Criticising the Congress for taking a hypocritical stand over Adani Group BRS working president KT Rama Rao today alleged that the Rs 100 crore worth donation from industrialist Gautam Adani towards setting up a skill university in Telangana, was actually a pay-off ahead of the public hearing for the Ambuja Cement plant coming up at Nalgonda.
Adani Enterprises Ltd (AEL), the flagship company of the diversified Adani Group, on Tuesday, reported an impressive 6.6 times net profit growth at Rs 1,741 crore in the second quarter this fiscal (Q2 FY25), from Rs 228 crore in the year-ago period.
Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).
Adani Wilmar Ltd on Thursday reported its highest-ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).
Adani Energy Solutions Ltd (AESL) on Monday reported an increase in its project pipeline from Rs 17,000 crore in the first quarter of the current fiscal to Rs 27,300 crore in the second quarter (Q2 FY25).
The Adani Group’s Mr. Karan Adani informed an Investors’ Summit in Gwalior that the group would start a defence-manufacturing unit worth Rs 2,500 crore in Shivpuri, a cement grinding unit worth Rs 500 crore in Guna, and a jacket manufacturing unit at Badarwas.
This move is linked to a substantial loan facility amounting to Rs 12,770 crore sanctioned by the SBI for the greenfield airport project, according to a report by the Financial Express
The SEBI chief has already denied the allegations in the Hindenburg report as baseless.
In a stock exchange filing, the Group completely rejected these allegations “which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Honourable Supreme Court in January 2024”.
Her response, Hindenburg said, publically confirms her investment in the obscure Bermuda/Mauritius fund structure, alongside money allegedly siphoned by Vinod Adani, the brother of Adani Group boss Gautam Adani.
