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.
The Adani Group on Monday vehemently denied fraudulent press releases being circulated, which are related to the conglomerate’s presence in Kenya, adding that it will take legal action against anyone involved in spreading false narratives.
Leading integrated business conglomerate Adani Group on Friday said it has been featured in TIME magazine’s prestigious ‘World’s Best Companies of 2024’ list.
The Adani Group on Thursday unequivocally rejected and denied baseless allegations regarding claims by US short-seller Hindenburg Research that Swiss authorities have frozen its funds.
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
