Latest news with #ANIL
NDTV
31-07-2025
- Business
- NDTV
Adani Enterprises Sees 5% Uptick In EBITDA From Incubating Businesses For Q1 FY26
Ahmedabad: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday said that EBITDA from incubating businesses have increased by 5 per cent to Rs 2,800 crore in the April-June quarter (Q1 FY26) on a year-on-year basis -- contributing 74 per cent to the quarterly results. The company registered consolidated EBITDA at Rs 3,786 crore and consolidated profit before tax (PBT) at Rs 1,466 crore - with total income at Rs 22,437 crore -- in the quarter ended June 30. "Adani Enterprises has established itself as one of the world's most successful infrastructure incubators. The substantial rise in EBITDA contribution from our incubating businesses reflects the strength and scalability of our operating model," said Gautam Adani, Chairman of the Adani Group. This performance has been led by the airports business, which delivered an exceptional 61 per cent year-on-year growth in EBITDA to Rs 1,094 crore. "With landmark assets like the Navi Mumbai International Airport, the Copper Plant and the Ganga Expressway set to become operational, we are accelerating our mission to build next-generation infrastructure platforms that are globally benchmarked, technologically advanced and strategically vital to India's growth story," Gautam Adani noted. Results for the quarter were impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM and commercial mining, the company said. Among the business highlights of the quarter, Adani New Industries Ltd (ANIL) received its first external order of 300 MW for the new 3.3 MW WTG model. ANIL has successfully supplied 1GW of India's largest 5.2 MW wind turbines. It also commissioned India's first off-grid 5 MW Green Hydrogen pilot plant, marking a major milestone in the nation's clean energy transition. Adani Airport Holdings Ltd (AAHL-Airports) secured $1.75 billion through ECBs and project financing across six airports and MIAL to enable financial flexibility for growth in the quarter. Mumbai airport received its tariff order for the 4th control period - FY25 to FY29 - with an effective date from May 16, 2025. During the quarter, seven new routes and two new airlines were added, the company informed. AEL said it will witness operationalisation of the large infra-assets during this fiscal year, reflecting its project execution capabilities, which should result in EBITDA unlock and long-term value creation.
Time of India
02-07-2025
- Automotive
- Time of India
Akzo Nobel eyeing for long-term ties with JSW, exploring opportunities in aerospace, marine coating biz
Akzo Nobel NV, the Dutch multinational operating in paints and performance coating business, is looking for a long-term partnership with JSW Paints and it will continue to have "important presence" in India , where it is looking for a play in aerospace and marine coating space, said CEO Greg Poux-Guillaume. The company is retaining its powder coating business and R&D centre in India after transferring its stake in Akzo Nobel India Ltd (ANIL) to JSW Paints, part of Sajjan Jindal-led USD 23-billion JSW Group. Akzo Nobel NV will remain the technology partner to JSW Paints, with a 4.5 per cent royalty and licensing agreement, said Guillaume in a media round-table here. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo "So India remains a large and important presence for us. And it remains a significant market for us to tackle, but with powder and with things like aerospace," said Guillaume. About ANIL, he said it's an 'exciting time' as the firm is joining a group that has a track record and is owned by a family that has been visionary. Live Events "...this is a long term partnership and we will be JSW's technology partner for the coating businesses and that is for perpetuity and we will also look at opportunities to do things in other areas in which we were not historically present in India, because we have a lot of businesses that have potential applications in India," said Guillaume. Akzo Nobel has retained its powder coatings business and International Research Centre (R&D). These two units were transferred by ANIL earlier this February to its Dutch parent firm Akzo Nobel NV in a Rs 2,143-crore deal. When asked about his