Page 36 - Adani Group

Power Mech gets orders over Rs 1,034 crore from Adani Group, others

Power Mech Projects (Power Mech) on Monday said it has bagged three projects, including one from the Adani Group, totalling Rs 1,034.13 crore. In a regulatory filing, the company said it has received service order/letters of award (LOA) worth Rs 1,034.13 crore. A service order for execution of retrofitting of flue gas desulphurisation (FGD) system is from the Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh and Raipur in Chhattisgarh, Power Mech said. The order from the Adani Group is of Rs 608 crore, it said. Another order of Rs 306.60 crore is for setting up of a wagon repair workshop at Kazipet, Telangana. This project has been awarded to Power Mech-Taikisha, its joint venture company with Taikisha Engineering India Private Limited. The third project of Rs 119.53 crore is for providing technical expert, rotary technicians operation and maintenance services at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract

NDTV gains 5% as founders plan to sell 27.26% stake to Adani group

On Friday, founders Prannoy Roy and Radhika Roy said that they would sell 27.26 per cent out of their 32.26 per cent shareholding in the news broadcaster to the Adani Group

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

NDTV founders to sell 27.26% stake in NDTV to Adani group, keep 5%

Adani group will have nearly 65% shareholding in the media company; two additional directors appointed by Adani on NDTV board

Founders Prannoy Roy, Radhika Roy exit NDTV, transfer most stakes to Adani

NDTV founders Prannoy Roy and Radhika Roy say they will sell most of their shares in the broadcaster to Adani Group

Rs 1 trn m-cap club hits half-century in 2022 despite muted gains in Sensex

It's a sign of gains in equity markets being lopsided, say analysts

Adani group to invest Rs 10,700 crore to expand Lucknow airport

About 25,000 people will be employed once the project is completed

Ambani to take on ITC, Patanjali, Adani with FMCG brand 'Independence'

Billionaire Mukesh Ambani-led Reliance will rival FMCG food businesses of ITC, Tata Consumer Products Ltd and Adani Wilmar with launch of brand 'Independence' for staples, processed foods, beverages and other daily essentials, analysts said. Reliance Consumer Products Ltd (RCPL), the newly set up FMCG arm of Reliance Retail Ventures Ltd (RRVL) last week made a foray into staples with launch of brand Independence in line with announcement Ambani had made at the company's annual shareholder meeting earlier this year. RRVL is a wholly-owned subsidiary of Reliance Industries Ltd (RIL). The launch is only in Gujarat, possibly on a pilot testing basis, and has indicated that products would be affordably priced. Post development of the brand, it will be rolled out nationally. It will be "competing with Adani Wilmar in edible oil, grains and pulses; Patanjali Foods in biscuits, edible oil, packaged atta; Parle and Britannia in biscuits; Tata Consumer in pulses, packaged water; and ITC in .

Stocks to watch: Glenmark Pharma, NTPC, V-Guard Inds, Lupin, YES Bank, NDTV

Stocks to watch today: Jaiprakash Associates has called a board meeting on Monday, December 12, to mull over sale of their Nilgrie cement unit in Madhya Pradesh

Shipping Ministry seeks advice on letting APSEZ bid for govt tenders again

Ministry is concerned about wider repercussions of Supreme Court decision to revoke the firm's disqualification

Adani group entity operating Guwahati airport gets aerodrome licence

The Guwahati International Airport Ltd, the Adani group entity that operates the LGBI Airport, here, has been granted aerodrome licence by the DGCA for complete management of the airport, an official statement said on Saturday. The licence was granted by the Directorate General of Civil Aviation (DGCA) on Friday, the Guwahati International Airport Ltd statement said. It said the aerodrome licence has been given for "ensuring complete management, operations and development of the Lokpriya Gopinath Bordoloi International (LGBI) airport in accordance with the concession agreement". "The license authorises the aerodrome to be used as a public airport of the country," it added. The licence was received by the Chief Airport Officer of LGBI Airport, Utpal Baruah, in Delhi from Arun Kumar, Director General, DGCA, Government of India. So far, Guwahati International Airport Ltd was operating the LGBI Airport with the licence of the AAI, the facility's earlier operator. The Adani group had

NDTV approves proposal to invite two Adani nominees on its board

The appointment of directors, NDTV said, would be taken up at its next board meet on December 23

Adani firms, RIL share honours in Motilal Oswal wealth-creation study

The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022

Work on Adani Vizhinjam port will resume within a week: Jayakumar

he arbitration process is already on for not just extension demand, but also force majeure claims by Adani taking into account cyclones like Ockhi, Covid and floods

Eye on maximum value, lenders say no to Reliance Capital liquidation

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

Adani Group shares trade firm in weak market; Adani Enterprises, AWL up 3%

Adani Enterprises, the flagship company of Adani Group, was up 3% to Rs 4,057.35 on the BSE in intra-day deal,. It was trading close to its record high level of Rs 4,098.10 touched on November 16

Adani group becomes single-largest shareholder in NDTV with 37.4% stake

Conglomerate can now propose reconstitution of board, say proxy advisory firms

The corporate push towards 'one nation, one media'

In a sense, then, corporates are entering the media business for the same reason that political parties and political families own media houses - to influence public opinion

Adani Airport Holdings increases borrowing limit by Rs 2,500 crore

AAHL currently manages seven functional airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram

Dharavi redevelopment project a veritable realty goldmine, say experts

Sensitive rehab, retaining local jobs key challenges in Adani's mega project