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Latest news about Adani Enterprises

Adani Enterprises Forms Strategic Partnership with MetTube, Reshaping Copper Tube Industry 1 day ago

Adani Enterprises Limited (AEL) has partnered with MetTube Mauritius Private Limited to boost India's copper tube production. AEL is divesting 50% stake in Kutch Copper Tubes Limited to MetTube and acquiring 50% stake in MetTube Copper India Private Limited. This collaboration aims to reduce India's dependence on imported copper tubes, support green infrastructure goals, and cater to growing HVAC industry demands. The partnership leverages Adani's infrastructure and MetTube's global expertise, with both companies having equal ownership and governance rights in the joint ventures.

Mutual Funds Boost Adani Holdings as Foreign Investors Retreat 2 days ago

Mutual Funds Boost Adani Holdings as Foreign Investors Retreat; Adani Ports Gains Analyst Attention 2 days ago

Mumbai International Airport Soars to 9th Place in Global Rankings 3 days ago

Adani Group Unveils Massive Rs 96,000 Crore Investment Plan for Airport Business 5 days ago

More news about Adani Enterprises

18Jul 25

Adani Group Exits AWL Agri Business, Sells Remaining 10.42% Stake for Rs 3,732 Crore

Adani Enterprises has sold its remaining 10.42% stake in AWL Agri Business for Rs 3,732 crore through open market transactions. The sale, executed by subsidiary Adani Commodities LLP, involved 13.54 crore equity shares at an average price of Rs 275.50 per share. Dubai-based Shajaeatan Investment FZCO was the largest buyer, acquiring an 8.52% stake. This marks Adani Group's complete exit from AWL Agri Business, having previously sold a 20% stake to Wilmar International Singapore and a 13.51% stake in January. The divestment signifies Adani Group's shift away from the FMCG business to focus on core infrastructure operations.

18Jul 25

Adani Enterprises: Complete Exit from Adani Wilmar in ₹15,729 Crore Deal

Adani Enterprises has completed its exit from AWL Agri Business Limited through transactions totaling ₹15,729 crores. The exit involves a two-phase stake sale: selling 11-20% to Wilmar International's subsidiary at ₹275 per share, and the remaining 10.42% to pre-identified investors. This move ends Adani Enterprises' association with AWL Agri Business and aligns with the group's focus on core infrastructure and energy sectors.

17Jul 25

Adani Enterprises to Divest Entire Stake in AWL to Wilmar for ₹10,874 Crore, Sells Initial 20% Stake

Adani Enterprises Limited (AEL) has signed an agreement to sell its entire stake in AWL Agri Business Limited to Wilmar International's subsidiary, Lence Pte. Ltd. The deal involves selling 11-20% of AWL's shares at ₹275 per share, valuing the transaction at up to ₹10,874 crore. Adani Group has already sold a 20% stake for ₹7,150 crore, making Wilmar the majority shareholder with 64% ownership. The total realization for Adani Commodities LLP is expected to be ₹15,729 crore, including previous sales. This move marks Adani's complete exit from AWL and the FMCG business.

11Jul 25

Adani Enterprises Secures Approval for Navi Mumbai Airport Passenger Charges

Adani Enterprises has received approval for passenger charges at the upcoming Navi Mumbai International Airport. The fee structure includes ₹840 for domestic departures, ₹360 for domestic arrivals, ₹1,500 for international departures, and ₹750 for international arrivals. This approval is a crucial step in the airport's development, providing a clear revenue model for its operations. The implementation of these charges will directly impact air travelers using the facility and is vital for the airport's financial planning and operational strategy.

10Jul 25

Adani Enterprises Announces ₹10 Billion Bond Sale Plan

Adani Enterprises plans to conclude a bond sale of up to ₹10 billion (approximately $121.00 million) by July 11. This strategic financial move could impact the company's capital structure, enhance liquidity, and influence market perception of its creditworthiness and financial stability.

