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Latest news about Adani Enterprises

GQG Partners Boosts Stakes in Adani Companies Amid FII Reduction 2 days ago

GQG Partners increased holdings in four Adani Group companies during Q2 FY24, while FIIs reduced their stakes. Notable changes include GQG raising its stake in Ambuja Cements by 0.70%. LIC maintained strong positions, increasing its stake in ACC Ltd. SEBI's clean chit on Hindenburg allegations may have influenced investor sentiment. Investec initiated coverage on Adani Ports with a buy rating, projecting over ₹1 trillion operating cash flow for FY25-30.

Adani Enterprises: Major Deals with Google and Sahara, EPFO Notice Over Property Acquisition 5 days ago

Adani Enterprises Unit Teams Up with MTAR Tech for AMCA Development Contract Bid 6 days ago

Supreme Court Notices Adani Enterprises Over Customs Duty Dispute 7 days ago

Gautam Adani Urges India to Shape Its Global Narrative Through Cinema 9 days ago

More news about Adani Enterprises

08Oct 25

Adani Enterprises Plans Multiple Fundraising Initiatives

Adani Enterprises' board has approved two significant fundraising initiatives. The company plans to raise up to ₹3,000 crores through Non-Convertible Debentures (NCDs) and between ₹18,000 to ₹25,000 crores via a rights issue. The NCDs may be issued through various modes including private placement and public issue, and could be listed on major stock exchanges. Both initiatives are subject to regulatory approvals and comply with SEBI Listing Regulations.

07Oct 25

Adani Defence Under Scrutiny for Suspected Import Tax Evasion on Missile Components

Adani Defence, a subsidiary of Adani Enterprises, is being investigated by Indian authorities for suspected evasion of import taxes related to missile components. The Adani Group claims to have addressed all concerns with the authorities and considers the matter resolved. This investigation comes amid increased scrutiny of the Adani Group's operations, highlighting regulatory focus on compliance in the defense sector.

06Oct 25

Adani Enterprises Raises ₹10,000 Crore Through Private Bond Placement

Adani Enterprises is raising up to ₹10,000 crore through a private placement of bonds, its first since 2023. The 2.5-year bonds offer an 8.70% semi-annual coupon rate and are rated AA- by ICRA. Large mutual funds are expected to be the primary buyers. This issuance comes with a lower coupon rate compared to the company's previous public bond issuances in 2023, potentially indicating improved market conditions or investor confidence. The move demonstrates Adani Enterprises' continued access to capital markets despite recent scrutiny and ongoing investigations into allegations made by Hindenburg Research.

05Oct 25

PM Modi to Inaugurate Navi Mumbai International Airport's First Phase on October 8

Prime Minister Narendra Modi will inaugurate the first phase of Navi Mumbai International Airport on October 8. The ₹19,647 crore project, developed by Navi Mumbai International Airport Ltd (NMIAL), is owned 74% by Adani Group and 26% by CIDCO. The airport's first phase can handle 20 million passengers and 0.80 million metric tonnes of cargo annually. Commercial operations are set to begin in December 2025. Major airlines like Air India Group, IndiGo, and Akasa Air plan to partially relocate operations to this new airport. Upon full development, the airport is expected to handle 90 million passengers annually across four terminals, with a total estimated cost of ₹1,00,000 crore.

01Oct 25

Gautam Adani Visits Navi Mumbai International Airport Staff Ahead of Inauguration

Adani Enterprises Chairperson Gautam Adani visited the Navi Mumbai International Airport, interacting with diverse staff including differently-abled colleagues, construction workers, and engineers. The airport is set for inauguration by Prime Minister Narendra Modi on October 8. It will operate as part of a twin-airport system, with an initial passenger capacity of 20 million annually, expanding to 90 million upon full completion. The airport has secured an Aerodrome Licence for public use from the DGCA.

01Oct 25

Adani Road Transport to Acquire Two Highway Companies in Strategic 100% Stake Deals

Adani Road Transport Limited (ARTL), a subsidiary of Adani Enterprises Limited, has signed agreements to acquire 100% stakes in Yashodhan Highways Private Limited and KN Highways Development Private Limited from DRN Infrastructure Private Limited. The acquisitions, executed on September 30, 2025, are subject to regulatory approvals and are not related party transactions. This move expands ARTL's presence in the highway development sector.

30Sept 25

Adani's Navi Mumbai Airport Secures DGCA License, Paving Way for Operations

Adani Enterprises' Navi Mumbai Airport project has obtained the aerodrome license from the Directorate General of Civil Aviation (DGCA), marking a significant step towards starting commercial operations. This regulatory approval indicates the airport's readiness and compliance with safety and operational standards. The new airport is expected to alleviate air traffic congestion in the Mumbai metropolitan area and represents a major expansion of aviation infrastructure in the region. This achievement strengthens Adani's position in India's airport sector and aviation infrastructure landscape.

