Adani Project

State govt to bear full cost of free power but could not arrange direct supply to rural areas

Sri Lanka's Supreme Court on Friday set October 14 as the date for the hearing of five fundamental rights petitions filed against the wind power plant undertaken by the Indian conglomerate Adani Group in the north-eastern region of Mannar. The three-member bench of the apex court here ordered the respondents to file objections before September 13. Environmental NGOs had filed petitions claiming that the project endangers biodiversity and poses a threat to migratory birds. The Wildlife and Nature Protection Society filed the case, naming the government, the Board of Investment and the Central Environmental Authority among others as respondents. The environmental rights group had claimed in court that a decision by the Cabinet to treat the Adani wind power project as a Sri Lanka-India government-to-government venture was illegal and that it would cause immense damage to the migratory bird population causing environmental hazards. The group had also challenged the action by Minister

Edible oil major Adani Wilmar on Monday reported a consolidated net profit of Rs 313.20 crore for the first quarter of this fiscal on higher income. The company had posted a net loss of Rs 78.92 crore in the year-ago period. The total income rose to Rs 14,229.87 crore during the April-June period this fiscal from Rs 12,994.18 crore in the corresponding period of the previous year, according to a regulatory filing. Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar, is into edible oil, food & FMCG and industry essentials businesses. The company sells most of its products under the 'Fortune' brand.

DRPPL is a joint venture between Adani Properties and Mumbai's Slum Rehabilitation Authority

Judgment reserved; Sebi says it won't seek more time for probe

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

The projects need cash, and Adani could well face serious shortfalls. Whether the govt bails them out by giving money or takes them over is a billion-dollar question

Whether the Opposition is successful or not in getting a JPC to inquire into the allegations against the Adani Group, it will not fail to use the issue in public as well as in Parliament

Indian tycoon Gautam Adani's ports-to-energy conglomerate will set up an artificial intelligence lab in Tel Aviv as it looks to leverage on a USD 1.2 billion Haifa port deal to make more investments in Israel. Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for signing of the deal to takeover Haifa Port in Israel, and spoke of investment opportunities. He did not make any mention of the row that has already wiped out over USD 70 billion in value from his group stocks. Adani, 60, said his group will also develop real estate at the port to transform the Haifa skyline. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together," he said in his speech. "We are also in the process of setting up an Artificial Intelligence lab in Tel Aviv which will work in close ..

DLF and Shree Naman Developers were the other two bidders

Billionaire Gautam Adani's group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments

Two entities of Adani Enterprises Ltd -- Adani Road GRICL Limited (ARGL) and Adani Road Stpl Ltd (ARSL) - will together raise upto Rs 800 crore through non-convertible debentures (NCDs)

The group has earmarked 70 per cent of its new investments for energy transition space and infrastructure. "We are already the world's largest solar player, and we intend to do far more

Analysts say AEL meets all requirements to make it to the benchmark index. Inclusion will be a big boost for the stock, resulting in passive inflows of $183 million

Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back

Adani Group had approached the high court in September seeking execution of its agreement with Bid Services Division Mauritius ('Bidvest'), for sale of Bidvest's 13.5% stake in the airport to Adani

Annual construction spending in the resources sector peaked at A$36.6 billion in Queensland in 2013-14

As the Northern Australia Infrastructure Facility (NAIF) loan doesn't need state approval (but rather explicit veto) it could also mean the money will make its way to Adani

The 388-km rail line will connect the coal mine to the seaport

Adani will start work on its Carmichael coal project in Australia in October