Page 3 - Gautam Adani

Adani Transmission net profit dips 40% to Rs 277 cr in Dec quarter

Adani Transmission on Thursday reported a 40 per cent decline in its consolidated net profit to Rs 277 crore for the December 2021 quarter. The company had reported a consolidated net profit of Rs 464 crore in the quarter ended December 31, 2020, according to a BSE filing. Its total income during October-December 2021 rose to Rs 3,085.20 crore, from Rs 2,734.04 crore in the year-ago period. "In Q3 (third quarter), the consolidated PAT (profit after tax) decline of Rs 187 crore, (-)40.3 per cent y-o-y decline. "Q3FY22 PAT (October-December 2021) not comparable y-o-y on account of Rs 62 crore reversal of earlier interim power purchase bill, one-time deferred tax assets creation of Rs 129 crore and forex MTM gain of Rs 40 cr in Q3FY21 (October-December 2020) in (electricity) distribution business," the company said in a statement. Anil Sardana, MD and CEO of Adani Transmission, in the statement said, "Adani Transmission is constantly evolving and becoming a significant player in T&D

Adani Green Energy net up 20% to Rs 49 cr in December quarter

The company had reported a consolidated net profit of Rs 41 crore in the quarter ended on December 31, 2020, a BSE filing stated

Adani Group set up new subsidiary ANIL for new energy business

Billionaire Gautam Adani's logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity among others

Adani Enterprises says won tender to supply imported coal to NTPC

Gautam Adani's port-to-energy conglomerate said it had won a contract to supply imported coal to state-owned electricity generator NTPC

Adani Enterprises bags Ganga expressway project, India's largest, in UP

With a project cost of over Rs. 17,000 crore, this is India's largest ever expressway project awarded to a private company under PPP framework

Top headlines: India detects Omicron cases; carmakers prep for price hikes

Some experts say the way forward in fight against the coronavirus is to mix vaccines. More on that in our top headlines this morning.

Adani to invest $70 bn in renewable energy, produce cheapest hydrogen

Billionaire Gautam Adani said his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world's largest renewable energy company and produce the cheapest hydrogen

US bank BNY Mellon cuts ties with Adani's Carmichael coal mine in Australia

The US investment bank is the latest global financial institution to distance itself from the project after a campaign by local indigenous people

Two billionaires' actions will determine India's response to climate change

Don't expect a gabfest in Glasgow to save the planet when the scene of real action is 4,000 miles east.

Gautam Adani meets Sri Lankan President Rajapaksa, eyes green investments

Experts see firm's WCT deal as India's move to contain China in the region

Mukesh Ambani tops Forbes India rich list with $92 billion net worth

Chairman of Reliance Industries, topped the rich list for the 14th year in a row

Gautam Adani says $50-70 bn investment planned across energy chain

Adani said his infrastructure conglomerate will invest between USD 50-70 billion in organic and inorganic growth opportunities across the entire energy value chain over the next decade

Gautam Adani now Asia's second richest, earns Rs 1,000 crore daily

The tenth Hurun India rich list has Mukesh Ambani topping it for the 10th year in a row with Rs 7.18 trillion wealth - only 9 per cent up over 2020

As many as 1,007 super-rich people see 51% rise in wealth in 2021: Report

India produced 179 more super-rich people this year led by Adani Group's Gautam Adani who amassed a whopping wealth of Rs 365,700 cr or more than Rs 1,000 crore daily

At Rs 5 trn, Adani now Asia's 2nd richest: IIFL Wealth-Hurun India report

RIL chairman Mukesh Ambani continued to be the richest man in India for the 10th consecutive year with a wealth of Rs 7.18 trn, shows IIFL Wealth-Hurun India Rich List 2021

Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy

Speaking at JP Morgan India Investor Summit, Adani Group chairman said the $20 bn investment will be in renewable energy generation, component manufacturing, transmission and distribution

'Criticism not at cost of national dignity': Adani on govt's Covid handling

Gautam Adani on Tuesday said media coverage cannot be biased under the garb of press freedom and criticism should not be at the cost of national dignity.

Criticism shouldn't be at cost of national dignity: Adani on Covid handling

Billionaire Gautam Adani on Monday defended handling of the Covid-19 pandemic in the country, saying criticism should not be at the cost of national dignity and destroying the confidence of a nation

Self reliant India provides trillion dollar opportunity: Gautam Adani

Gautam Adani today said a self reliant India has become a necessity

Not just tycoons, India's asset monetisation plan must treat all fairly

Australia has lessons for India's plan on managing a fair deal for taxpayers and ensuring public utilities work and are affordable.