Adani Enterprises

Adani Enterprises News

India's biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh crore on offer
Business

India's biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh crore on offer

Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum.

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO
Business

Adani Wilmar files draft red herring prospectus with SEBI for Rs 4,500 crore IPO

Adani Enterprises Limited said net proceeds from the IPO are proposed to be used by Adani Wilmar to fund expansion of existing manufacturing facilities

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze
Business

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd froze the accounts of the three foreign funds that are among the top stakeholders in the firms

Adani Group stocks tumble up to 25% amid reports of NSDL freezing three FPI accounts
Business

Adani Group stocks tumble up to 25% amid reports of NSDL freezing three FPI accounts

Adani Enterprises tumbled 24.99 percent, while Adani Ports and Special Economic Zone plummeted by 18.75 percent on the BSE

Kerala's CPM to send 2 lakh emails to Modi opposing privatisation of Thiruvananthapuram airport
India

Kerala's CPM to send 2 lakh emails to Modi opposing privatisation of Thiruvananthapuram airport

The move was announced a day after Kerala CM Pinarayi Vijayan demanded withdrawal of the Union cabinet decision to lease out Thiruvananthapuram airport to the Adani group

Kerala govt did not qualify in Thiruvananthapuram airport's bidding process, says Hardeep Singh Puri
India

Kerala govt did not qualify in Thiruvananthapuram airport's bidding process, says Hardeep Singh Puri

Puri said that despite special provision of right of first refusal being given to the Kerala govt, the KSIDC could not qualify in the bidding process for the Thiruvananthapuram airport

Union Cabinet approves proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports
India

Union Cabinet approves proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports

Adani Enterprises had won the rights to run six airports through PPP model after a competitive bidding process in February 2019

Adani Enterprises Q4 net profit declines 64% to Rs 96.93 cr; total income marginally up at Rs 13,698 cr
Business

Adani Enterprises Q4 net profit declines 64% to Rs 96.93 cr; total income marginally up at Rs 13,698 cr

Adani Enterprises on Wednesday reported a 63.57 percent decline in consolidated profit to Rs 96.93 crore for the fourth quarter ended 31 March

CBI books Adani Enterprises, three others for alleged irregularities in coal supply contract
Business

CBI books Adani Enterprises, three others for alleged irregularities in coal supply contract

The CBI has registered a case of cheating and corruption against Adani Enterprises and a former chairman and an ex-managing director of multi-state cooperative NCCF for alleged irregularities in selecting a company for a tender to ferry coal from ports to power stations in Andhra Pradesh, officials said on Thursday

Swiss firm Zurich Airport AG to develop Jewar airport on outskirts of Delhi; outbids DIAL, Adani Enterprises
Business

Swiss firm Zurich Airport AG to develop Jewar airport on outskirts of Delhi; outbids DIAL, Adani Enterprises

Zurich Airport International AG will develop the Jewar airport on the outskirts of Delhi, officials said after the Swiss company on Friday outbid competitors like Adani and DIAL for what is billed to be the biggest airport in the country

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group
Business

Adani Gas shares zoom nearly 8% after CCI approves stake-buy by French energy firm Total Group

Shares of Adani Gas zoomed nearly 8 percent on Friday after the Competition Commission gave approval to the acquisition of 37.4 percent shareholding and joint control by Total Group in the company

Adani Enterprises awards rail contract to support Australian thermal coal mine
Business

Adani Enterprises awards rail contract to support Australian thermal coal mine

India’s Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state

How Fed rate cut will affect India, divestment policy should look beyond revenue collection; all this and more on Moneycontrol Pro
Business

How Fed rate cut will affect India, divestment policy should look beyond revenue collection; all this and more on Moneycontrol Pro

The Fed indicated that the US economy is largely stable. Thus, a global growth slowdown & trade uncertainty largely explain the cut.

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill
Business

Govt to invite bids from global coal miners before end of 2019, move aims at reducing import bill

Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago.

Adani Enterprises arm to invest Rs 10,000 cr in airport business; projects to start revenue generation from next year
Business

Adani Enterprises arm to invest Rs 10,000 cr in airport business; projects to start revenue generation from next year

The government last month said the Airports Authority of India (AAI) has issued letters of award for handing over Ahmedabad, Lucknow and Mangaluru airports to Adani Enterprises Ltd after the Cabinet nod.

Consumer economy in doldrums, stocks pick from analysts; read all this and more on Moneycontrol Pro
Business

Consumer economy in doldrums, stocks pick from analysts; read all this and more on Moneycontrol Pro

Use code “FREEDOM” For more information, check out the Moneycontrol website or mobile app

Adani Group adds yet another revenue stream, sets up new company to manage airport businesses
Business

Adani Group adds yet another revenue stream, sets up new company to manage airport businesses

Adani Airports Ltd is incorporated in India and registered with the Registrar of Companies at Ahmedabad in Gujarat on 2 August.

Adani receives green signal for long-delayed Australian coal mine; firm says ready to start construction on getting permit
Business

Adani receives green signal for long-delayed Australian coal mine; firm says ready to start construction on getting permit

Adani last year scaled back its initial plans for a 60 million tonne per year mine and has said that it will self-fund the project, backed by ready buyers in its own Indian power plants and its trading business.

Adani Group wins projects across coal, gas, highways in competitive bidding; firm looks to diversify portfolio
Business

Adani Group wins projects across coal, gas, highways in competitive bidding; firm looks to diversify portfolio

In February, Adani Enterprises bid highest pre-passenger fee to the Airport Authority of India over the next 50 years to bag rights for half a dozen airports in the country.

Kerala government moves high court against AAI handing over Thiruvananthapuram airport to Adani
Business

Kerala government moves high court against AAI handing over Thiruvananthapuram airport to Adani

The Kerala government has moved the high court challenging the AAI's "arbitrary and illegal" attempt to prefer Adani Enterprises for the management of Thiruvananthapuram International Airport