Addressing the Annual General Meeting of Adani Enterprises on Monday, Chairman Adani Group, Gautam Adani said that despite a challenging year Adani Group of companies have performed exceptionally well.
Adani Group, whose market capitalisation was badly hit by a US-based short seller report in early 2023, has recovered from the losses and the Indian conglomerate is back on an "expansion spree".
The consistent rise in the group's market capitalisation over the past year shows that despite allegations, investors have reposed faith in the Adani group companies.
Sensex gained 178.02 points, opening at 74,064.96, while Nifty rose by 49.35 points, starting the day at 22,523.30. Among the Nifty companies, 31 advanced while 19 declined in the opening session. Leading the gains were Britannia, Kotak Bank, JSW Steel, Maruti, and TCS, whereas Titan, SBI
In the fourth quarter of FY24, the EBIDTA stood at Rs 3,646 crore, while the PBT stood at Rs 1,322 crore. Despite a slight decrease in EBIDTA from the previous year's fourth quarter, the company's performance remained strong, with significant increases in other areas.
AdaniConneX, a 50:50 joint venture between Adani Enterprises and EdgeConneX, has established India's largest sustainability linked financing to raise up to USD 1.44 billion.
Speaking to ANI on the the newly inaugurated Ammunition Manufacturing Complex of Adani Group in Kanpur, Jeet Adani said, "The plans for Adani defence and aerospace is to actually be a key partner to the Indian armed forces and to create platforms and create the products to either create more
Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai recorded a remarkable 35 per cent surge and highest ever in passenger traffic in 2023 compared to the preceding year.
Sirius JV emerges as a key player in the digitalization of India's economy, capitalizing on Sirius's global digital transformation expertise and Adani's strategic insights. The venture is set to lead the USD 175 billion digital transformation opportunity, which is projected to evolve into a
Adani Group flagship firm Adani Enterprises on Thursday reported that its earnings before interest, taxes, depreciation, and amortization (EBIDTA) increased by 43 per cent to Rs. 5,874 crores during the April-September quarter of 2023-24.
Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd, on Thursday announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives
Investors welcomed the week with optimism as economic indicators and global cues favoured a bullish start to the trading day, ahead of Jio Financial Services’ listing on stock exchanges.