Adani Group

ACC Limited commences commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh

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share price on the screen

Madhya Pradesh, September 14 (MeelBijendra) – ACC Limited, India’s leading producer of cement and ready-mix concrete, on Thursday announced the commencement of commercial production of clinker at its new state-of-the-art Ametha Cement Plant located in the heart of Katni district of Madhya Pradesh, India. Adani Group-led ACC Ltd’s Ametha Integrated Cement Plant has a clinker … Read more

Deloitte resigns as auditor of Adani Ports on Aug 12; Adani Ports says grounds advanced for resignation as statutory auditor not convincing or sufficient for such move

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, Aug 12 (MeelBijendra) – Deloitte on Saturday resigned as auditor of Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest private port operator and logistics major, amid concerns of an allegation by US-based short-seller Hindenburg Research. On 24 January 2023, US-based short-seller Hindenburg Research disclosed the findings of its 2-year investigation, alleging that … Read more

Adani Energy Solutions gets financial closure of $1 billion project to supply renewable HVDC transmission power in Mumbai

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, August 7 (MeelBijendra) – On Monday, Adani Energy Solutions Limited (AESL), the transmission and distribution business arm of Adani Group, has got the financial closure for a $1 billion project to supply renewable energy in Mumbai, India. Indian conglomerate Adani is the only private player to install High Voltage Direct Current (HVDC) links in … Read more

Ambuja Cements acquires 56.74% stake in Sanghi Industries at an enterprise value of INR 5000 crore and open offer for acquisition of additional 26% stake

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, August 3 (MeelBijendra) – On Thursday 3rd August 2023 Ambuja Cements Limited formerly known as Gujarat Ambuja Cement Limited (GACL) announced that it has acquired 56.74% stake in Sanghi Industries Limited. Sanghi Industries is in the business of Cement manufacturing in India, established on 14th June 1985 and Sanghi Industries has a network of … Read more

Adani’s renewable energy arm Adani Green to raise ₹12,300 crore for green energy diversification

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Adani Green, the renewable energy arm of Adani Group, in its board meeting held on July 6, 2023, has approved a plan to raise ₹12,300 crore to finance green energy diversification. Tycoon Group’s renewable energy company will use the funds to diversify its green energy supply in India by selling shares through a qualified institutional … Read more

Adani Ports Approves Tender Offer to Purchase Up to $130 Million in Cash in the Aggregate Principal Amount of the Outstanding 3.375% Senior Notes

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Adani Ports and Special Economic Zone Limited (APSEZ): On Monday, April 24, Adani Ports said the company has launched a cash tender offer for up to US$130 million in the aggregate principal amount of 3.375% senior notes outstanding due 2024. About 39% of Adani Group’s total debt is in foreign currency bonds. Adani Ports is … Read more

Adani Group acquires 29.18% stake in NDTV and Open offer for additional acquisition of 26%

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Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Indian billionaire Adani Group has acquired a 29.18% stake in media company NDTV (New Delhi Television Limited), but Adani owns this stake indirectly in NDTV. NDTV is one of India’s leading news channels which operates many national channels like NDTV India, NDTV 24×7 and the company also runs an online news website. In 2009 NDTV … Read more