Tag: Adani

Adani wins NTPC’s coal supply tender as Narendra Modi government acts to avoid energy crisis

Rajesh Kumar Singh  NEW DELHI: Adani Enterprises Ltd. has won a contract to supply overseas coal to India’s top electricity generator as the nation aims to avoid a repeat of last year’s energy crisis, according to people familiar with the matter. Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to […]

Can improve DHFL offer, forfeit deposit of those against recoveries: Adani

NEW DELHI: Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the […]

French giant Amundi threatens to divest SBI bonds over Adani coal mine loan

NEW DELHI: One of the State Bank of India (SBI)’s investors, French giant Amundi has announced that it would sell off its SBI green bonds if the bank grants a Rs 5,000 crore loan to Adanis Carmichael coal mine in Australia. Amundi holds 37 per cent stake in SBI Mutual Fund in the venture with […]

Adani completes Rs 1,300 crore acquisition of Alipurduar Transmission

NEW DELHI: Private sector transmission entity Adani Transmission Ltd. (ATL) has acquired Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) for an enterprise value of Rs 1,300 crore. The acquisition involves ATL picking up 49 per cent stake in Alipurduar Transmission initially. The balance 51 per cent stake will be acquired after obtaining requisite […]

Opposition parties criticise privatisation of airports in India

NEW DELHI: Some opposition members in Rajya Sabha on Tuesday accused the government of privatising airports in the name of development and also centralising powers in its hands. Participating in the discussion on ‘The Aircraft (Amendment) Bill, 2020’ that seeks to improve India’s aviation safety ratings and provide statutory status to regulatory institutions, including the […]

Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport

NEW DELHI: The Zurich Airport International AG was on Friday selected as the concessionaire for developing the Jewar airport, billed to be the biggest airport in India upon completion, officials said. The Switzerland-headquartered company made the highest per passenger bid for the airport, outbidding competitors like Delhi International Airport Limited, Adani Enterprises, and Anchorage Infrastructure […]

Congress accuses Modi government of favouring Adani in coal import case

NEW DELHI:Accusing the Narendra Modi government of promoting crony capitalism, the Congress on Monday asked it to come clean by appointing a special counsel in the Bombay High Court in a case of alleged over-invoicing of coal imports by industrialist Gautam Adani-led group. Congress spokesperson Jairam Ramesh also alleged that the Gujarat government has accepted […]

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