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.
According to the group, its investment plans aim to provide storage facilities for the coarse grains and horticulture produce in the state.
Gautam Adani, chairman of the Adani group, said on Wednesday that his company would invest over $100 billion, around Rs 835 crore, in the energy transition projects and manufacturing capability to produce every major component required for green energy generation.
Sources have strongly denied the recent allegations made by Mumbai North Central MP Varsha Gaikwad over the allotment of land for rehabilitation of Dharavi residents within Mumbai.
Ambuja Cements would acquire the 100 per cent stake from Hyderabad-based PCIL promoter group P. Pratap Reddy and family.
The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.