26Sept 25

Delhi HC Halts Removal of Adani-Related Social Media Posts by Journalists

The Delhi High Court has ordered a status quo on the removal of social media posts about Adani Group, specifically those by journalist Ravish Kumar and Newslaundry. Justice Sachin Datta noted that Adani Enterprises agreed not to request further content removal as it existed on September 26 at 12 noon. The court clarified that already removed material should not be re-uploaded until the trial concludes. The government stated that their directions to remove posts were based on a civil court order. This decision comes in response to pleas filed by Newslaundry and Ravish Kumar challenging the Centre's direction to take down Adani-related reports and videos.

25Sept 25

Delhi Court Relieves Journalist Thakurta from Adani Defamation Restraining Order

A Delhi court has ruled that journalist Paranjoy Guha Thakurta is not required to remove alleged defamatory content against Adani Enterprises Limited (AEL) until further orders. This decision comes as part of an ongoing defamation case filed by AEL against multiple journalists and organizations. The court has directed that fresh orders be passed after hearing Thakurta and other defendants. This ruling follows a previous decision that set aside a similar order for four other journalists, citing the removal directive as too sweeping.

24Sept 25

Gautam Adani Addresses Shareholders on SEBI's Dismissal of Hindenburg Allegations; Mark Mobius Expresses Optimism

Gautam Adani addressed shareholders following SEBI's dismissal of Hindenburg Research allegations. Adani Group reported strong financial growth with portfolio EBITDA increasing 57% to ₹89,806 crore in FY25. The group completed major projects including India's first container transshipment port and added 6 GW of renewable energy capacity. Adani stocks gained nearly $20 billion in market value post-SEBI verdict. Global investor interest is returning, with Jefferies' Chris Wood purchasing Ambuja Cements shares and Morgan Stanley forecasting significant growth for Adani Power.

23Sept 25

Adani's Wealth Surges $13 Billion as Group Stocks Rebound After Regulatory Clearance

Adani Group stocks experienced volatility in early trading, initially facing profit-booking before showing signs of recovery. Gautam Adani's net worth increased by $13 billion over two sessions, reaching $95.7 billion after SEBI dismissed parts of a case against his conglomerate. Adani Power led the decline with a 5.3% drop, while other group companies saw initial declines of 1-5%. The recent rally was attributed to SEBI's clearance and positive analyst coverage. Trading volumes for Adani stocks significantly exceeded their 20-day averages, with Adani Total Gas and Adani Green Energy seeing notable increases.

22Sept 25

Delhi High Court to Hear Pleas Against Centre's Direction on Adani-Related Content Removal

The Delhi High Court will consider pleas from Newslaundry and journalist Ravish Kumar challenging the Centre's direction to remove reports about the Adani Group. This comes after a Delhi court set aside a previous order for content removal. Meanwhile, Adani Group stocks rallied following SEBI's exoneration of allegations made by Hindenburg Research. SEBI found no evidence of wrongdoing in related-party transactions or manipulative practices. Adani Group plans to reduce leverage over the next five years and maintain significant capital spending, including a $10 billion investment in US projects.

19Sept 25

SEBI Clears Adani Group of Related Party Transaction Violations; Newslaundry Challenges Government Directive

The Securities and Exchange Board of India (SEBI) has cleared the Adani Group of allegations regarding violations of related party transaction rules. The investigation focused on loan transactions between Adani Enterprises Ltd, Adani Power Ltd, and Adani Ports & Special Economic Zone Ltd through intermediary companies. SEBI concluded that these transactions did not qualify as related party transactions under the LODR Regulations during the 2018-19 to 2022-23 period. The regulator found no evidence of fund diversion or siphoning, noting all loans were repaid with interest before the investigation began.

19Sept 25

Adani Enterprises Faces Regulatory Scrutiny Amid Multiple SEBI Investigations

Adani Enterprises is currently under several ongoing investigations by the Securities and Exchange Board of India (SEBI). These probes have introduced significant regulatory risk and uncertainty for the company, potentially impacting its operations and investor confidence. The nature and scope of these investigations remain undisclosed, leading to increased market volatility and influencing investor sentiment. The resolution of these regulatory matters will be crucial in determining Adani Enterprises' future path and standing in the Indian corporate landscape.

