Adani
India’s Adani Power Q1 profit down more than half as fuel costs bite
Consolidated net profit fell from 87.59 billion rupees a year earlier to 39.13 billion rupees (S$625.1 million) in the April-June quarterIndian thermal power producer Adani Power reported a 55.3...
Adani returns to equity market with up to US$1 billion share sale: sources
INDIA’S Adani Energy Solutions plans to raise up to US$1 billion through an equity market share sale, said two sources with direct knowledge of the matter, its first such...
Adani to return to equity market with transmission business share sale, sources say
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than US$600 million, two sources with direct knowledge of...
India’s Adani Group to increase capex to US$15.6 billion in fiscal 2025, CFO says
The group is betting on infrastructure spending, which is expected to grow at a compounded annual growth rate of 20 per cent-25 per cent Indian ports-to-power conglomerate Adani Group...
India’s Adani Group plans e-commerce, payments ventures
India’s Adani Group has been considering an application for a licence to operate on the country’s public digital payments network and is in talks with banks to finalise plans...
Norway wealth fund blacklists Adani Ports citing ties to war
Norway’s US$1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone from its portfolio, citing “unacceptable” risks that the company is tied to human...
Sri Lanka approves power deal with India’s Adani Group
Sri Lanka announced on Tuesday (May 7) it was entering into a 20-year agreement with Adani Group to buy electricity from a US$442-million wind power plant the Indian conglomerate...
Adani in talks with banks to borrow US$600 million for gas unit
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about US$600 million to refinance existing debt, according to people familiar with the matter.The loan will be raised by...
