Latest news with #AdaniGroup
Bloomberg
7 hours ago
- Business
- Bloomberg
Adani Energy Approves Raising $502 Million Via Share Sale
Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit's board passed an enabling resolution to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday.
Bloomberg
8 hours ago
- Business
- Bloomberg
Adani Group Outlines Transport Network in Rebuild of Mumbai Slum
Adani Group plans to build a transportation network as part of the Dharavi redevelopment project in Mumbai that will house rail, road and airport transit facilities in a single location. A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports, according to Navbharat Mega Developers Pvt, the project vehicle where Adani Group has an 80% stake and the state government holds the rest.
NDTV
11 hours ago
- Business
- NDTV
Gautam Adani Congratulates First Batch Of Women NDA Cadets
New Delhi: Adani Group Chairman Gautam Adani on Saturday lauded the first batch of women National Defence Academy (NDA) cadets for scripting history in the annals of the Indian armed forces. The first batch of 17 female cadets graduated from NDA's 148th course on Friday. During the Passing Out Parade in Pune, they marched alongside over 300 male cadets. Lauding the initiative, the Adani Group Chairman called it "a nation's resolve" and stated that the message they share is "timeless". "Proof. Precedent. Possibility. Congratulations to all the first women NDA cadets as they start their march forward," said Gautam Adani, in a post on social media platform X. "They carry not just dreams but a nation's resolve. The path is new. The message is timeless. Jai Hind," he added. The women cadets joined the NDA in 2022, following a Supreme Court interim order that allowed women to seek admission to the tri-services academy. Division Cadet Captain Shriti Daksh secured the highest rank in the Bachelor of Arts stream. Cadet Lucky Kumar, Battalion Cadet Captain Prince Kumar Singh Kushwaha, and Cadet Captain Udayveer Singh Negi stood first in the Science, Computer Science, and B. Tech streams, respectively. Former Army chief and Mizoram governor V K Singh, who reviewed the passing out parade, called it a "proud day for India". "A new chapter in the legacy of NDA -- where courage knows no gender, and leadership knows no bounds," Mr Singh said on X. Pralhad Joshi, Union Minister of Consumer Affairs, Food and Public Distribution, on X, called the journey of the women in uniform "a testament to the indomitable spirit of Indian women who continue to break barriers and inspire the nation". "With unwavering resolve and sheer determination, women cadets have made history today by graduating from the National Defence Academy. This momentous step reflects the strength of #NariShakti and reaffirms our commitment to inclusivity and empowerment in our armed forces," Union Minister Joshi said. "We salute their grit, courage, and unwavering willpower. Jai Hind!" he added.
Entrepreneur
14 hours ago
- Business
- Entrepreneur
Adani Commits Up to $20 Billion Annual Capex
This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Gautam Adani has doubled down on Adani Enterprises' growth strategy, announcing an unprecedented capital outlay of up to $20 billion annually over the next five years. In his annual letter to shareholders, the Adani Group chairman positioned the move as a bold vote of confidence in India's long-term economic trajectory and the group's ability to align with national priorities. "Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15–20 billion for the next five years," Adani stated, in his annual letter to Adani Enterprises shareholders. The focus, he noted, will be on building out infrastructure and utility verticals, signalling a shift towards sectors the company sees as pivotal to India's future. This aggressive capex strategy comes alongside a proposed INR 15,000 crore fundraising plan through a share sale or preferential allotment, for which shareholder approval is being sought. In FY25, Adani Enterprises marked a significant financial milestone, with total income crossing the INR 1 trillion threshold for the first time—a 2.1 per cent year-on-year rise. This growth was underpinned by strong performance from its incubating businesses. The group also reported a 7 per cent increase in revenue and an 8.2 per cent jump in Ebitda, with a net debt-to-Ebitda ratio at 2.6x, which Adani described as "healthy." While outlining the group's ambitious investment roadmap, Adani also addressed the ongoing scrutiny from U.S. regulators. Adani Green Energy, one of the group firms, is under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. Adani was unequivocal in his response. "Let me be clear, this was not the first time we have been tested, nor will it be the last. Every challenge sharpens our resolve," he said. He reinforced the group's commitment to compliance and governance, adding, "As we cooperate with legal processes, let me also restate emphatically, our governance is of global standards, and our compliance frameworks are robust and non-negotiable." Among its headline projects, the conglomerate is leading India's most ambitious urban renewal initiative with the Dharavi redevelopment. "Over one million people will move from narrow lanes to sunlit, modern homes," Adani wrote. The plan includes building schools, hospitals, open spaces, and transit hubs, signalling a comprehensive reimagining of one of Mumbai's most densely populated areas. The letter underscores Adani's message: the group is not retreating. It's expanding—with scale, speed, and unwavering confidence.
Hans India
19 hours ago
- Business
- Hans India
Apex Green Leaf Award for Gangavaram Port
Visakhapatnam: Adani Gangavaram Port has won the Platinum Award in Environmental Excellence at 9th APEX India Green Leaf Awards 2024. The award recognises the port's outstanding achievements in sustainability, innovation and best environmental practices. It also recognises the port's state-of-the-art green infrastructure. The port management said in a release: 'We are happy that winning the award for environmental excellence at 9th Apex India Green Leaf Awards 2024 is a significant achievement for the Adani Group. This award is a testament to our commitment to environmental excellence.'