18Sept 25

SEBI Clears Adani Group in Hindenburg Case as Delhi Court Quashes Gag Order

A Rohini Court in New Delhi has lifted a gag order that restricted journalists from publishing content about Adani Enterprises. The court ruled that journalists should have been given a chance to present their case before takedown orders were issued. Simultaneously, SEBI's final order cleared Adani Group companies of allegations related to the Hindenburg case, imposing no penalties. The original gag order was part of a defamation suit filed by Adani Enterprises, claiming negative coverage had damaged its reputation and business prospects.

18Sept 25

Adani Enterprises in Talks with Dubai's Emaar for Potential Joint Venture

Adani Enterprises is reportedly discussing potential joint venture opportunities with Dubai-based real estate giant Emaar for the Indian market. Emaar, known for projects like the Burj Khalifa, is exploring partnerships with various Indian business groups, with Adani emerging as a key potential collaborator. This move could combine Emaar's global real estate expertise with Adani's strong presence in India, potentially opening new avenues for Adani in the real estate sector.

17Sept 25

Journalists Appeal Delhi Court Order Restricting Adani Group Reporting

Five journalists, including Paranjoy Guha Thakurta, have appealed a Delhi district court order that restrained them from publishing reports about the Adani Group. The appeal challenges an ex-parte injunction granted by the Rohini court in favor of Adani Enterprises Ltd. The original order deemed the journalists' reports defamatory and unverified, directing content removal from three websites. Adani Enterprises argued that negative coverage had damaged their reputation and affected business operations. The district court has scheduled a hearing on the appeal for the next day. This case highlights the tension between corporate interests and press freedom in India.

15Sept 25

Adani Enterprises Secures Prestigious Kedarnath Ropeway Project

Adani Enterprises Limited (AEL) has been awarded a ₹4,081 crore project to construct a 12.9 km ropeway connecting Sonprayag to Kedarnath. The project, awarded by National Highways Logistics Management Ltd. (NHLML), will reduce pilgrimage travel time from 8-9 hours to 36 minutes. The ropeway will have a capacity of 1,800 passengers per hour in each direction. AEL will construct the project over 6 years and operate it for 29 years under a PPP model with revenue-sharing agreement. This project marks AEL's entry into the ropeway sector and aligns with the National Ropeways Development Programme.

15Sept 25

Adani Enterprises Secures ₹4,081 Crore Sonprayag-Kedarnath Ropeway Project

Adani Enterprises Limited has received approval for a 12.9 km ropeway project connecting Sonprayag to Kedarnath. The ₹4,081 crore project will reduce travel time from 8-9 hours to 36 minutes, with a capacity of 1,800 passengers per hour per direction. The project, to be completed in 6 years with a 29-year operation period, aims to transform the pilgrimage experience and boost regional development. It marks Adani's entry into the ropeway sector, expanding its infrastructure portfolio.

12Sept 25

Adani Road Transport to Acquire D P Jain TOT Toll Roads for Up to INR 1,342 Crores

Adani Enterprises Limited's subsidiary, Adani Road Transport Limited, has agreed to acquire a 100% stake in D P Jain TOT Toll Roads Private Limited for an enterprise value not exceeding ₹1,342 crores. The Share Purchase Agreement was signed on September 11, 2025, marking a significant expansion in Adani's road infrastructure portfolio. The deal is subject to regulatory approvals and is not a related party transaction.

12Sept 25

Adani Enterprises Eyes LCD Display Manufacturing in India

Adani Enterprises is reportedly in discussions with potential partners to establish an LCD display manufacturing facility in India. This move marks the company's entry into the technology hardware sector, diversifying its portfolio beyond its current interests in mining, airports, and other industries. The venture, if successful, could boost India's position in the global electronics supply chain and reduce the country's reliance on imports for crucial electronic components.

11Sept 25

Adani Group Pledges $7 Billion for Philanthropy and Implements Port Restrictions

The Adani Foundation announced a $7 billion philanthropy pledge at the AVPN Global Conference in Hong Kong. The foundation, which reaches 9.60 million people annually across 7,000 Indian villages, operates on five pillars: education, community health, nutrition, community infrastructure, and sustainable livelihoods and climate action. Priti Adani, the foundation's chairperson, outlined three key agendas for future efforts: co-building with partners, extending beneficiaries as multipliers of change, and uniting skills with values. Separately, the Adani Group has implemented a ban on vessels sanctioned by the EU, US, and UK from entering its ports.

05Sept 25

Adani Enterprises Addresses SEBI Investigation, Awaits Supreme Court Decision

Adani Enterprises issued a statement regarding SEBI's ongoing investigation into allegations by a foreign short-seller. SEBI has requested more time from the Supreme Court to complete its investigation. Adani emphasizes full cooperation with SEBI, confidence in compliance, and notes that no conclusions of wrongdoing have been made. The company urges against media speculation as the investigation continues.