10Jul 25

Adani Enterprises' NCD Issue Oversubscribed 3x on Day One

Adani Enterprises' ₹500-crore non-convertible debenture (NCD) issue was oversubscribed three times on its opening day. The issue has a green shoe option for an additional ₹500 crore, potentially allowing the company to raise up to ₹1,000 crore. The NCDs offer yields up to 9.30% with a maximum tenor of 60 months. At least 75% of the proceeds are designated for debt repayment. The strong investor response indicates confidence in Adani Enterprises and may stimulate further activity in India's corporate bond market.

09Jul 25

Adani Enterprises' Bond Issue Oversubscribed on Day One

Adani Enterprises' public bond issue to raise 10 billion rupees ($116.70 million) was oversubscribed on its first day, receiving bids worth 15 billion rupees. The bonds offer annual coupon rates between 8.95% and 9.30% for tenures of 2, 3, and 5 years. Due to high demand, the company has moved the closing date forward to Friday from the original July 22 date.

07Jul 25

Adani Enterprises Announces Rs 1,000 Crore NCD Issue with Attractive Yield

Adani Enterprises plans to issue non-convertible debentures (NCDs) to raise Rs 1,000 crore. The NCDs, offering up to 9.30% yield with a 60-month tenor, will be available from July 9 to July 22. Rated 'AA-' with a stable outlook by ICRA and CARE, the funds will be used for debt repayment (75%) and general corporate purposes (25%). This move aims to optimize the company's debt structure and fund corporate initiatives.

06Jul 25

Adani Enterprises Launches Rs 1,000 Crore NCD Issue with Attractive Interest Rates

Adani Enterprises is issuing Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, with a base size of Rs 500 crore and a greenshoe option for an additional Rs 500 crore. The NCDs offer interest rates up to 9.30% and come in tenors of 24, 36, and 60 months. The issue opens on Wednesday and closes on July 22, with allotment on a first-come-first-served basis.

02Jul 25

Adani Enterprises Expands into MRO Sector with Air Works Acquisition

Adani Enterprises' subsidiary, Adani Defence Systems and Technologies Limited, has acquired an 85.1% stake in Air Works India for Rs 400.00 crore. Air Works, India's largest privately-owned MRO company, reported a revenue of Rs 356.00 crore in FY24. This acquisition marks Adani Group's entry into the aircraft maintenance, repair, and overhaul (MRO) sector, diversifying its portfolio and strengthening its presence in the growing Indian aviation industry.

01Jul 25

Adani Defence Secures Majority Stake in Air Works India for ₹400 Crore

Adani Defence, a subsidiary of Adani Enterprises, has acquired an 85.10% stake in Air Works India for ₹400.00 crore. This acquisition marks Adani Group's entry into the aviation services sector, potentially expanding its portfolio in the aerospace and defense industries. The move could lead to synergies between Adani Enterprises' existing businesses and Air Works India's expertise in aviation services.

01Jul 25

Adani Enterprises to Raise Up to ₹10 Billion Through Retail Bond Sale

Adani Enterprises plans to raise up to ₹10.00 billion ($116.77 million) through a retail bond sale from July 9th to July 22nd. The offering includes 2, 3, and 5-year bonds with annual coupons ranging from 8.95% to 9.30%, which are 30-60 basis points lower than their previous retail bond sale. This marks the company's second retail bond sale within a year.

28Jun 25

SEC Informs US Court: Summons for Adani Executives Not Yet Served

The Securities and Exchange Commission (SEC) has notified a US court that summons for Gautam Adani and Sagar Adani, key executives of the Adani Group, have not been served yet. This development is part of an ongoing legal process involving the Adani Group, which could potentially impact Adani Ports and Special Economic Zone Limited (ISIN: INE423A01024). The involvement of the SEC highlights the international scrutiny faced by the conglomerate.