plans with these businesses, Guillaume said now powder coatings is a fast-growing business globally and has a lot of new applications. "One of the biggest ones these days is electric vehicles (EVs), because powder has not only coverage applications, but also electrical insulation applications. So it's really well suited to that. Most of the large electrical vehicle companies, like BYD in China, are customers," he said. Guillaume sees a "lot of potential" in the powder coatings business, in which Akzo Nobel NV is twice the size of the number two worldwide and will continue to push in that. Besides, the multinational firm is also looking for another vector for growth in India, such as aerospace coatings, in which it is a market leader globally and not present in India. "We are the market leader in aerospace coatings. If you take a plane, the likelihood that that plane is coated by Akzo Nobel is roughly 50 per cent and if you go into any maintenance facility for large planes, the likelihood that what you're seeing sprayed is Akzo Nobel is actually north of 50 per cent," he said, adding, "So we were not historically present in India because the market was still nascent but it's changing now." The aircraft maintenance facilities are increasingly in India, said Guillaume. "And at some point, it makes sense for us to have a physical presence too, and then we will decide whether we want to do it by ourselves or whether we want to do it with a friend," he said about the partnership. Speaking about India R&D centre, Guillaume said JSW gets the R&D centre for decorative paints; however, it retains it for its powder coating business. "But, we also have a large R&D centre for our coating businesses around the world, which is based in India. And which we retain. It's an integral part of us," he said. Guillaume said as per the agreement, JSW Paints will continue to pay 4.5 per cent royalty on the industrial coating business to the global entity. "Before, it was the Indian entity (ANIL) paying to the parent company, and now it is JSW paying to the parent company," he explained. Last week, while announcing the deal, Akzo Nobel NV said that from the sale of the stake in ANIL, it expects approximately 900 million euros, of which around 500 million euros will be used for deleveraging. It also intends to launch a 400 million Euro share buyback programme. When asked whether it also includes India, Guillaume said: "No, it's for a global company. We have a global shareholding base, actually 60 per cent of our investors are US investors." "And as part of a normal capital allocation for a large industrial as well as large global company, you invest in buybacks, you invest in acquisitions, and you also return capital to shareholders. That's part of the good hygiene of serviceicing your share-holders and rewarding them for their trust," he said, adding, "In this case, we felt that it was a good message to buyback some of our shares because we feel that right now we are undervalued, and deploying 400 million for buy back, shows that we are actually putting our money where our mouth is." Guillaume further added that India is the only country in the world where Akzo Nobel has a listed entity. "Otherwise, Akzo NV is a globally listed company" on the Dutch exchange with a market cap north of 10 billion euros, he added. JSW Paints Managing Director Parth Jindal said there would be a synergy between Akzo Nobel for its other business also besides decorative paints business, which it acquired from the Dutch multinational. "In industry, it's a very synergistic move because today JSW Paints is the number one player in coil coatings in the country. ANIL also has a very strong position in coil coatings and protective coatings. So together we'll become number one in that segment for sure. They are very strong in auto refinish. Again, we can definitely grow that with MG (JSW MG Motor) and others," he said, adding, "Those synergies will get unlocked." JSW MG Motor India is a joint venture between JSW Group and SAIC Motor (owner of MG Motor India). Akzo Nobel is also very strong in marine, and hence JSW "will double down" on that. "So aim is very clear that we want to grow. We want to grow fast. We want to grow sustainably, and we want to grow by being competitive," he said.
