Jeet Adani, Director, Adani Defence & Aerospace Adani Group’s tie-up with Brazilian aerospace major Embraer is a step towards positioning the industrial conglomerate as a one-stop shop for the aviation sector, Jeet Adani, Director, Adani Defence & Aerospace, told businessline. In an exclusive interaction, Jeet Adani said the memorandum of understanding with Embraer is aimed […]
Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]
Adani Group and Brazil’s Embraer SA are partnering for a regional transport aircraft venture in India, marking the foray of the conglomerate that’s already the largest airport operator in the country. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad. (REUTERS) The partnership covers […]
Adani Group plans to invest ₹1.5 lakh crore in Kutch over the next five years, as the ports-to-mining conglomerate looks to double down on investments in its home state of Gujarat. Karan Adani, managing director and chief executive of Adani Ports and Special Economic Zone Ltd. (Bloomberg) “We will complete our Khavda project and commission […]
Billionaire Gautam Adani is folding his cement empire into one single entity, in what is seen as an attempt to streamline operations and take on market leader UltraTech Cement Ltd. in India’s rapidly consolidating infrastructure space. Post Ambuja Cements merger, Adani Ambuja and Adani ACC will continue to operate as independent brands. (Reuters) The board […]
The Ahmedabad-based Adani Group has a five-year, $11-billion expansion plan for its airports business but no plans to start an airline in the world’s fastest growing aviation market. Jeet Adani, director at Adani Airports Holdings Ltd. and son of billionaire Gautam Adani, at the newly built Navi Mumbai International Airport. (Reuters) What’s the plan: The […]
The Adani Group plans to invest $15 billion to boost passenger capacity at its airports to 200 million annually in the next five years, helping power India’s aviation boom as it prepares to list its airport unit. The Adani Group HQ in Ahmedabad. The Adani Airports expansion plan excludes 20 million at Navi Mumbai and […]
Billionaire Gautam Adani’s $1.2 billion copper smelter in Gujarat is receiving only a fraction of the ore required to operate the 500,000-ton-a-year plant at full capacity, as a global supply squeeze tightens. Adani’s Kutch Copper requires about 1.6 million tons of concentrate to function at full strength. (Reuters) Kutch Copper Ltd., which began processing metal […]
Billionaire Gautam Adani plans to build a multi-billion dollar battery energy storage system in Gujarat to support his group’s renewable energy ambitions, according to people familiar with the matter. Adani Group Chairman Gautam Adani. (Bloomberg) The proposed installation, planned for completion by March 2026, would be India’s top battery storage facility and among the largest […]
A unit of the beleaguered Sahara Group’s has approached the Supreme Court (SC) of India seeking approval to sell 88 of its prime properties to Adani Group. A unit of the beleaguered Sahara Group’s has approached the Supreme Court (SC) of India seeking approval to sell 88 of its prime properties to Adani Group. (Picture […]