Fitch has affirmed the ratings as the Adani Group has demonstrated adequate funding.
Chairman of the Adani Group, Gautam Adani, experienced the second-largest decline in wealth this year, as per the Bloomberg Billionaires Index. Adani is trailing only Tesla founder Elon Musk.
Adani Green Energy Ltd (AGEL) officially announced on Thursday that it has withdrawn from two planned wind power projects in Sri Lanka citing recent developments in project negotiations.
Adani Group Chairman Gautam Adani has tweeted on X, the launch of Adani Health City in partnership with the globally renowned Mayo Clinic, to enable world-class medical research, affordable healthcare and medical education at an investment of Rs 6000 crore.
Gautam Adani, the Chairman of the Adani Group, on Monday announced to launch Adani Health City (AHC) in partnership with US-based Mayo Clinic that aims to pioneer world-class medical research, affordable healthcare and education.
Adani Group has planned to invest Rs 20,000 crore in setting up a super critical thermal power plant in Bihar. The development comes amid its plans for expands its cement, food processing and logistics business in the state.
The short but incisive video narrates the story of Tamtu, a young boy from a village who along with his father has been spending nights in darkness, waiting for the electricity to knock on their doors.
Adani Group has sufficient liquidity and operational cash flows to meet its debt obligations and planned capital expenditures in the medium term, said CRISIL Ratings on Friday.
After the indictment by the US Securities and Exchange Commission (SEC), the rating agency Fitch has revised the outlook on four Adani group firms from “stable” to “negative”.
The Telangana government has refused Rs 100 crore donation from the Adani Foundation for the Young India Skills University following the recent fraud charges brought by the US against the billionaire.
