Articles tagged under: Adani

Comparative Analysis of Adani Power and Tata Power Shares

August 29, 2024
Comparative Analysis of Adani Power and Tata Power Shares

The Indian power sector, in terms of the installed base, is assumed to rise from 418 gigawatts (GW) as of May 2023 to 692 gigawatts by 2028, accomplishing a compounded annual growth rate of 10.6%. Supported by government policies, an increase in electrical demands is expected to lead to this growth. Along with it, the electricity bill 2022 will act as a catalyst and proof to be a game changer. The amendment of this bill will allow revision in tariffs over a year. The Indian power sector, a...Read More

Adani executing Aerocity City Side Development Project near Ahmedabad Airport

July 31, 2024
Adani executing Aerocity City Side Development Project near Ahmedabad Airport

Ahmedabad: Adani Airport Holdings Limited (AAHL) is developing a City Side Development Project in Hansol, Sardarnagar, in Ahmedabad. The project will cover a site area of 15.16 acres (61,349.83 m²) and is set to feature a mixed-use development with a total built-up area of 2,43,590 m². Sardar Vallabhai Patel International (SVPI) Airport is adjacent to the project site in the southeast direction. The City Side Development Project will include various amenities, such as retail space comprisin...Read More

Adani, Torrent in talks to acquire majority stake of IPL team Gujarat Titans: Report

July 19, 2024
Adani, Torrent in talks to acquire majority stake of IPL team Gujarat Titans: Report

Ahmedabad: If the reports are to be believed, two Gujarat-based business groups, Adani and Torrent, are in talks with Luxembourg-based CVC Capital Partners to acquire the majority stake in the IPL's Gujarat Titans team. According to a report by the Economic Times, CVC is open to selling a majority stake while keeping a minority interest. This development comes as the Board of Control for Cricket in India's (BCCI's) lock-in period preventing new teams from selling stakes will end in February 2...Read More

GDMA to not use Adani Gas PNG for 3 days; Cites losses from high prices

April 09, 2024
GDMA to not use Adani Gas PNG for 3 days; Cites losses from high prices

Ahmedabad: Citing losses of approximately Rs. 400 crores due to the high prices of PNG supplied by Adani Total Gas Ltd (ATGL), the Gujarat Dyestuff Manufacturers Association (GDMA) will boycott the use of Adani's PNG for three days starting from April 10th. GDMA, which comprises 350 members in the city, alleges that ATGL has failed to pass on the benefits of the decrease in international gas prices to industries. According to GDMA, despite a significant 50% drop in international gas prices ov...Read More

Adani’s copper unit in Mundra begins operations

March 28, 2024
Adani’s copper unit in Mundra begins operations

Bhuj: Kutch Copper, a subsidiary of Adani Enterprises Limited, commissioned the first unit of its greenfield copper refinery project at Mundra on Thursday by dispatching the maiden batch of cathodes to customers. This marks the Adani Portfolio’s debut in the metal industry. Adani Enterprises said it is investing nearly $1.2 billion to set up a copper smelter with 0.5 MTPA capacity in the first phase. On completion of the second phase that will add similar capacity, Kutch Copper, with 1 MTP...Read More

Adani announces start of power supply to national grid from Khavda Renewable Energy park

February 14, 2024
Adani announces start of power supply to national grid from Khavda Renewable Energy park

Bhuj: Adani Green Energy Limited (AGEL), today in a note made announcement that it has operationalized 551 MW solar capacity in Khavda, Gujarat, by supplying power to the national grid. AGEL said it has achieved this within 12 months of commencing work on the Khavda RE park, starting with the development of basic infrastructure, including roads and connectivity, and creating a self-sustaining social ecosystem. AGEL said it also transformed the barren terrain of the Rann of Kutch into a habit...Read More

Adani to invest Rs. 2 lakh crore in Gujarat in next 5 years: Gautam Adani

January 10, 2024
Adani to invest Rs. 2 lakh crore in Gujarat in next 5 years: Gautam Adani

Gandhinagar: Adani group will invest Rs. 2 lakh crore in next five years in Gujarat, said Gautam Adani while speaking here at the Vibrant Gujarat global summit. He said this will create 1 lakh direct and indirect jobs. Adani spoke about a 30 GW green energy park spread across 725 sq km in Khawda for which works are ongoing. He said this is the world's largest green energy park which could be visible from space. He said Adani is expanding green supply chain including solar panels, wind turbines...Read More

Adani shares pictures of ongoing works at proposed 30 GW renewable energy park at Khavda in Kutch

December 07, 2023
Adani shares pictures of ongoing works at proposed 30 GW renewable energy park at Khavda in Kutch

Bhuj: Adani Group Chairman Gautam Adani today shared pictures of the ongoing erection of solar panels at the Khavda (Kutch) based hybrid renewable park. The upcoming park in Rann of Kutch is going to be the largest hybrid renewables park (wind solar park) in the world. During his annual general meeting (AGM) speech earlier this year, Gautam Adani said that the conglomerate plans to build the largest hybrid renewables park in the world in Gujarat’s Khavda faster than any of their projects be...Read More

ATGL expects to commission Green Hydrogen blending with gas for Ahmedabad customers by mid 2024

November 28, 2023
ATGL expects to commission Green Hydrogen blending with gas for Ahmedabad customers by mid 2024

Gandhinagar: Adani Total Gas Ltd. (ATGL), an energy and city gas distribution company, co-promoted by Adani Group and TotalEnergies, today announced the initiation of a ‘Green Hydrogen Blending Pilot Project’ by employing the latest technologies to blend Green Hydrogen (GH2) with natural gas for over 4,000 residential and commercial customers at Ahmedabad, Gujarat. GH2 is produced using electrolysis of water with electricity generated by renewable energy. Hydrogen blending is less carbon...Read More

Sharad Pawar meets Gautam Adani in Gujarat

September 23, 2023
Sharad Pawar meets Gautam Adani in Gujarat

Gandhinagar: Former Maharashtra Chief Minister and founder of Nationalist Congress Party (NCP) Sharad Pawar held a meeting with a politically controversial business tycoon Gautam Adani in Ahmedabad for over an hour. According to a news agency report, Pawar visited Adani at the latter's residence and office (headquarters of Adani Group) in Ahmedabad. This is not the first visit of Pawar to Adani whose company is headquartered in Ahmedabad. Pawar had visited Adani earlier too in Ahmedabad. At leas...Read More