Latest news with #AdaniGroup
Business Standard
2 days ago
- Business
- Business Standard
Investment & Precision Castings wins order from PLR Systems
Investment & Precision Castings has been awarded a contract by PLR Systems for the supply of precision investment castings components for the defense sector. PLR Systems is a joint venture between the Adani Group and Israel Weapon Industries (IWI), specializing in manufacturing small arms and associated defense equipment. This entity is known for producing renowned weapons such as the TAVOR Assault Rifle, X95 Assault Rifle, GALIL Sniper Rifle, NEGEV Light Machine Gun, and UZI Sub Machine Gun, which are extensively used by the Indian Armed Forces and Central Armed Police Forces.
India.com
4 days ago
- Business
- India.com
Gautam Adani's Big Move, this company of Adani Group allots 1.08 crore shares to..., raises Rs 12090000000 by...
Gautam Adani's Big Move, this company of Adani Group allots 1.08 crore shares to…, raises Rs 12090000000 by… Adani Green Shares: Adani Green Energy will be in focus on Monday as billionaire businessman Gautam Adani's company has allotted 1.09 crore equity shares to Ardour Investment Holding Ltd through the conversion of share warrants. With this move, the company has raised Rs 1,208.59 crore. The management company has shown green light to the major allotment on July 12. Shares, with a face value of Rs 10 each, were issued at a Rs 1,470.75 premium, consistent with the January 25, last year, warrant agreement. Ardour Investment Holding Ltd is a promoter group entity. Are Experts Bullish About Adani's Move? The majority of the experts expressed positivity about the development. They are bullish about Adani Green Shares. Brokerage Jefferies estimates that the stock may jump by more than 30 percent. What Is Adani Group's Announcement? Adani Green Energy Limited on Saturday allotted 1.08 crore equity shares to Ardor Investment Holding Limited through conversion of share warrants. The company stated that Ardor still possess 1,15,76,193 warrants, which are valid to be converted within 18 months, as prescribed by SEBI till July 24, 2025. New shares will be equivalent to existing shares in every way, offering the same dividend rights and voting privileges. How Were The Quarterly Results? Adani Green Energy reported strong financial results for the quarter ending March 31 2025. The company's net profit increased by 53 percent to Rs 230 crore, compared to Rs 150 crore in the same period in 2024. Revenue also witnessed a major growth, rising 20.8 percent year-on-year to Rs 3,053 crore. The company's EBITDA witnessed a 30 percent year-on-year increase, reaching Rs 2382 crore. Status Of Adani Green Shares Shares of Adani Green Energy Limited closed down by Rs 1.00 or 0.10 percent at Rs 994.60 on the BSE. World's leading full-service investment banking and capital markets firm, Jefferies, has maintained its buy rating on Adani Green Energy stock. It has set a target price of Rs 1,300 for the stock.
India.com
4 days ago
- Business
- India.com
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is...
