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Adani Group inks MoU with Govt of Andhra Pradesh to build Data Center Parks

Adani Group has signed a Memorandum of Understanding (MoU) with Government of Andhra Pradesh to build Data Center Parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years. This ambitious project would be a first-of-its-kind 100% renewable energy powered project in the world. The Government along with the integrated infrastructure conglomerate Adani Group will develop ... Read More »

PFC’s arm transfers Obra-C Badaun to Adani transmission

Power Finance Corporation’s (PFC) wholly owned subsidiary — PFC Consulting has transferred Obra-C Badaun Transmission to Adani Transmission. Obra-C Badaun Transmission is a wholly owned subsidiary of PFC Consulting established for development of Transmission System for evacuation of power from Obra-C (2×660 MW) Thermal Power Project & Construction of 400 kV GIS substation Badaun with associated transmission lines. PFC provides ... Read More »

Adani Ports delivers 50 US made GE locomotives to Indian Railways

Adani Ports and Special Economic Zone (APSEZL) has successfully concluded the import and dispatch of 50 General Electric Transportation (GE) locomotives from Mundra port for the Indian Railways with full customer satisfaction and ‘zero’ incident. All 50 locomotives were manufactured by GE Electromotive Division in the US and imported at Mundra port for the Indian Railways, a first for Indian ... Read More »

Adani Transmission incorporates wholly owned subsidiary

Adani Transmission has incorporated a wholly owned subsidiary (WOS) namely, ‘AEML Infrastructure’ (AIL) on December 12, 2018. AIL is yet to commence its business operations. The company has incorporated subsidiary for transmission, distribution and supply of power and other infrastructure services relating thereto. Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged ... Read More »

Adani Enterprises’ arm acquires stake in Alpha Design Technologies

Adani Enterprises’ wholly owned subsidiary – Adani Defence Systems and Technologies has acquired stake in Alpha Design Technologies. The cost of acquisition is Rs 400 crore. Alpha Design Technologies provides Adani Defence & Aerospace a strong Tier-I capability for building a base for graduating to platform capabilities. Adani Enterprises is an infrastructure company. The company is engaged in coal trading, ... Read More »

Adani Transmission receives LOI from PFC Consulting

Adani Transmission has received the Letter Of Intent (LOI) from PFC Consulting (A wholly owned subsidiary of PFC Corporation) to build, own, operate and maintain the transmission project in the state of Uttar Pradesh. The project ‘Obra-C Badaun Transmission’ has approximately 625 ckt kms of line at voltage levels of 765 kV and 400 kV. This project is primarily being ... Read More »

Adani Enterprises incorporates WOS company

Adani Enterprises has incorporated a wholly owned subsidiary (WOS) company namely Mundra Copper (MCL) on November 22, 2018. Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution. Read More »

Adani Gas bags 13 CGD projects

Adani Gas has bagged authorization from the Petroleum and Natural Gas Regulatory Board, Government of India to expand its city gas footprint in 13 new Geographical Areas (GAs) in the recently concluded 9th round of CGD bidding. In addition, the company has also won 9 GAs in its joint venture company with Indian Oil Corporation, i.e. Indian Oil – Adani ... Read More »

Adani Transmission acquires entire stake in KBSTPL

Adani Transmission has signed Share Purchase Agreement with KEC International (KEC) on November 03, 2018 for acquisition of its entire stake in KEC Bikaner Sikar Transmission (KBSTPL). KBSTPL is having an operational transmission line of 344 ckt. kms in the State of Rajasthan from Bikaner to Sikar. Adani Transmission is a holding company. The company operates as a power transmission ... Read More »

Adani Transmission reports 43% rise in Q2 consolidated net profit

The company has reported net profit of Rs 22.61 crore for the quarter under review as against net loss of Rs 20.12 crore for the same quarter in the previous year. Total income of the company increased by 11.76% at Rs 472.95 crore for Q2FY19 as compared Rs 423.17 crore for the corresponding quarter previous year. On the consolidated basis, ... Read More »

Adani Ports incorporates WOS company

Adani Ports and Special Economic Zone (APSEZL) has incorporated a wholly owned subsidiary (WOS) company ‘Adani Mundra Port Holding’ on October 30, 2018. The company has incorporated WOS at Republic of Singapore for business purpose. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and ... Read More »

Adani Power reports 22% rise in Q2 consolidated net profit

Adani Power has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1.31 crore for the quarter under review as against net profit of Rs 261.86 crore for the same quarter in the previous year. Total income of the company decreased by 36.60% at Rs 2,169.49 crore for Q2FY19 as compared Rs ... Read More »

Adani Enterprises reports around 3-fold jump in Q2 consolidated net profit

Adani Enterprises has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 24.82 crore for the quarter under review as compared to net loss of Rs 16.40 crore for the same quarter in the previous year. However, total income of the company increased by 53.22% at Rs 3,169.81 crore for Q2FY19 as ... Read More »

Adani Ports reports 39% fall in Q2 consolidated net profit

Adani Ports and Special Economic Zone has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 0.84% in its net profit at Rs 687.56 crore for the quarter under review as compared to Rs 681.85 crore for the same quarter in the previous year. Total income of the company increased by 7.79% ... Read More »

Adani Green Energy incorporates wholly-owned subsidiary company

Adani Green Energy has incorporated a wholly-owned subsidiary company Adani Wind Energy (TN) on October 15, 2018. The object of the acquisition is to undertake business of generation of electricity from renewable sources of energy. Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind. Read More »

Adani Enterprises’ arm incorporates wholly owned subsidiary

Adani Enterprises’ wholly owned subsidiary (WOS) — Adani Agri Logistics (AALL) — has incorporated a WOS namely, ‘Adani Agri Logistics (Darbhanga)’ (AALDL) on October 10, 2018. AALDL is yet to commence its business operations. AALDL is incorporated to develop, operate and maintain silos for storage of wheat at Darbhanga on DBFOO basis under PPP mode. Adani Enterprises is an infrastructure ... Read More »