27Jun 25

AdaniConneX Acquires Granthik Realtors for Rs 85.99 Crore

AdaniConneX, a joint venture of Adani Enterprises, has acquired Granthik Realtors Private Ltd for Rs 85.99 crore in a cash transaction. The acquisition includes 100% equity stake and provides AdaniConneX with valuable land and licenses for potential data center projects. This move aligns with Adani Group's strategy to expand its data center business and strengthen its position in India's digital infrastructure market.

25Jun 25

Adani Enterprises: Public Issue of NCDs to Raise Up to ₹1,000 Crore

Adani Enterprises has approved a public issue of Non-Convertible Debentures (NCDs) to raise up to ₹1,000 crore. The offering includes a base size of ₹500 crore with a green shoe option of an additional ₹500 crore. Each NCD will have a face value of ₹1,000. The company recently reported a Q4 net profit of ₹3,845.00 crore, including a ₹3,286.00 crore gain from the Wilmar stake sale.

24Jun 25

Adani Enterprises' Airport Unit Secures $1 Billion in International Funding

Adani Enterprises' airport division has raised $1 billion from international investors. The funding is intended for airport-related business activities, potentially supporting expansion of the airport portfolio, infrastructure upgrades, and technological advancements. This investment underscores growing confidence in Adani's airport management capabilities and positions the company for significant growth in India's aviation sector.

24Jun 25

Adani Enterprises: Navi Mumbai Airport Set to Launch Operations This Year

Adani Enterprises is set to launch the Navi Mumbai Airport later this year, as announced by the Adani Group Chairman. The airport, aimed at reducing air traffic congestion in the Mumbai metropolitan area, is expected to enhance connectivity and potentially boost trade and tourism. While the specific launch date remains undisclosed, the project's completion represents a significant milestone for Adani Enterprises in the infrastructure and aviation sectors.

24Jun 25

Adani Group Unaffected by US DOJ Charges, Gautam Adani Confirms

Gautam Adani, chairman of Adani Enterprises, has stated that no member of the Adani Group has been charged by the United States Department of Justice. This statement addresses ongoing legal concerns surrounding the conglomerate and aims to provide clarity on the group's legal standing with US authorities.

24Jun 25

Adani Enterprises AGM: Gautam Adani to Address Shareholders, Key Announcements Expected

Adani Enterprises is preparing for its Annual General Meeting (AGM), where Chairman Gautam Adani will address shareholders. The live event is anticipated to include important announcements about the company's future strategies, ongoing projects, and responses to recent market challenges. Shareholders and market analysts are eagerly awaiting updates on expansion plans, potential new ventures, and financial projections. The AGM's outcomes could significantly impact Adani Enterprises' stock performance and overall investor sentiment towards the Adani Group.

24Jun 25

Adani Airports Secures $1 Billion Financing for Mumbai International Airport

Adani Enterprises Airports Holdings Ltd. has secured $1 billion in financing for Mumbai International Airport Ltd. (MIAL). The package includes $750 million in notes maturing in 2029 and $250 million in additional funding. The investment-grade rated private bond issuance will be used to refinance existing debt and fund capital expenditure for MIAL's development and modernization. This move highlights MIAL's strategic importance in Adani Airports' portfolio and signals plans for upgrading facilities, improving infrastructure, and enhancing technological capabilities.

23Jun 25

Adani Enterprises Subsidiary Launches India's First Off-Grid Green Hydrogen Plant

Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises Ltd, has commissioned India's first off-grid 5 MW green hydrogen pilot plant in Kutch, Gujarat. The facility operates entirely off-grid, powered by solar energy with battery storage. This milestone project aligns with India's National Green Hydrogen Mission and serves as a proof of concept for ANIL's planned Green Hydrogen Hub in Mundra. The successful implementation demonstrates the potential for independent, sustainable energy production and positions Adani Enterprises at the forefront of India's transition to cleaner energy sources.

