Latest news with #AdaniEnterprisesLtd
Time of India
4 days ago
- Business
- Time of India
‘Investors from US, Middle East interested…': Adani Airport Holdings may raise $1 billion in equity; first time from external investor
The airport division, which is entirely owned by Adani Enterprises Ltd, has an estimated value of $20 billion. Adani Airport Holdings Ltd (AAHL) is considering raising approximately $1 billion in equity from international investors whilst assessing expansion strategies and possible acquisitions, Adani Group CFO Jugeshinder Singh has said. The airport venture will be seeking external investor equity funding for the first time. The airport division, which is entirely owned by Adani Enterprises Ltd, has an estimated value of $20 billion, according to sources quoted in an ET report. This valuation surpasses GMR Airport's market capitalisation of $10.4 billion. GMR operates airports across various locations including New Delhi, Hyderabad, Goa and Nagpur. AAHL, which holds the position of India's largest private airport operator, currently manages seven airports - Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram. The company is completing its eighth airport in Navi Mumbai, scheduled to commence operations in August. Adani Airport Holdings Seeks International Investors "Everyone wants to do airports with us - investors from the US, Middle East and Australia have evinced interest in investing in the business," said Sagar Adani, nephew of group chairman Gautam Adani. Sagar Adani is also executive director, Adani Green Energy. CareEdge Ratings estimates that India's air passenger traffic will grow at 9% CAGR between FY25 and FY27, reaching a volume of 485 million. Adani Airports Across India According to the Directorate General of Civil Aviation, India's domestic air passenger traffic showed a 10.35% yearly increase in FY25. Airlines transported 14.54 million passengers across their routes. AAHL plans to capitalise on this growth by expanding its infrastructure, particularly with airports in Mumbai-Navi Mumbai and other strategic locations, aiming to triple its capacity over the next 15 years. Also Read | Big worry! China's grip over rare earth magnets sends Indian auto industry into a spin; delegation of industry people eye China visit Whilst the company maintains sufficient funding at present, it remains open to securing additional capital based on timing and market circumstances. Adani CFO Singh indicated uncertainty about their immediate plans, saying, "We also have not decided whether we want to do it or not yet. So what we are thinking about is — is it a good idea for us to do it right now or should we wait two-three years once the build-out happens and the value is established." In January, Abu Dhabi Investment Authority (ADIA) provided an investment of ₹6,300 crore to GMR Enterprises (GEPL), the promoter entity of GMR Group, to decrease their debt burden. Regarding expansion plans, Singh said, "We are open to acquisitions in India and internationally. For international deals, it will have to be an international city pair which caters to an Indian diaspora. If there's a lot of Indian passengers going to a specific airport in some other city in the world, and if that opportunity comes up, we will look at that." The organisation plans to establish the airport business as an independent subsidiary within the next two-three years, before proceeding with its listing. AAHL reported a 7% increase in passenger traffic, handling 94 million passengers in FY25 compared to FY24. Also Read | 'Better than America…': Nitin Gadkari asserts India's roads to be comparable to US in 2 years, adds 'main picture yet to start' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
6 days ago
- Business
- Business Standard
Adani Enterprises Ltd spurts 2.09%, rises for fifth straight session
Adani Enterprises Ltd is quoting at Rs 2636, up 2.09% on the day as on 12:44 IST on the NSE. The stock is down 18.17% in last one year as compared to a 8.04% spurt in NIFTY and a 2.54% spurt in the Nifty Metal. Adani Enterprises Ltd gained for a fifth straight session today. The stock is quoting at Rs 2636, up 2.09% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 25136.5. The Sensex is at 82493.19, up 0.06%. Adani Enterprises Ltd has risen around 8.69% in last one month. Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has risen around 7.03% in last one month and is currently quoting at 9477, up 0.68% on the day. The volume in the stock stood at 13.24 lakh shares today, compared to the daily average of 9.68 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2643.7, up 1.95% on the day. Adani Enterprises Ltd is down 18.17% in last one year as compared to a 8.04% spurt in NIFTY and a 2.54% spurt in the Nifty Metal index. The PE of the stock is 114.09 based on TTM earnings ending March 25.
New Indian Express
08-06-2025
- Business
- New Indian Express
Gautam Adani draws Rs 10.41 crore pay in FY25, lags behind peers
NEW DELHI: India's second richest person Gautam Adani received a total remuneration of Rs 10.41 crore in the fiscal year ended March 31, 2025, lower than most industry peers and his own key executives. Adani, 62, drew salaries from two out of the nine listed companies in his ports-to-energy conglomerate, the latest annual reports of the listed entities of the group showed. His total remuneration was 12 per cent more than the Rs 9.26 crore he had earned in the previous 2023-24 financial year. His remuneration for 2024-25 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.26 crore salary and another Rs 28 lakh in perquisites, allowances and other benefits.
Hans India
02-05-2025
- Business
- Hans India
Adani Enterprises' Q4 net surges 7.5x
New Delhi: Adani Enterprises Ltd, the flagship company of the billionaire Gautam Adani's group, on Thursday reported a 7.5x jump in its fourth quarter net profit on the back of one-time gain from stake sale in consumer goods venture, and strong growth in solar manufacturing and profit of Rs 3,845 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with Rs 450.58 crore earnings in the same period a year back, according to a company statement. The profit rise was helped by a Rs 3,286 crore gain made from the sale of stake in Wilmar. After adjusting for one-time gain from the Wilmar stake sale, the net profit came at Rs 1,313 crore. The strong performance was driven by the company's incubator businesses - solar and wind manufacturing and airports, which are expected to be the next large value creators for the group. EBITDA for these two businesses increased 73 per cent and 44 per cent, respectively, during the quarter, lifting the consolidated EBITDA by 19 per cent to Rs 4,346 crore for Q4.
Bloomberg
30-01-2025
- Business
- Bloomberg
Adani Flagship's Net Slips 97% in First Earnings Since US Probe
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Adani Enterprises Ltd. posted a sharp fall in its quarterly profit weighed down by the coal trading unit and a foreign exchange loss, marking a tepid show in its first earnings since the billionaire-chairman Gautam Adani was indicted in a US bribery probe in November.
