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Searched Tag: adani group

Adani Power will continue to supply power to Bangladesh

August 16, 2024, 06:04 PM - 2 min read

Adani Power will continue supplying electricity to Bangladesh from its 1,600 MW Jharkhand plant, despite new Indian guidelines allowing export-oriented units to sell power domestically in case of supply disruptions or defaults.

Markets bounce back after early decline

August 12, 2024, 01:48 PM - 2 min read

During the early trade, Adani Energy tumbled 17% with Adani Total Gas tanking 13.39%. But, later in the day, all group firms recovered most of their early lost ground.

Hindenburg research 'malicious' & 'manipulative': Adani Group

Hindenburg report 'malicious' & 'manipulative': Adani Group

August 11, 2024, 01:15 PM - 2 min read

“The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering...," the Adani group said in a filing.

Supreme Court Halts Gujarat HC Order On Adani Land Case.

SC halts Gujarat HC land recovery order in Adani case

July 10, 2024, 05:54 PM - 2 min read

The Supreme Court intervened on Wednesday by halting an order from the Gujarat High Court that mandated the recovery of land allocated to Adani Ports and Special Economic Zone Ltd in Mundra, Gujarat.

Adani group denies Paytm stake acquisition

May 29, 2024, 03:44 PM - 2 min read

Adani Group refutes claims of acquiring stake in Paytm amidst media speculation; Paytm denies engagement in discussions regarding the matter.

Billionaire Gautam Adani-led group on Thursday announced the start of the first phase of the world's largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India's dependence on imports and aid energy transition.

Adani Group launches World's largest copper plant in Gujarat, boosting India's metal production and energy transition

March 28, 2024, 12:41 PM - 2 min read

"On completion of the second phase, Kutch Copper, with 1 million tonnes per annum, will be the world's largest single-location custom smelter, benchmarking ESG performance standards while leveraging state-of-the-art technology and digitalisation," the statement said.

Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of a majority stake in Odisha’s Gopalpur Port.

Adani ports shares surge following acquisition of majority stake in Odisha’s Gopalpur port

March 26, 2024, 11:57 AM - 2 min read

The flagship company of the Adani group is set to acquire a substantial 95 percent stake in Gopalpur Port. Gopalpur Port, situated between Paradip Port and Vizag Port, has been operational since 2015, primarily serving the country’s steel industry. The port handles a diverse range of dry bulk cargo, including coal, iron ore, limestone, and ilmenite. Connected to the Golden Quadrilateral via NH-516, Gopalpur Port boasts a capacity to handle around 20 million metric tonnes per annum (MMPTA) of cargo.

Cash-for-Query scandal: CBI files FIR against TMC's Mahua Moitra

March 21, 2024, 11:05 PM - 2 min read

The Central Bureau of Investigation (CBI) has recently registered an FIR against former Trinamool Congress (TMC) MP Mahua Moitra in connection with a cash-for-query case.

Kerala Labour Minister, V Sivankutty urges Adani port to extend Compensation for the tragedy. Image for representative use only.

Labour Minister steps in: Pushes for compensation in Vizhinjam port accident

March 20, 2024, 02:30 PM - 2 min read

Kerala's Labour Minister, V Sivankutty, has called upon Adani Port authorities to extend compensation to the family of a young medical student tragically killed in a freak road accident near Vizhinjam.

Adani Vizhinjam Port awarded International Safety Honor by British Safety Council

March 19, 2024, 01:58 PM - 2 min read

AVPPL joins the ranks of 269 global organizations receiving a 'Distinction in the International Safety Awards 2024', out of the total 1,124 recipients of the award.

The Adani Group, a prominent figure in India's infrastructure sector, has set forth an ambitious investment blueprint for the fiscal year 2025.

Adani Group reveals USD 14 billion investment plan for FY25, emphasizing green energy and infrastructure

March 18, 2024, 01:06 PM - 2 min read

Notably, the conglomerate's ambitious plan includes the development of the world's largest renewable park in Gujarat, covering an expansive area of over 530 square kilometers. In addition, with a portfolio boasting 8 airports, including the upcoming Navi Mumbai airport, and 14 domestic ports, Adani is positioned to solidify its position as a key player in these critical sectors vital for India's economic growth and connectivity.

The United States has expanded its inquiry into India's Adani Group, focusing on its founder Gautam Adani, amid allegations of bribery, according to a Bloomberg News report on Friday.

US investigating Adani group and founder over alleged bribery: Bloomberg Report

March 16, 2024, 05:01 PM - 2 min read

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.