Tag: Adani

Rajasthan government hasn’t given any preferential treatment to Adani: Rahul Gandhi

TURUVEKERE: A day after Gautam Adani pledged huge investments in Rajasthan, Rahul Gandhi said on Saturday the Congress government in the state has not given any preferential treatment to the industrialist and asserted that he is not against corporates but monopolies. Addressing a press conference here, Gandhi also said if the Rajasthan government gives business […]

Adani becomes India’s second-largest cement player after Ambuja, ACC deal

NEW DELHI: The Adani Family, through Endeavour Trade and Investment Ltd (“BidCo”), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The value of […]

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 […]

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