Adani Green Energy: Gautam Adani announced plans to construct the world’s largest renewable energy plant in Khavda, aiming for 45,000 MW by 2030. With an operational portfolio of 10,934 megawatt (MW), energy company Adani Green Energy has surpassed 10,000 MW of renewable energy to become the first in the nation. The first “das hazari” in…
The promoters of Ambuja Cements, the Adani family, announced on Thursday that they would be investing Rs 6,661 crore, which would increase their stake by 3.6% to acquire a 66.7 percent ownership in the nation’s second-largest cement company. According to a statement from the billionaire Gautam Adani-owned Ambuja Cements, the fund’s infusion will be crucial…
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Adani Green Energy Gallery: Today marked the opening of the ‘Adani Green Energy Gallery’ at the Science Museum in London. The book “Energy Revolution: The Adani Green Energy Gallery” examines ways to increase the sustainability of energy production and use worldwide. According to a company statement, the gallery explores how human imagination and innovation shape…
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Adani shares: A Bloomberg report on Monday suggested that the US government may have broadened the scope of its investigation, which resulted in a 2-4% decrease in the value of Adani Group companies’ shares. Adani Ports and Special Economic Zone saw a decrease of more than 3% to Rs 1,227.25, while Adani Enterprises, the group’s…
Read More “Adani shares drop 2–4% as news of the US’s expanding bribery probe spreads” »
The holding company of the cement companies in the Adani Group, Adani Cements, projects that by FY27, sales from its two cement companies, ACC and Ambuja Cements, will have more than doubled to Rs 85,000 crore, and Ebitda per tonne will have increased to roughly Rs 1,500 crore. Additionally, by FY28, the two companies plan…
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