Time of India
02-07-2025
- Business
- Time of India
JSW Paints eyes sharp rise in mkt share in decorative, industrial coating segment: Parth Jindal
JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints , a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs 8,986 crore and announced an open offer of up to Rs 3,929.06 crore. JSW Paints, part of Sajjan Jindal-led USD 23 billion JSW Group , will fund the nearly Rs 13,000 crore acquisition, partly through a mix of internal accruals, support from financial creditors and through private equity, its Managing Director Parth Jindal said. Once the acquisition is completed post approvals from regulatory bodies such as Competition Commission of India and others, the five-year old company, JSW Paints, would become the fourth largest player in the segment, he said. Terming it as a momentous occasion for JSW Paints, Jindal said "coming together with Dulux , takes us into the top four in the Indian paint industry . It allows us to scale up our business and it allows us to come very close to our ambition of being in the top three players in the Indian paints industry.' After the acquisition of ANIL, JSW Paints would have two levers of growth in the domestic paints market, which is expected to grow to USD 15 billion by 2029. Brand Dulux would focus on the premium side, in the metro and tier I & II cities, while JSW will continue to expand in the mass and value segments. "Today Dulux is one of the market leaders in the premium segment of decorative paints and JSW paints is doing extremely well and growing very fast in the mass and value segments," he said. When asked about the intense competition in the Indian paints segment, where the players have a low sales realisation due to competitive pricing, Jindal said they are here for the long-term. "We will remain very competitive in the market. I do believe that there is further consolidation that may take place. I believe that margins in the decorative segment will be under pressure, and we will fight with everything that we have,' he said. Jindal further said that after completing the open offer, it will keep ANIL as a listed entity and also hinted that it will continue with the current management. AkzoNobel CEO Greg Poux-Guillaume said the company will put most of the money from the transaction on its balance sheet that will fund future developments. When asked about the reasons for sale of stake in ANIL, he said it's more the realization that the Indian market is fairly unique' in the sense that it's a market where the local players are taking over from the international companies. The Indian paint industry is led by Asian Paints , a market leader. Besides Berger, Kansai Nerolac , Akzo Nobel India (Dulux), Indigo Paints , Shalimar Paints , and Nippon Paints are other brands. According to an ICICI Direct report, the size of the India paints and coatings market is estimated at USD 9.60 billion in 2024. It is expected to reach USD 15.04 billion by 2029, growing at a CAGR of 9.38 per cent between 2024 and 2029.
Time of India
01-07-2025
- Business
- Time of India
JSW Paints eyes sharp rise in mkt share in decorative, industrial coating segment: Parth Jindal
JSW Paints aims to significantly increase its market share in decorative and industrial coating segments, following the acquisition of Akzo Nobel India Ltd, the makers of Dulux paints, a top company official said. Last week, JSW Paints announced the acquisition of 74.76 per cent stake from the Dutch promoters of Akzo Nobel India Ltd (ANIL) for a consideration of Rs 8,986 crore and announced an open offer of up to Rs 3,929.06 crore. JSW Paints, part of Sajjan Jindal-led USD 23 billion JSW Group, will fund the nearly Rs 13,000 crore acquisition, partly through a mix of internal accruals, support from financial creditors and through private equity, its Managing Director Parth Jindal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Knee pain prices might surprise you Knee pain | search ads Find Now Undo Once the acquisition is completed post approvals from regulatory bodies such as Competition Commission of India and others, the five-year old company, JSW Paints, would become the fourth largest player in the segment, he said. Terming it as a momentous occasion for JSW Paints, Jindal said "coming together with Dulux, takes us into the top four in the Indian paint industry . It allows us to scale up our business and it allows us to come very close to our ambition of being in the top three players in the Indian paints industry." Live Events After the acquisition of ANIL, JSW Paints would have two levers of growth in the domestic paints market, which is expected to grow to USD 15 billion by 2029. Brand Dulux would focus on the premium side, in the metro and tier I & II cities, while JSW will continue to expand in the mass and value segments. "Today Dulux is one of the market leaders in the premium segment of decorative paints and JSW paints is doing extremely well and growing very fast in the mass and value segments," he said. When asked about the intense competition in the Indian paints segment, where the players have a low sales realisation due to competitive pricing, Jindal said they are here for the long-term. "We will remain very competitive in the market. I do believe that there is further consolidation that may take place. I believe that margins in the decorative segment will be under pressure, and we will fight with everything that we have," he said. Jindal further said that after completing the open offer, it will keep ANIL as a listed entity and also hinted that it will continue with the current management. AkzoNobel CEO Greg Poux-Guillaume said the company will put most of the money from the transaction on its balance sheet that will fund future developments. When asked about the reasons for exit from the India market, he said it's more the realization that the Indian market is 'fairly unique' in the sense that it's a market where the local players are taking over from the international companies. The Indian paint industry is led by Asian Paints , a market leader. Besides Berger, Kansai Nerolac , Akzo Nobel India (Dulux), Indigo Paints , Shalimar Paints , and Nippon Paints are other brands. According to an ICICI Direct report, the size of the India paints and coatings market is estimated at USD 9.60 billion in 2024. It is expected to reach USD 15.04 billion by 2029, growing at a CAGR of 9.38 per cent between 2024 and 2029.
