Page 3 - Adani

The Rs 16 question: How Kerala lost Thiruvananthapuram airport to Adani

While Adani's bid was almost thrice as much as GMR's, the Kerala govt's KSIDC would still have won the airport if it had quoted Rs 16 more. Sai Manish explains how

Top biz headlines: GDP shrinks 23.9%, Adani-GVK deal, JioFiber, and more

Here are the top business headlines on Tuesday

Moody's revises outlook on Adani Abbot Point Terminal's rating to stable

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

Adanis' Rs 650-crore offer for debt-ridden Dighi Port gets NCLT nod

The NCLT has approved Rs 650-crore resolution plan submitted by Adani Ports & Special Economic Zone (APSEZ) for debt-ridden Dighi Port, located south of Mumbai. The resolution came with a huge 79.2 per cent haircut to the lenders, as they had made a claim of Rs 3,098 crore. The successful bid will give the Adanis access to Maharashtra, where it had no presence, even though the group straddles the entire coastline of the country with 11 operational ports and an under-construction transshipment terminal at Vizhinjam in southern Kerala. It can be noted that Dighi Port was the first port to go for a bankruptcy in April 2018. The 16-member committee of creditors (CoC) led by Bank of India, which collectively have 99.68 per cent voting shares, has approved APSEZ's revised offer of an upfront cash payout of Rs 650 crore, the National Company Law Tribunal (NCLT) said in an order dated March 5. Dighi Port, promoted by industrialist Vijay Kalantri owes Rs 3,098 crore to the lenders. He had

Siemens will back controversial Australian coal project: CEO Joe Kaeser

The German company had said it would decide by Monday on its involvement in the project

Swiss firm Zurich Airport outbids Adani, DIAL to win Jewar airport project

Jewar airport at its full capacity is projected to cater to over 70 million passengers per annum with six runways and will be competitor to GMR- owned DIAL

CCI approves Adani's bid to buy 23.5% stake in Mumbai International Airport

As per the combination notice filed with CCI, the transaction involves acquisition of shares through two separate share purchase agreements

Tata, Adani, Bharat Forge, Mahindra in race for Rs 25k-cr Navy chopper deal

The Navy will now take the case to the Defence Acquisition Council with the shortlisted names of both Indian and foreign manufacturers

Adani, GMR in fray to commercially redevelop Chandigarh railway station

The bidding for Chandigarh is part of a Rs 1 trillion station redevelopment programme

Podcast: What makes Mumbai airport so attractive for Adani group?

While the Adani group has signed an agreement to acquire 13.5 per cent in Mumbai airport, it wants to increase its stake further over time and has set aside Rs 10,000 crore for the purpose

Adani-Bidvest extend Mumbai airport share deal deadline to Nov 7

Adani group and GVK are locked in a tussle for control of the 13.5% stake in Mumbai airport

GMR Infra, Reliance among 19 companies bidding to build Noida airport

The airport will handle 70 million passengers and 3 million tonnes cargo annually when fully developed.

Adani takes Bidvest to HC over Mumbai International Airport stake sale

The South African company has a 13.5% stake in Mumbai International Airport (MIAL)

Adani Group likely to acquire 72% stake in Andhra's Krishnapatnam Port

Unconfirmed reports put the proposed deal value at over Rs 5,500 crore

Adani Ports declines after Q1 result

The result was announced during market hours today, 7 August 2019

Adani inches closer to constructing Carmichael coal mine after Aussie nod

Australian Environment minister Melissa Price approves groundwater management plans after CSIRO and Geoscience Australia found they met scientific norms

Adani Green Energy arm bags tender to set up solar power project in Gujarat

Project is expected to be commissioned by Q3 FY 2021

Renewables and transmission businesses power Adani group's growth story

Transmission business has taken over power unit in market cap and Adani Green is catching up

Congress demands SC-monitored CBI probe into alleged scam by Adani Group

Maken demanded that the government should immediately reduce by Rs 2 per unit cost of electricity

Adani's mine near Great Barrier Reef gets green signal from Australia

Environment activists have been opposing the $11.9 billion Carmichael coal mine project