Page 6 - Gautam Adani

Adani Enterprises Q3 PAT down 30% YoY at Rs 297 cr despite rise in revenues

Increased expenses, loss in comprehensive other income hit company's profits

Adani Ports to raise $500 mn from bond sale to capitalize on interest rates

Adani Ports & Special Economic Zone, the largest port operator in the country, is in the international debt market with a benchmark issue to raise at least USD 500 million. This is the third large bond sale by domestic issuers after Exim Bank's USD 1 billion issue at record low prices in the first week of the moth followed by SBI in the second week with a USD 6 billion sale. Adani Ports is the largest port developer and operator in the country in terms of volume, with coal and other dry bulk terminals showing an annual capacity of 478.6 million tonnes. "We are in the dollar debt market and are planning to raise USD 500 million through a Reg S issue," a merchant banking source told PTI on Wednesday without sharing other details like pricing and tenor saying the issue is the market. The last time it had paid 4.2 per cent coupon to USD 750 million issue last July. While Reg S issue means resident American investors can't subscribe to the issue, benchmark issue means a large issue ...

Adani Group says being targeted through false propaganda, online campaign

The group said it will take actions such as filing court cases to protect its interests

Adani Green Energy commissions 150 MW solar plant in Kutch, growth at 55%

Adani Green Energy Ltd (AGEL) arm Adani Solar Energy Kutchh One Ltd has commissioned a 150 MW solar plant in Kutchh, Gujarat. The company in a statement said that despite all the challenges of global pandemic COVID-19, unprecedented rain and flood in Kutchh, the team of experts made it possible to commission the project three months prior to its scheduled commissioning date. This plant has a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.67/kWh for a period of 25 years. With this commissioning, AGEL's total operational renewable capacity grows to 3,125 MW. AGEL has total renewable capacity of 14,795 MW, including 11,670 MW awarded and under implementation projects. Gujarat contributes to nearly 13 per cent of the renewable energy production in India. Speaking on the development Vneet S. Jaain, MD & CEO, Adani Green Energy Ltd said, "This is third solar plant commissioned by AGEL over a span of less than a month. The trend demonstrates our sharp ..

TOTAL France to acquire 20% stake in Adani Green Energy for $2.5 bn

As part of the current deal, TOTAL will pick up a 50 per cent stake in a 2.35 GW portfolio of operating solar assets owned by AGEL and a 20 per cent stake in AGEL for a global investment of $2.5 bn

How Mukesh Ambani, Gautam Adani were caught in crossfire over farming laws

Farmers say laws opening up India's agriculture markets were designed to allow billionaires such as Mukesh Ambani and Gautam Adani to enter farming. The tycoons say they have no such interest.

Adani Ports crosses Rs 1 trillion-mark in market capitalisation

AICTPL raising first $300 million public dollar bond at lowest coupon size lends support

Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic

Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems

Farmers' protest: Over 1,500 telecom towers damaged in Punjab, services hit

Power supply to towers that relay telecom signals was snapped and cables cut in several parts of the state as farmers vented their anger on the infrastructure owned by Mukesh Ambani's firm Jio

India's super-rich club sees 10 new entrants in 2020; wealth up 33%

Ramdev, partner see biggest jump in wealth in percentage terms

From being held to ransom to rivalling Ambani's fortunes: Adani's journey

Shares of most of his firms have surged, including those of his mining, gas and ports units

Electricity costs to fall sharply thanks to RE boom, predicts Gautam Adani

Thanks to renewable power boom, the marginal cost of electricity will continue to drop sharply and India will emerge as the least expensive producer of renewable energy, he said

Top headlines: Nomura on Indian economy in 2021, govt says no change in MSP

Business Standard brings you top headlines of the evening

Adani Green, Adani Ports: Trading strategies for Adani Group stocks

Few group stocks may see profit-booking, but for others, the current levels may provide an opportunity to enter.

Adani has no guaranteed customer for $6 bn Indian solar project: Report

Shares in Adani Green Energy have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal

Adani rise fuels criticism of concentration of capital in few hands: Report

Gautam Adani's mushrooming empire has become a focus of criticism for those who believe that capital is being concentrated in the hands of a few favoured corporate titans

Adani, European major Snam tie up to explore shift to biogas, biomethane

The two firms will form JV for setting up a CNG compressor making unit in India

Forbes India Rich List 2020: Ambani dominance continues; see full list

With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered

Half of India's richest 100 on Forbes list got richer, Ambani gained most

While Mukesh Ambani added $37.3 bn to his fortune, Gautam Adani retained the second spot on the list by boosting his net worth 61 per cent to $25.2 billion

Adopt high-end tech across all processes: Billionaires' mantra for future

Analysts expect in the coming years, the Indian rich list to be dominated by new age companies as the Corona pandemic has made adoption of latest, cutting age technology inevitable