The the Board of Directors at Adani Ports and Special Economic Zone Limited has appointed M S K A and Associates, an independent member firm of BDO International, as the statutory auditors of the company to fill the vacancy caused by the resignation of Deloitte Haskins and Sells LLP. The new auditor will hold office […]
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi and […]
Adani Group-owned company ACC’s net profits (profit after tax) more than doubled (rose 105 per cent) on a yearly basis during the April-June 2023 quarter at Rs 466 crore. In the same quarter last year, the net profits were Rs 227 crore. The company’s net revenue during the quarter rose 16 per cent to Rs […]
Adani Group’s copper-producing factory in Mundra, Gujarat is set to commence operations in March of 2024. This development is expected to reduce India’s reliance on imported copper and support the country’s transition towards clean energy. Copper plays a vital role in electrification as it is extensively used in various technologies crucial for the energy transition, […]
Adani Power has posted a consolidated net profit (profit after tax) of Rs 5,242 crore for the January-March 2023 quarter, an increase of 12.9 per cent, the company statement said. In the same quarter of 2022, the company’s net profits were Rs 4,645 crore. For the entire financial year 2022-23, consolidated Profit After Tax was […]
Following the start of the Adani group company’s planned USD 130 million bond buyback, shares of Adani Ports and Special Economic Zone (Adani Ports) dominated trading on Monday. The company, which is led by Gautam Adani, intends to partially prepay near-term debt maturities in order to ease market concerns regarding the company’s cash condition. Adani Ports […]
Amid challenges faced by the Adani Group and political heat over “regulatory failure” in dealing with the alleged contravention of laws pertaining to securities market, Adani Airports Chief Executive Officer Arun Bansal has said that the company is committed to its investments and plans submitted to the government. “We are committed and we have submitted […]