23Jun 25

Adani Enterprises Pioneers Green Energy with India's First Off-Grid Hydrogen Plant

Adani Enterprises has launched India's first off-grid green hydrogen pilot plant with a capacity of 5.00 MW. This initiative marks a significant step towards sustainable energy production in India. Green hydrogen, produced using renewable energy sources, has potential applications in transportation, manufacturing, and power generation. The pilot plant's success could lead to larger-scale projects and influence India's future energy policies and investments in the sustainable energy sector.

14Jun 25

Adani Enterprises Expands into Defense Sector with New Subsidiary

Adani Enterprises has formed a new wholly owned subsidiary, Astraan Defence Limited, to target opportunities in the defense sector. This strategic move aims to diversify the company's portfolio and capitalize on India's growing defense market. The new subsidiary aligns with India's push for self-reliance in defense manufacturing and could open up new revenue streams for Adani Enterprises. Specific details about Astraan Defence Limited's operations and targets are yet to be disclosed.

12Jun 25

Adani Enterprises: Last Chance for Rs 1.30 Dividend and Airport Unit IPO Plans

Adani Enterprises has announced a final dividend of Rs 1.30 per share for the fiscal year, with a record date of June 13 and payment date on or after June 30. The total payout is approximately Rs 150.00 crore. Additionally, the Adani Group plans to list its airports unit, Adani Airport Holdings Ltd., by March 2027. The group aims to invest $100 billion across its businesses in the coming years, with $30 billion expected to be borrowed from markets.

04Jun 25

Adani Enterprises Nears Launch of Navi Mumbai International Airport

Adani Enterprises is set to launch the Navi Mumbai International Airport, designed with an initial capacity of 20 million passengers annually. The project includes plans for phased expansion, potentially increasing capacity to 90 million passengers per year. This new airport aims to address growing air travel demands in the Mumbai metropolitan area and alleviate pressure on the existing Chhatrapati Shivaji Maharaj International Airport.

04Jun 25

Adani Airports Secures $750 Million for Expansion and Refinancing

Adani Enterprises has secured $750 million through external commercial borrowings (ECB) from international banks for its airports division. $400 million will refinance existing debt, while the remainder will fund infrastructure upgrades and capacity expansion across six airports. Adani Airports aims to triple its passenger capacity to 300 million annually by 2040.

03Jun 25

Adani Group Eyes Ground Handling Services at Mumbai and Ahmedabad Airports

Adani Airport Holdings Ltd., a subsidiary of the Adani Group, is evaluating bids for ground handling services at Mumbai and Ahmedabad airports following the exit of Turkish operator Celebi Hava Servisi AS. This move aligns with Adani Group's strategy to expand its aviation sector operations. If successful, it would enhance Adani's role in crucial airport operations including baggage handling, aircraft cleaning, and passenger services.

02Jun 25

Adani Enterprises Refutes Claims of US Investigation into Iranian LPG Trade

Adani Enterprises has firmly denied any awareness of a US investigation into alleged sanctions evasion or trade in Iranian liquefied petroleum gas (LPG). This statement is in direct response to a recent Wall Street Journal report suggesting potential US scrutiny of Adani's business activities related to Iranian LPG trade. The company emphasizes its commitment to transparency and compliance with international trade regulations.

02Jun 25

Adani Group Denies US Probe Into Alleged Iranian LPG Links, Refuting WSJ Report

Adani Enterprises has strongly denied a Wall Street Journal report alleging potential violations of U.S. sanctions on Iran. The company asserts strict adherence to a non-Iranian cargo policy at its ports and claims the referenced shipment was a routine transaction with documentation showing Sohar, Oman as the point of origin. The WSJ had reported that the U.S. Justice Department was investigating Adani for possible sanctions violations, including discrepancies in ship locations and potential manipulation of the Automatic Identification System used by Adani's LPG tankers. Adani's swift denial aims to alleviate investor concerns and maintain market confidence.

