The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland
Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO
As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion (USD 6.38 billion)
(Reuters) -Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer.
The group has option to raise another $200 million under the existing facility
The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC
International Holding Co has agreed to invest 7.3 billion dirhams ($2 billion) in three of Indian conglomerate Adani Group's portfolio companies.
Green hydrogen, produced from water and green electricity and considered the cleanest form of fuel, is a potential path to decarbonize heavy industries
India's southern Andhra Pradesh has cancelled bids made for two separate tenders by India's Adani Enterprises to supply imported coal as the prices quoted were too high
The units, located at the firm's CNG station at Maninagar in Ahmedabad, will enable quick turnaround time for EV owners using digital platforms
Adani Total Gas Ltd, a joint venture of Adani group and TotalEnergies SE, has forayed into electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad
Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among 14 prominent firms that have expressed interest to acquire Reliance Capital Ltd, promoted by Anil Ambani Group, sources said
Hyderabad-based Megha Engineering and Infrastructure Ltd (MEIL) won 13 GAs
UP has so far garnered investment of nearly Rs 18,000 crore in the high technology landscape of data centres, a minister said
Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital
Energy, auto, healthcare and banking shares were the major losers, while IT shares managed to buck the trend.
Adani Green Energy and Adani Transmission have scored 66 points and 63 points, respectively, in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI-S&P Global, which is higher than the average world electric utility sector score of 38 points. "Adani Green Energy Ltd (AGEL), the world's largest solar power developer, scored 66 points in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI - S&P Global. This is significantly higher than the average world electric utility sector score of 38," the company said in a statement. Adani Transmission Ltd (ATL) in its statement said it has scored 63 points in the 2021 corporate sustainability assessment (CSA) survey conducted by DJSI-S&P Global. "This is significantly higher than the average world electric utility sector score of 38," it added. AGEL Chief Sustainability Officer Santosh Kumar Singh said, "This achievement is a manifestation of the Adani vision to steer India towards a ...
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, writes T N Ninan
The Lokpriya Gopinath Bordoloi International Airport in Guwahati was handed over to the Adani Group for operations, management and development responsibilities on Friday.
Despite a $20-billion investment announcement in renewable power, the group is yet to commit to a net-zero investment in coal, and analysts question its debt burden