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).
According to reports, Adani Green Energy is discussing the planned transaction with a group of foreign banks including a US firm.
Adani Group’s seven out of 10 stocks are still trading below the levels seen a year ago exactly one year since the release of a scathing report by short seller Hindenburg Research.
The group is also building a new airport for Mumbai, and redeveloping the city’s sprawling Dharavi slum.
Faith of India’s retail investors remained intact in Adani Group's stocks even a year after Hindenburg Research’s scathing report last January.
The apex court said the Centre and SEBI would look into whether Hindenburg Research violated any law on short-selling.