23May 25

Adani Enterprises Commits ₹50,000 Crore Investment in Northeast India

Adani Enterprises has announced plans to invest ₹50,000 crore (₹500 billion) in Northeast India over the next decade. The investment is expected to focus on infrastructure development, energy projects, logistics, agriculture, and tourism. This significant commitment aims to stimulate economic growth, create jobs, boost infrastructure, and contribute to the overall development of the strategically important northeastern region.

18May 25

Adani Defence & Aerospace Partners with Sparton for Indigenous Anti-Submarine Warfare Solutions

Adani Defence & Aerospace, a subsidiary of Adani Enterprises Ltd, has partnered with Sparton to indigenize sonobuoys and anti-submarine warfare systems for the Indian Navy. This makes Adani the first private company in India to offer indigenous sonobuoy solutions, aligning with the government's 'Aatmanirbhar Bharat' initiative. The collaboration aims to enhance India's naval capabilities, promote local manufacturing, and reduce dependence on imports in critical defense sectors.

15May 25

Adani Airport Holdings Severs Ties with DragonPass, Impacting Lounge Access

Adani Airport Holdings, a subsidiary of Adani Enterprises Ltd, has immediately terminated its partnership with DragonPass, a global digital platform for airport services. This decision affects lounge access for DragonPass customers at Adani-managed airports, including major hubs like Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The move may signal a shift in Adani's airport management strategy and could influence the competitive landscape in airport services.

09May 25

Adani Enterprises Inks MoU with Bhutan for Massive 5,000 MW Hydropower Project

Adani Enterprises has signed a Memorandum of Understanding (MoU) with Bhutan to develop 5,000 MW of hydropower capacity. This agreement marks a significant expansion of Adani's renewable energy portfolio and represents a major step in international energy cooperation. The project aims to boost Bhutan's renewable energy production and export capabilities while diversifying Adani's clean energy sources. The implementation will involve environmental assessments, financing arrangements, and regulatory approvals from both countries.

08May 25

Adani Group Expands Renewable Energy Portfolio with 5,000 MW Hydropower Project in Bhutan

Adani Group has signed a Memorandum of Understanding with Bhutan to develop 5,000 MW of hydropower capacity. This agreement marks a significant expansion of Adani's renewable energy portfolio and its entry into international energy markets. The project aims to enhance energy security and promote clean energy in the region, potentially bringing economic benefits to Bhutan through energy exports and infrastructure development.

08May 25

Adani Ports Enhances Travel Experience: Digital Labs Partners with Dragonpass for Premium Lounge Services

Adani Ports and Special Economic Zone Ltd's digital arm, Adani Digital Labs, has partnered with Dragonpass to offer premium lounge experiences at Adani-managed airports and other key locations across India. This collaboration aims to improve traveler convenience and comfort through personalized services. The initiative expands APSEZ's footprint in premium travel services, potentially increasing non-aeronautical revenue streams. It also highlights Adani Ports' focus on digital innovation in the aviation and ports sector, positioning the company at the forefront of digital transformation in travel and logistics services.

01May 25

Adani Enterprises Reports Strong FY25 Performance, EBITDA Surges 26%

Adani Enterprises Ltd (AEL) announced strong financial results for FY25, with consolidated revenue up 2% to ₹100,365.00 crore and PAT attributable to owners surging 119% to ₹7,099.00 crore. Incubating businesses showed significant growth, with ANIL Ecosystem, Airports, and Roads segments reporting substantial increases in total income and EBITDA. The company recognized an exceptional gain of ₹3,946.00 crore from stake sale in AWL Agri Business Limited. Operational highlights include increased module sales, passenger movement, and mining dispatch volumes. AEL's credit rating was upgraded to AA-/Stable, reflecting strong execution capabilities. The Board recommended a final dividend of ₹1.30 per equity share for FY25.

