Adani

Adani Group is considering to invest ₹12,000 crore to start the redevelopment of Asia’s largest slum ‘Dharavi’ in Mumbai

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Adani Group’s potential investment of ₹12,000 crore to initiate the redevelopment of Dharavi, Asia’s largest slum, is a significant development that could have a transformative impact on the lives of millions of people. The redevelopment project, if successful, could provide much-needed infrastructure, improved living conditions, and economic opportunities for the slum’s residents. Here are some … Read more

ADANI GREEN ENERGY IS PLANNING TO ESTABLISH 2 GW SOLAR MODULE FACTORY IN TAMIL NADU

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Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is planning to establish a 2 GW solar module factory in Tamil Nadu. The factory is expected to be commissioned by 2024 and will create over 2,000 jobs. The factory will be located in Tirunelveli district and will have a production capacity of 2 … Read more

VISA TIE UP WITH ADANI AIRPORTS

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Visa and Adani Airports have announced a partnership to offer digital payments to travellers across India. The partnership will see Visa’s payment technology deployed at all of Adani Airports’ airports, including Ahmedabad, Jaipur, Lucknow, Mangaluru, and Thiruvananthapuram. The partnership will make it easier for travellers to pay for their airport services with Visa cards. Travellers … Read more

GOVERNMENT OF MAHARASTRA HAS APPROVED THE ADANI BID FOR DHARAVI SLUM REDEVELPOMENT PROJECT

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The Government of Maharashtra has approved the Adani Group’s bid to redevelop Dharavi, one of the largest slums in Asia. The project, which is expected to cost around Rs 23,000 crore, will see the construction of 17,420 homes, 1 lakh square meters of commercial space, and 23 schools and hospitals. The Adani Group was the … Read more

ADANICONNEX SEALS LARGEST DATA CENTER FINANCING DEAL IN INDIA WITH A USD 213 Mn CONSTRUCTION FINANCING FACALITY

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Ahmedabad, India, June 23, 2023: AdaniConneX, a 50:50 joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has sealed the largest data center financing deal in India with a USD 213 million construction financing facility. The facility was arranged by a consortium of banks led by Standard Chartered Bank and includes participation from ICICI … Read more

ADANI TRANSMISSION SECURE NOD TO RISE UP TO Rs 8,500 Cr

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Adani Transmission, India’s largest private power transmission company, has secured the approval of its shareholders to raise up to Rs 8,500 crore through a qualified institutional placement (QIP). The QIP will be used to fund the company’s growth plans, which include the acquisition of new assets, the expansion of its existing network, and the development … Read more

ADANI TRANSMISSION Rs 1700Cr FOR POWER PROJECT

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Adani Transmission nearing financial closure for its Mumbai power project. The news was reported by Indiaseatradenews.com on June 17, 2023. The article states that Adani Transmission is expected to achieve financial closure of Rs 1,700 crore by July-end. The financing is being provided by a consortium of nine global banks through an international construction facility. … Read more

Supreme Court has given a clean chit to Adani Group

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Supreme Court-appointed panel of experts has given a clean chit to the Adani Group in connection with allegations of price manipulation and regulatory failure. The panel, which was set up in 2021 to investigate the matter, said that there was no evidence to support the allegations. The allegations against the Adani Group were made by … Read more

SEBI has identified 13 transactions for related party norms and fraudulent trade violations in Adani Group companies.

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The Securities and Exchange Board of India (SEBI) has identified 13 transactions for related party norms and fraudulent trade violations in Adani Group companies. The transactions were between Adani Group companies and three offshore entities, which are said to have links to Adani Group founder Gautam Adani’s elder brother, Vinod Adani. The transactions are alleged … Read more

ADANI GENERATED ₹14000 cr REVENUE FROM INDIAN RAILWAY

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Adani Ports and Special Economic Zone Limited (APSEZ) generated ₹14,000 crore (US$1.7 billion) in revenue from Indian Railways in the financial year 2022-23. This was an increase of 13% from the previous year. The revenue was generated from the movement of coal, iron ore, and other commodities. APSEZ has a network of 12 ports and … Read more