Adani Enterprises stock falls 20% in a single day
Adani Enterprises stock falls 20% in a single day
Green concerns and a global coal glut cloud Adani's project to build world largest coal mine
----Signs another MoU with MMC Ports & Sime Darby Property to develop an integrated Maritime city in MalaysiaAdani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operating firm, plans to undertake a feasibility study on building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia's Selangor state, about 50 kms southwest of capital Kuala Lumpur.The feasibility on developing a mega container handling port project on Carey Island as an extension of the existing Port Klang has been flagged off with the signing of a Memorandum of Understanding (MoU) between APSEZ and MMC Port Holdings Sdn Bhd, a wholly-owned unit of MMC Corporation Berhad (MMC), an utilities and infrastructure group. "Malaysia is very strategic to APSEZ global strategy and with straits of Malacca being a global shipping route it helps us to drive our global transhipment strategy further. With Vizhinjam port on one side Carey Island port on the other we ..
The group claimed that it is the first Indian conglomerate to join GEIDCO
Environmentalists are concerned that the development will threaten vulnerable species
Hyderabad, 5 March: Andhra Pradesh government is planning to hold negotiations with Adani Group before taking a final call on the bid submitted by the company for the development of green-field Bhavanapadu port project in north coastal district of Srikakulam, as the authorities feel the revenue share offered by India's largest private multi-port operator was on the lower side.Adanis turned out to be the lone bidder for the project as the two home grown port operators- Navayuga and Gangavaram Port Limited- had withdrawn from the fray just before the submission of financial bids late last year. However, the authorities went ahead and opened the financial bid of Adanis after securing the necessary security clearances for the development of port project.In its bid Adani group had offered to give 0.5 percent of revenues from the port project in case it wins the port project. The sole criteria for selection of developer here was who ever offers the highest share as a percentage of revenue ..
The increased investment will create 10,000 new jobs in the state, says Adani
DPCL has already received advance possession of 686 acres of land from Odisha government to go ahead with its second phase expansion
The solar push comes as Adani continues to battle opposition to its plans to build a $7 billion coal mine in the country
Two other companies that were short-listed for the bidding process along with Adanis had backed out in the final stage
Capacity target lowered from 60 to 25 mn tonnes per annum
Company envisages enhancing capacity from 10 MTPA to 15 MTPA
The green panel also directed Adani Group to maintain fishing harbours on the port for the welfare of local fishermen
The company has signed a purchase agreement with Credit Suisse AG, Singapore Branch for its Indian rupee denominated Masala bond
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy
Rajesh Adani, managing director of Adani Group, was also present