The high-level clearance authority (HLCA) of Odisha government headed by Chief Minister Naveen Patnaik on Wednesday approved the Adani Group's proposal to set up two projects -- a 4 MMTPA integrated alumina refinery and a 30 MMTPA iron ore (value addition) project.
According to sources, more than 30 army personnel will be deployed in the security given to India's top industrialist.
Telecom Minister Ashwini Vaishnaw said the response on the first day of the auction exceeded all expectations and will surpass the records of 2015, when revenue collection from auction stood at Rs 1.09 lakh crore.
Adani has in the last couple of years diversified beyond core business of operating ports, power plants and coal mines into airports, data centres and clean energy.
Bengaluru: In a major achievement in its endeavour to attract investments, Odisha was able to garner investment commitments worth Rs 90,490 crores at the two-day investors’ meet organised in Bengaluru. “I personally met heads of 24 companies today. We have received total investment announcement of Rs 90,490 crore during the two days with employment potential […]
Twenty six pacts worth $22 billion! That was the sum and substance of the pacts signed between the businesses of India and China on Saturday, the major ones accounted for by the Adani and Bharti groups, coinciding with prime minister Narendra Modi's visit here
New Delhi: The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday. In a new report it details how Adani’s Abbot Point Coal Terminal has excessive financial leverage, negative shareholders equity and runs the risk […]
New Delhi: Days before the Lok Sabha election dates were announced, the government paved the way for Adani Power Limited (APL) to set up India’s first power sector special economic zone (SEZ) by amending guidelines. With the amendment to power-related guidelines for SEZ by the Ministry of Commerce earlier this year, APL is set to […]
New Delhi: As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani Group also entering the fray. According to sources, the Committee of Creditors (CoC) has asked […]
Baripada: Chief Minister Naveen Patnaik on Wednesday inaugurated a residential school for tribal students and launched various developmental projects worth more than Rs 200 crore in Mayurbhanj district. The chief minister emphasized the need of education for the deprived tribal population of Mayurbhanj district and hoped the newly set up institute will usher in a […]
New Delhi: In trouble brewing for the Gautam Adani-led M/S Adani Enterprises, the Central Bureau of Investigation on Thursday said it has registered a case against former officials of the National Co-operative Consumer Federation (NCCF) and others over alleged irregularities in supply of coal to the Andhra Pradesh Power Generation Corporation (APGENCO) in 2010. The […]
New Delhi: Billionaire Gautam Adani’s Adani Group on Monday said it will acquire GVK’s stake in Mumbai airport, to become the country’s biggest private airport operator, with a cumulative shareholding to 74 per cent. According to a regulatory filing, Adani Airport Holdings Ltd (AAHL), the flagship holding company of Adani Group for its airport business, […]
New Delhi: Flipkart, India’s leading homegrown e-commerce marketplace, Monday announced a strategic and commercial partnership with the Adani Group, India’s largest multinational infrastructure company. In this two-pronged partnership, Flipkart will…