ADANI
Adani Group set to redevelop 143-acre Motilal Nagar in Mumbai’s Goregaon
Adani Properties is set to redevelop Mumbai's 143-acre Motilal Nagar in partnership with MHADA. The project involves rehabilitating thousands of existing residential, commercial, and slum units over seven years, with an estimated cost of Rs 36,000 crore. It follows Adani's major Dharavi redevelopment project.
Adani Group wins Rs 36,000 crore Motital Nagar redevelopment project in Mumbai
Adani's group has won the bid for redevelopment of Motilal Nagar in Mumbai, the second mega project after Dharavi. Adani Properties Pvt Ltd offered the highest built-up area of 3.97 million sq mt. MHADA retains control over the Rs 36,000 crore project, aiming to create modern apartments and well-integrated communities.
Adani's Vizhinjam port gets environment clearance for next phases: Kerala CM Pinarayi Vijayan
Vizhinjam International Seaport has received clearance from the Union Environment Ministry for its next two development phases, aiming for completion by 2028. Developed by the Adani Group, the port is India's first deep-water container transhipment and automated port. It is poised to significantly enhance India's maritime trade, reducing dependency on Colombo, Dubai, and Singapore for transshipment.
Macquarie initiates ‘Outperform’ rating on Adani Ports, sees 32% upside
Macquarie initiated coverage on Adani Ports (ADSEZ) with an ‘Outperform’ rating and Rs 1,500 target, citing strong growth potential, logistics expansion, and high cash flow. The brokerage highlighted ADSEZ’s Rs 800 billion capex plan and robust financials, expecting 11% CAGR in cargo volume by 2030. Key catalysts include logistics growth and port expansion.
Sri Lanka 'welcomes' investment opportunities from Adani, says official
Sri Lanka welcomes investment from India's Adani Group and remains firm on negotiating the purchasing costs of power from proposed wind projects. This stance comes despite the group's involvement in legal issues in the U.S. over alleged bribery to secure solar power deals in India. Adani Group denies any wrongdoing.
India’s solar sector faces a reality check amid Gautam Adani’s US legal storm
President Donald Trump's suspension of the Foreign Corrupt Practices Act could impact allegations against Indian tycoon Gautam Adani regarding a solar project bribery scheme. This highlights vulnerabilities in India's solar sector, struggling with financial instability and delays in transitioning to renewable energy.
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Fitch assigns Negative Outlook to Adani Energy, cites US probe risks
Fitch Ratings removed Adani Energy Solutions from its 'Ratings Watch Negative' list but assigned a Negative Outlook due to ongoing US investigations. These probes could uncover governance weaknesses affecting the company’s credit profile and future funding capacity, potentially impacting its capital expenditure plans.
Fitch assigns negative outlook to Adani Energy on US probe risks
Fitch has downgraded the outlook for Adani Energy Solutions (AESL) to negative due to concerns over ongoing US investigations that might reveal governance weaknesses and affect financial stability. The outcome of the probe could impact AESL's credit profile and future access to capital markets.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 85.96 points up at 22638.45
Stocks to buy today: DLF, Adani Ports among top 9 trading ideas for 10 March 2025
Indian markets are expected to trade lower on Monday due to mixed global cues. Nifty formed a bullish candle, indicating short-term recovery. It must stay above 22,450 for gains. Stocks recommended for traders with short-term horizon include Adani Ports, DLF, SRF, Bajaj Auto, Manappuram Finance, Berger Paints, Axis Bank, Godrej CP.
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex was up 236.96 points at 74569.54
"India zeals the deal": Gautam Adani congratulates Team India's historic Champions Trophy win
Team India's dominant performance secured their third ICC Champions Trophy title by defeating New Zealand in Dubai. With commendable contributions from players like Rohit Sharma, Shreyas Iyer, KL Rahul, Varun Chakravarthy, and Kuldeep Yadav, India showcased their all-round capabilities, creating a proud and historic moment for the nation.
Aaditya Thackeray accuses BJP govt of undermining Mumbai's economic importance
Aaditya Thackeray has accused the BJP of undermining Mumbai's economic significance by relocating projects to Gujarat and Delhi. He has demanded that Mumbai receive subsidies and incentives similar to Gujarat's GIFT City. Thackeray also criticized delays in infrastructure projects and deterioration of healthcare services in Mumbai.
SC declines to halt Dharavi Redevelopment Project
The Supreme Court has refused to halt the Dharavi Redevelopment Project. The project, given to Adani Group, is under scrutiny after Seclink Technology Corporation challenged the decision. STC is willing to increase its bid by 20% to Rs 8,640 crore. The court noted that the matter is sub judice, and Adani must maintain separate financials.
