Shivpuri (Madhya Pradesh), July 5 (IANS) In a significant boost to industrial and defence manufacturing in Madhya Pradesh, Chief Minister Mohan Yadav on Sunday inaugurated and laid the foundation stone for the Rs 2,500 crore Adani Defence and Aerospace Manufacturing Plant, described as the largest private sector construction project in South Asia.The event, held on the banks of National Highway-27 in Pali village, was inaugurated by Chief Minister Mohan Yadav by lighting the traditional lamp.Uni…
Latest Adani Group News & Updates
New Delhi, July 5 (IANS) The U.S. Department of Justice (DoJ) has done far more than seek dismissal of its criminal case against the Chairman of the Adani Group. In an unprecedented filing, it questions the legal and jurisdictional basis of the prosecution, challenges the timing of the indictment during the closing days of the Biden era and explains why the Department now believes the case should never have been brought in the first place.For Asia’s richest man, the filing marks a dramatic legal…
Ahmedabad, July 5 (IANS) The Adani Group on Sunday announced that it will invest Rs 2,500 crore over the next three years to establish an integrated missile manufacturing ecosystem in Shivpuri, Madhya Pradesh. The facility, described as South Asia’s largest private-sector missile ecosystem, will bring the entire value chain — from raw materials to mission-ready missile systems — under one roof.Speaking at the foundation stone-laying ceremony, Adani Enterprises Director Jeet Adani said the proj…
Kolkata, July 5 (IANS) The Adani Group would set up a 2,000-bed hospital in the New Town area near Kolkata, with 1,000 beds to be reserved for free treatment of poor patients, West Bengal Chief Minister Suvendu Adhikari has said.The Adani Group has given a written commitment to build a 2,000-bed modern hospital in New Town. Of these, 1,000 beds will be for the poor and another 1,000 will be used for commercial operation, the chief minister announcement on Saturday while outlining the initiatives…
New Delhi, July 4 (IANS) Union Minister for Communications and Development of North-Eastern Region (DoNER), Jyotiraditya M. Scindia will lay the foundation stone on Sunday for Adani Group’s Rs 2,500 crore defence manufacturing plant in Madhya Pradesh’s Shivpuri district, a project expected to strengthen the state’s position as an emerging defence manufacturing hub.The project is aligned with Prime Minister Narendra Modi’s ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives and is aimed at boos…
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…
Bhubaneswar, July 2 (IANS) The Rs 1.08 lakh crore ($11.5 billion) integrated greenfield aluminium project in Odisha, a 50:50 joint venture between Adani Enterprises Limited (AEL) and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, is expected to be Odisha’s largest foreign direct investment (FDI) proposal and India’s largest FDI in the metallurgy sector, it was announced on Thursday.The greenfield project will be developed in two phases with investments of Rs 66,000 …
Bhubaneswar/Ahmedabad, July 2 (IANS) In a significant development, the Adani Group on Thursday announced to build a mega aluminium plant in Odisha, along with Abu Dhabi-based International Holding Company (IHC), with a proposed investment of $11.5 billion (nearly 1.08 lakh crore). At the MoU signing ceremony for the proposed aluminium project in Bhubaneswar, Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ), said the “Adani Project represents ambition at a…
Bhubaneswar/Ahmedabad, July 2 (IANS) Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited (APSEZ), on Thursday said that for Adani Group, Odisha is the heart of eastern India’s economic development, as the company announced a landmark aluminium plant here, along with Abu Dhabi-based International Holding Company (IHC), with a proposed investment of $11.5 billion (nearly 1.08 lakh crore).Addressing the gathering, Karan Adani said that Adani Group Chairman, Gautam Adan…
Ahmedabad, July 1 (IANS) Adani Green Energy Limited (AGEL) on Wednesday announced it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development.The Adani Group company generates over 52 billion units of clean electricity annually, and the output represents nearly 3 per cent of India’s electricity consumption, according to a statement.“Surpassing 20 GW demons…