Time of India
27-06-2025
- Business
- Time of India
JSW Paints to acquire Akzo Nobel India in Rs 8,986-crore deal
JSW Paints, part of USD 23 billion JSW Group , on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints , for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm. "JSW Paints today (Friday) entered into definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India from Akzo Nobel NV and its affiliates, for a maximum consideration under the share purchase agreement of up to Rs 8,986 crore," it said. With this transaction, ANIL's Dutch promoters group, which together held 74.76 per cent shareholding in the company, has exited the Indian decorative paints market , which is witnessing disruption with entry of new players as Aditya Birla Group. The deal is subject to certain closing adjustments and regulatory approvals from the Competition Commission of India (CCI) and the completion of a mandatory open offer to the public shareholders of ANIL. The deal will help JSW group expand its play into the paint segment, which it entered into in 2019 and is a relatively new player establishing its base in the industry. "This transformative acquisition positions JSW Paints as one of the major players in the sector, which is expected to see robust growth in the years ahead," it said. JSW Paints Managing Director Parth Jindal said Paints & Coatings is one of India's fastest-growing sectors and JSW Paints is among the fastest growing paint companies. "Akzo Nobel India is home to some of the most globally renowned brands of paints & coatings like Dulux, International and Sikkens. We are excited to welcome them to the JSW family. Together, along with the Akzo Nobel India family -- employees, customers and partners -- we aspire to build the paint company of the future," he said. AkzoNobel CEO Greg Poux-Guillaume said, "This transaction is a significant milestone in the execution of our strategy. AkzoNobel India has been a consistently strong performer, and we are proud of the brand and talent that have made it a success. With JSW, we are confident the business is in the hands of a long-term partner with deep local expertise and strong ambitions in the sector." Morgan Stanley acted as the exclusive financial advisor to JSW Paints on this transaction, while Khaitan & Co. acted as the legal advisor and Deloitte as the financial and tax due diligence advisor. In October last year, Akzo Nobel NV announced a strategic review of its portfolio in South Asia and is looking for strategic options, including partnerships, joint ventures, mergers or divestments. This is to deploy capital towards expanding its core coatings business. Akzo Nobel India has a presence in a wide range of paints and coatings segments spanning from decorative paints; automotive and speciality coatings; industrial coatings; marine, protective and yacht coatings to powder coatings. Its revenue from operations in FY25 was Rs 4,091.21 crore. Earlier on February 25, ANIL has said it will transfer its Powder Coatings business and International Research Centre (R&D) to its Dutch parent firm Akzo Nobel NV in a Rs 2,143-crore intergroup deal. AkzoNobel India had acquired "intellectual property rights" of Akzo Nobel Coatings International BV for its decorative paints business in India, Bangladesh, Bhutan, and Nepal for a consideration of Rs 1,152 crore. The Indian paint industry is dominated by players such as Asian Paints, Berger, Kansai Nerolaca, and AkzoNobel India. In last 5-6 years, several new players have entered this market, including Pidilite with Haisha Paints, Grasim with its Birla Opus, and JSW Paints. Besides, pipes and fittings manufacturer Astral acquired Gem Paints and JK Cements entered by acquiring Acro Paints asking its entry into the paint sector. In its latest annual report, Akzo Nobel India, citing the data of the Indian Paints Association, said the paints & coatings industry in the country is estimated to be USD 8.5 billion in value and 6.3 million MTPA by volume.
