Latest news with #Adani Group
Bloomberg
2 days ago
- Business
- Bloomberg
Adani Wins Bid for $3 Billion Coal-Fired Power Plant in Bihar
Billionaire Gautam Adani will invest $3 billion to build and operate a 2,400 MW coal power generation plant in the eastern state of Bihar as his port-to-energy conglomerate continues to expand across businesses in the domestic market. Adani Power Ltd. won a tender from Bihar State Power Generation Co. with a bid of 6.075 rupees ($0.07) per unit, the lowest, in a 'tightly contested process,' the company said in a statement Thursday. The power unit of Adani Group will get coal allocation from government to fuel the plant that will help the utility move closer to its aim of doubling generation capacity by 2030.
Bloomberg
31-07-2025
- Business
- Bloomberg
Adani Flagship's Profit Slips 49% as Coal Trading Unit Falters
Adani Enterprises Ltd., led by billionaire Gautam Adani, reported a 49% fall in quarterly profit as weakness in its coal trading business offset growth in the airport and mining units. Shares fell. Net income at the Adani Group's flagship was 7.34 billion rupees ($83.8 million) for the quarter ended June 30, according to an exchange filing Thursday. There weren't enough brokerages with profit estimates to generate an average forecast.