01May 25

Adani Enterprises: Q4 Profit Soars 752% YoY, Reports Robust FY25 Performance and Declares Dividend

Adani Enterprises Limited (AEL) reported a 752% year-over-year increase in Q4 FY25 profit, reaching ₹3,845.00 crore, largely due to an exceptional gain of ₹3,286.00 crore. Despite an 8% revenue decline, EBITDA grew by 19%. For FY25, PAT rose 120% to ₹7,112.00 crore. The company declared a dividend of ₹1.30 per share and plans to raise ₹15,000.00 crore through equity instruments. Strong growth was observed in ANIL Ecosystem, Airports, and Roads segments, while operational highlights showed improvements in solar manufacturing, wind turbine generation, and airport passenger movement.

30Apr 25

Adani Group Puts $10 Billion Chip Plant Project on Hold

Adani Group has paused discussions with Israel's Tower Semiconductor regarding a proposed $10 billion chip manufacturing plant in Maharashtra, India. The decision was based on insufficient domestic demand for chips and reluctance to pursue an export-focused model. This development could impact India's semiconductor industry aspirations and may lead to a reassessment of the country's chip manufacturing strategy.

30Apr 25

Adani Enterprises Sets Date for Q4 Results, Considers Dividend and Fundraising

Adani Enterprises has scheduled its board meeting for May 1, 2025, to review Q4 and FY 2024-25 financial results, consider dividend recommendations, and discuss fundraising proposals. The company has implemented a trading window closure for insiders from April 1, 2025, until 48 hours after the results announcement to prevent insider trading.

28Apr 25

Adani Enterprises to Consider Q4 Results, Dividend, and Fund Raising on May 1

Adani Enterprises Limited's Board of Directors will meet on May 1, 2025, to approve Q4 and FY 2024-25 financial results, consider dividend declaration, and discuss fund-raising options. The company will host a post-results conference call for investors on the same day. The trading window closure period will end 48 hours after the results announcement.

23Apr 25

TIPS Industries Reports 18.6% Surge in Q4 Net Profit

TIPS Industries Ltd, a major player in the Indian music industry, has reported a significant increase in its fourth-quarter net profit. The company's net profit rose to ₹306.00 crore, up 18.60% from ₹258.00 crore in the same period last year. This strong financial performance demonstrates the company's resilience and growth in the dynamic entertainment landscape, potentially reflecting broader positive trends in the Indian music and entertainment sector.

22Apr 25

Adani Enterprises Unveils $10 Billion Data Center Investment Plan, Eyeing AI Boom

Adani Enterprises plans to invest $10 billion in data centers to meet the surging demand for AI services. This strategic move aims to position the company as a key player in providing infrastructure for the growing AI ecosystem. The expansion is expected to boost India's role in data processing and AI development, potentially reshaping Adani's business model and contributing to its future growth.

21Apr 25

Adani Group Unveils $10 Billion Data Center Investment Plan, Targeting AI Boom and 10 GW Capacity

Adani Enterprises has announced a $10 billion investment plan for data centers across India, targeting an initial capacity of 2 GW with potential to scale up to 10 GW. The company is focusing on government-to-government contracts and has identified locations in four states. This move aims to capitalize on the growing demand for AI services and business process outsourcing, potentially boosting India's position as a global tech hub.

10Apr 25

Adani Enterprises to Launch Copper Smelter Complex in India

Adani Enterprises plans to open a copper smelter complex in India within the next four weeks, marking its expansion into the metals sector. This strategic move could boost domestic copper supply, reduce import reliance, create jobs, and potentially influence local copper prices. The timing aligns with increasing global demand for copper, driven by renewable energy technologies and electric vehicles.

25Mar 25

Adani Enterprises Expands Renewable Energy Footprint with New Subsidiary

Adani Enterprises Limited (AEL) has incorporated a new subsidiary, Adani New Industries One Limited (ANIOL), to focus on trading and supplying components for solar and wind energy manufacturing. ANIOL, established with a share capital of Rs. 1,00,000, will deal in solar panels, inverters, wind turbines, and related equipment. This strategic move aims to strengthen AEL's position in the renewable energy supply chain and capitalize on the growing clean energy market.