Dharavi redevelopment project to go on as SC refuses status quo
The Supreme Court has allowed the Dharavi redevelopment project to proceed, rejecting Seclink Technologies Corporation's plea against the Maharashtra government and Adani Properties. The Bombay High Court previously upheld the tender awarded to Adani Group for Rs 5,069 crore. Despite Seclink's higher 2018 bid, the tender was reissued in 2022 with new conditions.
SC refuses stay on Adani's Dharavi slum redevelopment project as challenged by Dubai's Seclink
The Supreme Court of India ruled against a stay on the Dharavi redevelopment project awarded to the Adani Group, despite a challenge by Seclink Technologies Corp. The court requested Seclink's confirmation that its bid was higher, but emphasized adherence to all agreed obligations. The project aims to transform 296 acres of Dharavi, a densely populated area.
Dubai-based IHC’s arm sells stake in Adani Enterprises
The stake has been acquired by Envestcom Holding RSC. Envestcom holds stakes in other Adani companies such as Adani Energy Solutions and Adani Total Gas. As of December 2024, Envestcom Holding held 55,200,000 shares in Adani Energy Solutions, representing a 4.60% stake and 54,593,600 shares in Adani Total Gas, representing a 4.964% in the company.
Adani Welspun Mumbai Offshore gas block to start Output from 2028
Adani Welspun Exploration Ltd will start gas production from its Tapti-Daman sector block in the Mumbai Offshore basin by 2028. The joint venture, comprising Adani Group and Welspun Group, has invested around ₹2,300 crore and is awaiting approval for its gas extraction plans from the Directorate General of Hydrocarbons.
HC permits Adani Group firm to cut mangroves for jetty project
The Bombay High Court permits Adani Cementation Limited to cut 158 mangrove trees for a jetty project in Maharashtra's Raigad district, emphasizing adherence to regulatory conditions. The project aims to balance commercial interests with environmental conservation, reducing carbon emissions and road congestion by shifting freight transport to waterways.
IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore
Abu Dhabi-based IHC Capital Holding on Wednesday sold more than 84 lakh shares of Adani Enterprises for Rs 1,832 crore through open market transactions.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 254.65 points up at 22337.3
Adani's $2.1 bn Navi Mumbai Airport draws IndiGo, SpiceJet
India's low-cost carriers, including IndiGo, Air India Express, SpiceJet, and Akasa, plan to shift operations to Navi Mumbai Airport, targeting a May opening. However, challenges persist due to the lack of high-speed transportation links between the new and existing airports in Mumbai.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 196.1 points up at 22278.75
Stocks in news: Adani Wilmar, Ola Electric, Ambuja Cements, Power Grid, JSW Energy
Indian oil explorer Oil and Natural Gas Corp said its unit acquired clean energy firm PTC Energy for Rs 925 crore ($106.02 million) as the company looks to ramp up its green energy portfolio.
Adani Wilmar to acquire GD Foods Manufacturing at Rs 603 crore
Adani Wilmar Ltd has signed an agreement to acquire GD Foods Manufacturing, known for its Tops brand. The acquisition will occur in stages, with 80% of shares acquired initially and the remaining 20% over three years. GD Foods achieved a revenue of Rs 386 crore in FY24, expanding Adani Wilmar's portfolio with high-quality food products catering to North India.
High-flyers of Wall Street circle over Adani airports : Blackrock, Citadel in talks with Gautam Adani for $750 mn debt
BlackRock and Citadel are in discussions to acquire $750 million of Adani Group's debt for refinancing purposes. Meanwhile, Apollo Global Management is expected to maintain a portion of its existing exposure. Despite Citadel's denial, negotiations with BlackRock and other potential investors continue.
Adani Green refinances $1 billion loan for hybrid project in Rajasthan
India's Power Finance Corporation refinanced a $1.06 billion construction-linked loan for Adani Green, marking its largest deal in renewables. The lender offerd a 19-year fixed rate loan amid Adani's offshore fundraising issues due to a US Department of Justice probe, while reinforcing its green investment commitment.
Adani Green raises $1.06 bn for debt refinance
Adani Green has raised $1.06 billion to refinance a 2021 debt facility for a renewable energy project in Rajasthan. The company did not specify whether the funds were raised through a loan or dollar bonds.
Adani eyes $12.5 billion equity to partially fund Rs 5 lakh crore capex
The Adani Group raised $13.8 billion in equity between 2019 and 2024, among the highest such exercises by an Indian conglomerate after Reliance Industries. The money had been raised by Adani Enterprises, Adani Green Energy, Adani Energy Solutions and Adani Total Gas.
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