to run upcoming Navi Mumbai International Airport
The state cabinet presided over by Chief Minister Uddhav Thackeray gave its green signal to AAHL as the new concessionaire to the prestigious greenfield airport coming up as a public-private partnership (PPP) project. Earlier, the airport was to be developed by GVK which was running the Mumbai International Airport Ltd (MIAL).
Adani Ports excluded by Norway's largest pension fund for biz links with Myanmar military
This due diligence-based divestment has been implemented on the grounds that Adani's operations in Myanmar and its business partnership with that country's armed forces constitutes an unacceptable risk of contributing to the violation of KLP's guidelines for responsible investment.
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