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Economy

Adani Power will continue to supply power to Bangladesh

Adani Power will continue supplying electricity to Bangladesh from its 1,600 MW Jharkhand plant, despite new Indian guidelines allowing export-oriented units to sell power domestically in case of supply disruptions or defaults.

News Arena Network Aug 16 2024

Economy

Markets bounce back after early decline

During the early trade, Adani Energy tumbled 17% with Adani Total Gas tanking 13.39%. But, later in the day, all group firms recovered most of their early lost ground.

Nation

Hindenburg report 'malicious' & 'manipulative': Adani Group

“The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering...," the Adani group said in a filing.

Nation

SC halts Gujarat HC land recovery order in Adani case

The Supreme Court intervened on Wednesday by halting an order from the Gujarat High Court that mandated the recovery of land allocated to Adani Ports and Special Economic Zone Ltd in Mundra, Gujarat.

Economy

Adani group denies Paytm stake acquisition

Adani Group refutes claims of acquiring stake in Paytm amidst media speculation; Paytm denies engagement in discussions regarding the matter.

Economy

Adani Group launches World's largest copper plant in Gujarat, boosting India's metal production and energy transition

"On completion of the second phase, Kutch Copper, with 1 million tonnes per annum, will be the world's largest single-location custom smelter, benchmarking ESG performance standards while leveraging state-of-the-art technology and digitalisation," the statement said.

Mar 28 2024

Economy

Adani ports shares surge following acquisition of majority stake in Odisha’s Gopalpur port

The flagship company of the Adani group is set to acquire a substantial 95 percent stake in Gopalpur Port. Gopalpur Port, situated between Paradip Port and Vizag Port, has been operational since 2015, primarily serving the country’s steel industry. The port handles a diverse range of dry bulk cargo, including coal, iron ore, limestone, and ilmenite. Connected to the Golden Quadrilateral via NH-516, Gopalpur Port boasts a capacity to handle around 20 million metric tonnes per annum (MMPTA) of cargo.

Mar 26 2024

Nation

Cash-for-Query scandal: CBI files FIR against TMC's Mahua Moitra

The Central Bureau of Investigation (CBI) has recently registered an FIR against former Trinamool Congress (TMC) MP Mahua Moitra in connection with a cash-for-query case.

Mar 21 2024

States

Labour Minister steps in: Pushes for compensation in Vizhinjam port accident

Kerala's Labour Minister, V Sivankutty, has called upon Adani Port authorities to extend compensation to the family of a young medical student tragically killed in a freak road accident near Vizhinjam.

Mar 20 2024

Nation

Adani Vizhinjam Port awarded International Safety Honor by British Safety Council

AVPPL joins the ranks of 269 global organizations receiving a 'Distinction in the International Safety Awards 2024', out of the total 1,124 recipients of the award.

Mar 19 2024

Economy

Adani Group reveals USD 14 billion investment plan for FY25, emphasizing green energy and infrastructure

   Notably, the conglomerate's ambitious plan includes the development of the world's largest renewable park in Gujarat, covering an expansive area of over 530 square kilometers. In addition, with a portfolio boasting 8 airports, including the upcoming Navi Mumbai airport, and 14 domestic ports, Adani is positioned to solidify its position as a key player in these critical sectors vital for India's economic growth and connectivity.

Mar 19 2024

Economy

US investigating Adani group and founder over alleged bribery: Bloomberg Report

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.

Mar 16 2024

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