24Mar 25

Adani Enterprises Expands Presence with New Subsidiaries in Dubai and India

Adani Enterprises has established two new wholly owned subsidiaries: 'Cococart International-FZCO' in Dubai, UAE, and 'Adani New Industries One' in India. The Dubai subsidiary marks Adani's expansion into the Middle East, while the Indian subsidiary will focus on trading components for solar and wind energy manufacturing. These moves indicate Adani's strategy to diversify its geographical presence and strengthen its position in the renewable energy sector.

21Mar 25

Adani Enterprises Faces Legal Setback, Expands Tech Portfolio, and Establishes Dubai Subsidiary

Adani Enterprises faced a legal setback as the Delhi High Court dismissed its petition in the Kolkata Airport cargo terminal case. However, the company continues to expand its technology investments. Its subsidiary, Sirius Digitech Limited, acquired the remaining 22.5% stake in Parserlabs India Private Limited (PIPL) for Rs. 45 crore, making it a wholly-owned subsidiary. PIPL, a sovereign AI and cloud startup, has shown strong growth with a turnover of Rs. 45.63 crore in FY 2023-24. Additionally, Adani Enterprises established a new subsidiary, Cococart International-FZCO, in Dubai, expanding its international presence.

20Mar 25

Adani Enterprises Sees Block Trade of 300,201 Shares and Makes Strategic Acquisitions

Adani Enterprises Ltd. (AEL) executed a block trade of 300,201 shares at Rs. 2,333.95 per share, totaling Rs. 70.07 crore. Its joint venture, Sirius Digitech, acquired the remaining 22.5% stake in Parserlabs India Private Limited (PIPL) for Rs. 45 crore. PIPL, a deep tech startup, focuses on sovereign AI and cloud platforms. Additionally, AEL's subsidiary Kutch Copper Limited formed a 50-50 joint venture, PRANEETHA ECOCABLES LIMITED, to manufacture and sell metal products, cables, and wires.

20Mar 25

Adani Enterprises' Subsidiary Completes Full Acquisition of Parserlabs India

Adani Enterprises' subsidiary, Sirius Digitech, has acquired the remaining 22.5% stake in Parserlabs India Private Limited (PIPL) for Rs. 45 crore, making it a wholly-owned subsidiary. PIPL, a technology company specializing in sovereign AI and cloud platforms, showed significant growth with a turnover of Rs. 45.63 crore in FY 2023-24. This acquisition strengthens Adani's position in the technology sector, particularly in AI and cloud computing.

18Mar 25

Adani Airports Proposes Hike in User Development Fee at Mumbai International Airport

Adani Airports, a subsidiary of Adani Enterprises Ltd, has proposed an increase in the User Development Fee (UDF) at Mumbai International Airport. This could potentially lead to higher travel costs for passengers. The UDF is used for airport infrastructure development and maintenance. The proposal is subject to regulatory approval, with authorities considering factors such as passenger impact and infrastructure needs. If approved, it could affect Adani Enterprises' airport business and the broader air travel landscape in Mumbai.

17Mar 25

Adani Enterprises: Mixed Legal Developments Amid US Bribery Allegations

Adani Enterprises experiences contrasting legal outcomes. The Bombay High Court discharged Gautam and Rajesh Adani in an SFIO case related to market regulation violations. However, the company faces scrutiny from US authorities over bribery allegations, with the Indian government preparing to deliver a summons from the US to Adani Enterprises. This development could have significant implications for the company's operations and reputation.

13Mar 25

Adani Enterprises Faces US Bribery Allegations Amid Investor Forum Participation

Adani Enterprises is set to receive a US summons over bribery allegations, as reported by Reuters. Simultaneously, the company is preparing for the Jefferies 6th Asia Forum in Hong Kong on March 18-19, 2025, where it will engage with investors and analysts. The company has made its presentation for the forum available on its website to maintain transparency amidst the controversy.

