In Short : Adani Group has ambitious plans to build a solar manufacturing capacity of 10 GW (gigawatts) by 2027. This initiative underscores India’s commitment to expanding its renewable energy sector and becoming self-reliant in solar equipment manufacturing. By investing in solar manufacturing at this scale, Adani aims to significantly contribute to India’s clean energy […]
Adani Group forms JV with Japan’s Kowa for green ammonia, hydrogen – EQ
Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water Billionaire Gautam Adani’s group on Friday said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. “Adani Global Pte […]
India’s first trans-national power plant of 1,600 MW capacity commissioned by Adani Group – EQ Mag
Electricity supplied from Godda will replace costly power generated in Bangladesh using liquid fuel Gautam Adani, Chairman of the Adani Group, recently visited Bangladesh Prime Minister Sheikh Hasina in Dhaka to mark the successful commencement of full power supply from the Group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Godda, India. The Godda USCTPP is […]
Adani Group eyes achieving Rs 90,000 crore EBITDA in 2-3 years – EQ Mag
Adani’s projected EBITDA of more than Rs 90,000 crore is expected by FY23, according to a company note. Adani Group has set a target of achieving Rs 90,000 crore EBITDA in the next 2-3 years. This would be a significant jump from the group’s current EBITDA of around Rs 50,000 crore. The Adani Group is […]
Adani Group posts 36 per cent jump in earnings at Rs 57,219 cr in 2022-23 – EQ Mag
‘Adani Portfolio companies operate in utility and infrastructure businesses with more than 83% of EBITDA being generated from core infrastructure businesses providing assured and consistent cash flow generation,’ says the conglomerate Gautam Adani-led Adani Group on Tuesday said it has delivered a “record-breaking performance” across its portfolio of companies in FY23 The ports-to-power conglomerate said […]
Adani Group repays loans worth $2.65 billion to complete prepayment programme – EQ Mag
New Delhi : Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has […]
India’s Adani Group weighs $3 billion investment in Vietnam – EQ Mag
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer […]
Adani group aims to raise about $800 million for financing green energy projects – EQ Mag
Nearly a month after the report was published, Adani Group lost almosty two-thirds of its combined market value. New Delhi : Billionaire Gautam Adani-led Adani Group is aiming to raise about $800 million for new green energy projects, Bloomberg reported quoting people familiar with the matter. This, if true, could be Adani Group’s biggest borrowing […]
Adani Group prepays $2.15 billion share-backed financing, $500 million bridge loan for Ambuja acquisition – EQ Mag
The quick completion of the entire prepayment program of USD 2.65 billion within six weeks is Adani’s way to reassure investors of the strong liquidity management and access to capital at the sponsor level. Adani Group has announced that it has completed the full prepayment of margin-linked share-backed financing, amounting to USD 2.15 billion, ahead […]
Adani to set up cement plants, data centre in Andhra Pradesh – EQ Mag
Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family’s scion, said on Friday. The apples-to-airport group plans to double the capacity of the two seaports […]