Moody's Ratings has upgraded the outlook of Adani Ports and SEZ, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited, and reaffirmed the ratings.
The firm's revenue from operations went up 17 per cent to Rs 3,031 crore, against Rs 2,582 crore in the year-ago period, according to a statement shared with exchanges on Monday evening.
Along with the repayments done earlier in the month of February, the conglomerate said Adani has prepaid USD 2,016 million of share-backed financing, which is consistent with promoters' commitment to prepay all share-backed financing before March 31, 2023, according to a statement from Adani
Adani Group firms such as Adani Enterprises, Adani Green, Adani Transmission, Adani Wilmar, Adani Ports and Adani Power made gains during Friday's session. After opening at 17,451.25, the Nifty extended gains during the day and settled near the 17,600 level.
GQG reportedly took a 3.4 per cent stake in Adani Enterprises for around 662 million, 4.1 per cent in Adani Ports for USD 640 million, 2.5 per cent in Adani Transmission for USD 230 million, and a 3.5 per cent stake in Adani Green Energy for USD 340 million.
The outlook is stable, the statement from Fitch said. The restricted group includes six co-issuers -- Barmer Power Transmission Service Limited, Chhattisgarh-WR Transmission Limited, Hadoti Power Transmission Service Limited, Raipur-Rajnandgaon-Warora Transmission Limited, Sipat Transmission
The Adani group company's profit after tax rose 73 per cent on a yearly basis to Rs 478 crore during the December quarter. In the same quarter of 2021, the profits were Rs 277 crore.
The group entities made scheduled coupon payments on outstanding US dollar-denominated bonds on Thursday, according to Reuters' source with direct knowledge of the conglomerate's strategy.
Adani Enterprises' shares were trading in the green as the market opened on Tuesday while other group firms such Adani Wilmar, Adani Transmission and Adani Total Gas were trading in the negative territory in the morning.
New Delhi [India], September 15 (ANI/Mediawire): In the aftermath of the COVID-19 pandemic, it has become more important than ever to strengthen the resilience of corporate supply chains. Globally, there is a need to diversify supply chains in the medium-to-long term and identify the opportu