12Mar 25

Adani Enterprises Secures Massive Rs 36,000 Crore Mumbai Redevelopment Project

Adani Enterprises has secured the bid for the Motilal Nagar redevelopment project in Mumbai, valued at Rs 36,000 crore ($4.3 billion). This large-scale urban renewal initiative aims to transform both residential and commercial spaces in the area, potentially modernizing infrastructure and improving living conditions. The project win highlights Adani's growing presence in real estate and urban development, demonstrating its capacity to handle major urban transformation projects.

11Mar 25

Adani Group Secures Massive Rs 36,000 Crore Mumbai Redevelopment Contract

The Adani Group has won a Rs 36,000 crore ($4.3 billion) contract for the redevelopment of Motilal Nagar in Mumbai, marking one of the largest urban redevelopment projects in India's financial capital. This move signifies the conglomerate's expansion beyond its core infrastructure and energy businesses into real estate and urban development sectors. While the contract is not directly related to Adani Ports and Special Economic Zone Limited (APSEZ), it demonstrates the Adani Group's capability to secure large-scale projects and diversify its portfolio.

07Mar 25

Supreme Court to Examine Adani Enterprises' Mumbai Slum Redevelopment Project

The Supreme Court of India has agreed to hear a case challenging Adani Enterprises' involvement in a Mumbai slum redevelopment project. This legal challenge could potentially impact Adani's urban development plans, cause project delays, and increase scrutiny on the company's corporate governance practices. The case highlights the growing regulatory attention on large-scale urban development projects, particularly those involving slum redevelopment.

04Mar 25

BlackRock Denies ET Report on Adani Enterprises Refinancing

BlackRock, the world's largest asset manager, has refuted a report by the Economic Times regarding the refinancing of Adani Enterprises Ltd. The contradiction, reported by Bloomberg, raises questions about the accuracy of the initial report and its potential impact on Adani Enterprises' market perception. This incident highlights the importance of verifying financial news and the role of official statements in clarifying market rumors.

28Feb 25

Adani Enterprises Eyes Airport Retail Expansion Amid Tax Demand

Adani Enterprises Limited (AEL) plans to take control of retail operations at its airports, signaling a strategic expansion in the airport retail sector. Simultaneously, the company faces a tax demand of ₹11,56,956 from Ahmedabad state tax authorities for alleged excess input tax credit in FY 2020-21. AEL deems the demand unsustainable and plans to appeal, stating it will have no material impact on the company's financials or operations.

25Feb 25

Adani Group Unveils Massive 500 Billion Rupee Investment Plan for Assam

Adani Group has announced a 500 billion rupee ($6 billion) investment plan for the northeastern state of Assam. The investment aims to boost infrastructure, energy, logistics, and industrial growth in the region. This move is expected to create jobs, stimulate economic growth, enhance infrastructure, and promote skill development in Assam. For Adani Group, this represents a significant geographical expansion into India's northeast, aligning with their diversified business model and long-term growth strategy.

24Feb 25

Adani Group Unveils Massive ₹110 Billion Investment Plan for Madhya Pradesh

Adani Group has announced a ₹110 billion (₹11,000 crore) investment plan for Madhya Pradesh. The conglomerate aims to create over 120,000 jobs by 2030 through various projects across the state. This significant investment is expected to boost the state's economy, attract further investments, and stimulate various industries.

19Feb 25

U.S. SEC Seeks Indian Assistance in Serving Complaint to Adani Executives

The U.S. Securities and Exchange Commission (SEC) has taken steps to serve its complaint to Gautam Adani and Sagar Adani of Adani Enterprises Ltd. The SEC has invoked the Hague Service Convention, requesting assistance from India's Ministry of Law and Justice. This action is related to a U.S. indictment from the previous year and signifies the international scope of the investigation. While the specific details of the complaint are not disclosed, this development could have significant legal, reputational, and operational implications for Adani Enterprises.