Page 58 - Adani Group

Adani Enterprises divests stake in DC Development Hyderabad, NDCL

Adani Enterprises Ltd on Wednesday announced divestment of its entire stake in DC Development Hyderabad Pvt Ltd and Naida Data Center (NDCL) to AdaniConnex Pvt Ltd. Consequently, DC Development Hyderabad and NDCL have ceased to be wholly-owned subsidiaries of the company, Adani Enterprises said in a filing to BSE. "The company has divested its 100 per cent stake in DC Development Hyderabad Private Ltd and Naida Data Center Ltd, wholly owned subsidiary (WoS) companies on 22nd February, 2022 to AdaniConnex Private Limited," the filing said. AdaniConnex is 50 per cent joint venture company of AEL with EdgeConneX Europe B.V.

Adani, Ballard Power to explore investment in hydrogen fuel cell

Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement. Hydrogen is increasingly viewed as a critical medium for the decarbonization of energy, industry, and mobility. Adani aims to be one of the largest green hydrogen producers in the world through accelerated investment in renewable energy. Efforts under the MoU will be anchored by Adani New Industries Limited (ANIL), the newly formed subsidiary of Adani Enterprises, focused on generation of green hydrogen, including downstream products, green electricity generation, manufacture of electrolyzers and wind turbines, among others, it stated. "Green hydrogen is the fuel of the future and fuel cells will be a game-changer in India's energy transition," Vneet S Jaain, Director, Adani N

Adani Group all set to acquire new 'space' for Thiruvananthapuram airport

Soon after the Adani Group took over the control of Thiruvananthapuram Airport, the group is on its way to develop it, and the latest proposed acquisition is a modern building near the airport.

Bengal govt holds meeting on proposed Tajpur port with Adani group official

West Bengal Chief Secretary HK Dwivedi held a meeting with a representative of the Adani group and other state government officers in connection with building a proposed deep sea port at Tajpur

Adani Group shares buzz in trade; Adani Green, Adani Power rally up to 8%

Adani Green Energy rallied 8% to hit a new high of Rs 2,094, and has surged 12% in the past three trading days

Stocks to Watch: Adani Wilmar, Grasim, Dish Tv, Coal India, Ashok Leyland

Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.

Adani Wilmar Q3 results: Consolidated PAT surges 66% to Rs 211 crore

The company's consolidated revenue from operations rose 40% to Rs 14,379 crore

S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating

AICTPL is a 50-50 joint venture between Adani Ports and Special Economic Zone Ltd and Terminal Investment Ltd

Bulls favour Adani Group despite mkt weakness; stocks can rally up to 17%

Adani group stocks have been in limelight post the stupendous listing of Adani Wilmar four days ago.

What explains Gautam Adani's meteoric rise?

Coal mining tycoon Gautam Adani became Asia's richest man for a short while, surpassing RIL Chairman Mukesh Ambani. What is behind Adani's success? Take a peek into his growth path

Lenders see faster resolution of Videocon debt with three big new bidders

Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business

Adani, Jindal Power join race to buy Videocon's consumer durable business

The Adani group's surprise entry into the race has raised hopes of the lenders who are now expecting an early resolution of Videocon's Rs 64,000 crore of debt

Adani Group forms new subsidiary to set up data centre in Mumbai

Adani Group has incorporated a new subsidiary to set up a data centre in Mumbai, one of half a dozen cities that the billionaire Gautam Adani's group has identified to set up data centres initially.

Adani Ports Q3 net profit declines 6% to Rs 1,478.76 cr, revenue flat

Its total consolidated income increased to Rs 4,422.73 cr in the latest December quarter from Rs 4,274.79 cre in the year-ago period

NCLT approves APSEZ's composite scheme to acquire Sarguja Rail Corridor

The company will now consolidate all rail assets under a single business entity Adani Tracks Management Services Pvt Ltd

Can you make a fortune in Adani Wilmar IPO? What brokerages say

The IPO in the price band of Rs 218 to Rs 230 per share will be open for subscription from January 27 to January 31.

POSCO makes a power move: Can steel major be fifth-time lucky in India?

The agreement with the mighty Adani group offers the South Korean giant a fifth shot at setting up an integrated steel plant in India

LIVE: Delhi, Mumbai, Bengal record marginal dips in fresh Covid cases

24,383 new cases in Delhi; 11,317 in Mumbai, 22,645 in Bengal

Stocks to Watch: Mindtree, HCL Tech, BPCL, Ujjivan SFB, HDFC Bk, Adani grp

HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.

Posco, Adani Group to invest up to $5 bn for green steel mills in India

Sign non-binding MoU; to explore setting up an integrated steel plant at Mundra