Gautam Adani to compete with Anil Ambani, plans to enter this sector with Rs 600000000000, it is… Mumbai: Business tycoon Gautam Adani, who recently secured the second position in Forbes' top 10 Indian billionaires list, revealed his future plans in the Artificial Intelligence industry. The Adani Group is mulling to build an AI-first multidisciplinary healthcare ecosystem in India. This system aims to be affordable, scalable, and incorporate international standards of care. What is Gautam Adani's Vision For AI-Driven Healthcare In India? While addressing a gathering at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery – Asia Pacific, he highlights the need for an entire system-wide redesign in order to fulfil the growing need of the future. He informed that three years ago in 2022, on his 60th birthday, his family pledged Rs 60,000 crore towards sectors such as healthcare, education and skill development. He said that low back pain is a major cause of disability in India, surpassing even diabetes and heart disease in prevalence. 'If we are to carry the full weight of our national ambition, we must first heal the spine of our people,' Adani said. What Is Adani Healthcare Temples? As announced earlier, Adani Healthcare Temples are 1,000 bedded integrated medical campuses which will be set in first in cities like – Ahmedabad and Mumbai. Adani said these temples would be globally competitive, affordable healthcare systems which will be powered by artificial intelligence. These systems will use adaptable infrastructure designed for rapid expansion during major crises. He added that these campuses will offer clinical care, research and academic training headed by Mayo Clinic's global expertise in design, medical infrastructure and innovation. Adani Urges Innovation In AI Spine Care, Rural Surgery, And Robotics The Adani Group chief urges healthcare innovators to pioneer breakthroughs in AI spine diagnostics, rural surgery, and robotic spinal care. 'We are investing in modular, scalable infrastructure of the kind that can expand rapidly in the face of pandemics or emergencies. We are championing the creation of large, world-class healthcare institutes that bring together innovation, patient care, and applied learning under one roof,' Adani stated. Gautam Adani To Compete With Anil Ambani In Healthcare Sector The Adani Group's investment in healthcare, totalling Rs 600 billion, aligns with a larger national initiative focused on healthcare, education, and skill development. Adani emphasized the importance of this investment, stating that a healthy population is crucial for national progress. On the other hand, Reliance Group is already leading the healthcare sector with Kokilaben Dhirubhai Ambani Hospital Mumbai. It is a multi speciality healthcare centre located in Mumbai. The main aim to design the hospital is to enhance the country's reputation as a healthcare hub. It focusses on excellence in clinical services, diagnostic facilities, and research. The KDAH has recently announced a major advancements in its cancer treatment capabilities. It has upgraded its radiation therapy, with the state-of-the-art Radixact.
Hans India
5 days ago
- Business
- Hans India
IBCN 2025: Celebrating the Chettiar legacy
Bengaluru : The International Business Conference of Nagarathars (IBCN), the biennial global gathering of the Chettiar business community, returns this year with a renewed focus on youth, innovation, and inclusive leadership. Scheduled over three days from July 11-13 at the Manyata Hilton, Bengaluru, the 6th edition of IBCN is expected to host over 600 delegates. Also Read - Adani Group to invest $100 billion over next five years: Gautam Adani Organized by the Nagarathar International Foundation, the 2025 edition is themed 'Enhancing Nagarathar Businesses Through Technology' and aims to honor the storied legacy of the Chettiars, known for their entrepreneurial acumen and philanthropy, while igniting the spirit of innovation in a new generation of community leaders
Hans India
5 days ago
- Business
- Hans India
Adani Group charts mega $100-bn capex
Mumbai: Gautam Adani, Chairman, Adani Group, on Friday announced that the conglomerate is preparing for a capital expenditure investment of nearly $100 billion over the next five years. 'The scale and pace of this commitment is unprecedented in India's private sector history as we do our part for strengthening the very spine of India's rise that must carry 1.4 billion dreams,' Gautam Adani remarked. Addressing a conference of top doctors here, Gautam Adani said these investments are manifestations of the Adani Group's 'belief in the future of India' comprising energy grids, logistics arteries and the country's industrial backbone. He was addressing the 5thAnnual Conference of the Society for Minimally Invasive Spine Surgery-Asia Pacific (SMISS-AP), in Mumbai. Gautam Adani narrated the Group's success story of building the Mundra port from a mere salt export jetty to India's largest multi-cargo port. 'Mundra is the manifestation of a belief made real. It is a reminder that when vision dares, destiny bends as it is now India's largest multi-cargo port, the world's largest private single-site thermal power plant, India's first HVDC transmission line, India's largest integrated solar and wind manufacturing hub and a cluster of vital industries that include petrochemicals, copper smelters, solar accessories and much more yet to come,' the Adani Group Chairman pointed out. He said that after the US partner backed out of the Mundra salt export jetty at the outset, his company went ahead and built it on its own with no construction experience in the marshland. Around this time in 1995-96, Gujarat pioneered a public–private partnership policy for port development, aiming to tap private sector capabilities and the Adani Group 'dived right in.' The Mundra Port commenced operations in October 1998 with its first berth, thereby marking India's first private port launch. A few years later, the SEZ policy was announced. 'Once again, we moved fast. While others saw barren land, we saw 40,000 acres of possibility,' Gautam Adani remarked.
