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.
SC dismisses Adani's plea against gas distribution bids in Ahmedabad
A bench of Justices U.U. Lalit, S. Ravindra Bhat, and Hrishikesh Roy upheld the Gujarat High Court's September 2018 judgment, which allowed supply of natural gas as a clean and green fuel in the three areas of outer Ahmedabad region, by state-run gas distributor Gujarat Gas.
We have no policing authority over containers: Adani Group
As per the statement, on September 16, a joint operation by the DRI and Customs unearthed a large cache of contraband heroin from two containers from Afghanistan that had arrived at the Mundra International Container Terminal (MICT), Mundra Port. "We thank and congratulate the DRI & Customs teams for seizing the illegal drugs and apprehending the accused" Adani Group said.
Adani Green Energy continues to ramp up focus on ESG, raises $750 mn
The issuance was oversubscribed by 4.7x. This issuance establishes AGEL as India's leading credit in the renewable sector with a robust and well defined capital management plan. The funds will be utilised towards equity funding of the capex for underlying renewable projects under construction by AGEL.
SEBI keeps Adani Wilmar IPO in abeyance
The website of the capital market regulator showed that the Rs 4,500 crore issue has been "kept in abeyance". As per the SEBI (Issuance of Observations on Draft Offer Documents Pending Regulatory Actions) Order, 2020, issued by the SEBI on February 5, 2020, the regulator is obligated to keep issuance of observations in abeyance for a period of 30 days or 45 days or 90 days or more, as the case may be.
Adani Transmission logs 22% rise in Q1 net profit
During the same period of the last fiscal, the company had reported a consolidated net profit of Rs 355.40 crore. In a statement, the company said that the results are a validation of strong fundamentals of Adani Transmission Ltd and reiterates reliability, responsiveness and sustainability of Adani Electricity Mumbai Ltd thus creating value for ATL.
Adani Green logs 9-fold jump in Q1 net profit
During the same period of last fiscal, the company had reported a net profit of Rs 20 crore. The company posted a total income of Rs 1,079 crore for the first quarter of FY22, compared to Rs 878 crore, Adani Green said in a regulatory filing. "In just two years, AGEL has marched to the very forefront of the world's renewable energy brigade, accelerating the transition to green energy faster than any other company in the world.
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.