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Adani Green Energy’s 8.75 crore shares to be offered for sale

Adani Green Energy’s promoters — Adani Tradeline LLP and Universal Trade and Investment would offer 8.75 crore equity at an offer price of Rs 43 per shares. The offer for sale open for one day on May 21, 2019. Adani Tradeline LLP and Universal Trade and Investment have offered to sell 7,57,13,197 and 1,17,86,803 equity shares, respectively. Adani Green Energy ... Read More »

Adani Enterprises’ arm acquires Alpha Design Technologies

Mumbai : Adani Enterprises’ wholly owned subsidiary — Adani Defence Systems and Technologies has acquired the control of Alpha Design Technologies. The acquired company provides Adani Defence and Aerospace a strong Tier – I capability for building a base for graduating to platform capabilities. The key Business Areas of Alpha Design Technologies is in Defence Electronics, Avionics, Aero-structure Assemblies, Space ... Read More »

Adani Enterprises’ arm incorporates subsidiary company

Adani Enterprises’ wholly owned subsidiary — Adani Transport (ATL) has incorporated a subsidiary company namely ‘Suryapet Khammam Road’ (SKRPL) on April 12, 2019. SKRPL is yet to commence its business operations. 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 power secures LoI for Korba West Power Company

Mumbai : Adani power has been awarded the Letter of Intent (LoI) for Korba West Power Company (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 has approved the Resolution Plan submitted by the company. The National Company Law Tribunal, Ahmedabad has issued a LoI on April 06, 2019 ... Read More »

Adani Gas receives authorization for development of City Gas Distribution Network

Adani Gas has participated in 10th CGD Bidding Round issued by PNGRB and has received authorization letters for development of City Gas Distribution Network in the Geographical Area of Jhansi (Except area already authorized) District, Bhind, Jalaun, Lalitpur and Datia Districts and for development of City Gas Distribution Network in the Geographical Area of Anuppur, Bilaspur and Korba Districts. Adani ... Read More »

Adani Enterprises’ arm receives LoAs for two road projects in Telangana

Adani Enterprises’ wholly owned subsidiary — Adani Transport (ATL) has received a letter of awards (LoAs) from the National Highways Authority of India (NHAI) for two road projects in the State of Telangana. The first project is for Four Laning of NH-363 from Mancherial (Design Km 0.000/Existing Km 251.900) to Repallewada (Design Km 42.000/ Existing Km 288.510) (Design Length = ... Read More »

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 »