Ahmedabad, July 3 (IANS) Global institutions and India’s largest mutual funds have backed multiple Adani Group companies, marking a sharp turnaround in investor sentiment.Adani Group has emerged as one of the biggest draws for institutional investors over the past year, attracting around Rs 40,000 crore of fresh equity into its flagship company alone while also seeing marquee global and domestic investors increase their exposure across several listed entities.Adani Enterprises Ltd (AEL) this wee…
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New Delhi, June 21 (IANS) Countries, including India, must invest in “intellectual infrastructure” as seriously as they invest in physical infrastructure, Pranav Adani, Director, Adani Enterprises Ltd, has emphasised, adding that institutions capable of looking beyond immediate headlines, challenging conventional assumptions, identifying emerging risks, and connecting developments across sectors would play a critical role in helping societies navigate uncertainty and sustain long-term growth.A…
Ahmedabad, June 6 (IANS) Adani Enterprises Ltd (AEL) has planted more than 1.6 million trees and saplings across 568 hectares at the Parsa East and Kanta Basan (PEKB) mine in Chhattisgarh’s Surguja district, transforming the area into a green landscape.Once an active mining site, the area has now been transformed into a lush green landscape. Under the ecological restoration, 40 trees are planted for every tree removed for mining activities.Native species including Sal, Mahua, Tendu, Amaltas and …
Ahmedabad, June 2 (IANS) Adani Portfolio on Tuesday announced it has delivered the highest annual capex by any Indian corporate at Rs 1,52,967 crore ($16.1 billion) in FY26, with asset base now standing at Rs 7,85,098 crore ($82.2 billion), reflecting accelerated investment cycle.EBITDA for FY26 reached an all-time high of Rs 94,834 crore ($10 billion), up 5.6 per cent year-on-year — with core infrastructure contributing 87 per cent of earnings.Nearly 80 per cent of investments were directed to…
New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…
Ahmedabad, May 21 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).In a regulatory filing, the Adani Group company said it has entered into a share purchase agreement with JAL to acquire 100 per cent shareholding in JFIL, which is the holding company of Kanpur Fertilizers and Che…
Ahmedabad, May 21 (IANS) Adani Power on Thursday said it has entered into definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24 per cent stake in Jaiprakash Power Ventures Ltd (JPVL) and the 180 MW Churk thermal power plant in Uttar Pradesh, under the NCLT-approved resolution plan for JAL.In a stock exchange filing, the Adani Group company said it has executed a Share Purchase Agreement to acquire JAL’s 24 per cent holding in Jaiprakash Power Ventures Ltd for about Rs 2,99…
New Delhi, May 19 (IANS) Describing the US decision to drop charges against Adani Enterprises Ltd a ‘huge victory’ for the Adani Group and a positive development for the industry and the country, a leading law expert on Tuesday said the development could help strengthen the Group’s international expansion plans.Speaking to IANS, Raian Karanjawala, Managing Partner of Karanjawala & Co, said the resolution of the case removes a major obstacle for the Adani Group and could strengthen its …
Washington, May 19 (IANS) Indian-American community leader and former presidential adviser, Ajay Bhutoria, on Monday hailed the dismissal of criminal charges against the Adani Enterprises Ltd, calling it a “definitive legal victory” and describing the Adani Group’s proposed $10 billion investment in the United States as a “game-changer” for the American infrastructure and technology leadership.In a statement issued from Silicon Valley, Bhutoria said the resolution marked a major turnin…
Washington, May 19 (IANS) The resolution of the legal matter involving Adani Enterprises Ltd removes a major distraction from the growing India-US economic partnership, and could pave the way for fresh Indian investments in the United States, the US-India Strategic Partnership Forum (USISPF) said on Monday.“The US Department of Justice’s resolution in the case involving Adani Enterprise brings closure to the ongoing legal matter, which has been a distraction to the otherwise strong US-India ec…