28Aug 25

Adani Group Bolsters Leadership with Key Female Appointments

The Adani Group has appointed three women to crucial leadership positions across its business units. Srushti Adani will lead digital initiatives at Adani Digital Labs, Diva Adani will oversee non-aero business strategies at Adani Airport Holdings Ltd, and Namrata Adani will continue her involvement with Adani International School while also becoming a non-executive director at the Adani Group. This move aligns with the conglomerate's goal to have women directors constitute at least one-fifth of its board membership, demonstrating a commitment to diversity and inclusion in corporate leadership.

28Aug 25

Adani Portfolio Achieves Record Q1 Performance, EBITDA Surpasses Rs 90,000 Crore

Adani Enterprises achieved exceptional financial results in Q1, with TTM EBITDA surpassing Rs 90,000.00 crore for the first time. Quarterly EBITDA reached an all-time high of Rs 23,793.00 crore, up 3.32% year-on-year. Core infrastructure businesses contributed 87% of total EBITDA. Key performers included Adani Ports & SEZ (11% cargo volume growth), Ambuja Cements (20.6% sales volume increase), and Adani Green Energy (45% operational capacity expansion). The group's financial health improved with 87% of Run-rate EBITDA rated 'AA-' or above, a net debt to EBITDA ratio of 2.6x, and a cash balance of Rs 53,843.00 crore.

26Aug 25

CCI Greenlights Adani Group's Bid for Jaiprakash Associates Amid Insolvency Process

The Competition Commission of India (CCI) has approved Adani Enterprises' potential acquisition of up to 100% shareholding in Jaiprakash Associates Limited (JAL), contingent on Adani Group winning the ongoing insolvency proceedings. JAL, facing claims of Rs 57,185.00 crore from creditors, has entered the corporate insolvency resolution process. The company's valuable assets include real estate projects, commercial spaces, hotels, and cement plants. Other major companies like Dalmia Bharat, Vedanta Group, Jindal Power, and PNC Infratech have also sought or received CCI approval for their resolution plans. The Committee of Creditors is reviewing submitted plans, with a crucial voting process to determine the winning bid scheduled soon.

23Aug 25

Adani Enterprises Expands Chemical Footprint with New Subsidiary CG Syn-Gas & Chemicals

Adani Enterprises Limited (AEL) has incorporated a new step-down wholly owned subsidiary, CG Syn-Gas & Chemicals Limited (CSGCL), through its subsidiary Mundra Synenergy Limited (MSEL). CSGCL, incorporated on August 23, 2025, will focus on chemical manufacturing. The new entity has an initial subscribed capital of Rs. 5,00,000, with 50,000 equity shares at Rs. 10 each. CSGCL is yet to commence business operations and currently has no turnover. This move marks AEL's entry into the chemical manufacturing sector, potentially expanding its portfolio in this industry.

20Aug 25

Adani Units Secure $275 Million in Offshore Loans, Bolstering Financial Position

Adani Enterprises' subsidiaries have raised $275 million through foreign currency loans. Adani Airport Holdings secured a $150 million syndicated loan from global financial institutions, priced at 300 basis points over SOFR. Adani Ports & Special Economic Zone raised $125 million through a bilateral deal with Mitsubishi UFJ Financial Group, priced at 215 basis points over SOFR. Both loans have four-year maturity periods and will be used for dollar bond buybacks and capital expenditure. This is part of Adani Group's broader strategy, having signed over $10 billion in new credit facilities in the past six months.

18Aug 25

Adani Urges Tech Self-Reliance, Announces World's Largest Renewable Energy Park at IIT Kharagpur

Gautam Adani, Chairman of Adani Enterprises, addressed IIT Kharagpur's Platinum Jubilee session, urging India's engineers to lead a 'second freedom struggle' for technological independence. He highlighted India's current tech dependencies, including 90% chip imports and 85% oil imports. Adani announced the construction of the world's largest renewable energy park in Khavda, Gujarat, with a 30 GW capacity. He also launched the Adani-IIT Platinum Jubilee Change Makers Fellowship, focusing on renewable energy, logistics, and smart mobility projects. Adani outlined four principles for a 'greater Bharat': treating ideas as weapons, building for India first, fortifying technology and infrastructure foundations, and uniting academia, government, and industry.

15Aug 25

Adani Group Reaffirms Commitment to Atmanirbhar Bharat, Announces Major Infrastructure Investments

Adani Enterprises Chairman Gautam Adani pledged support for India's self-reliance vision through diverse infrastructure projects. The group plans to invest Rs 20,000 crore in airport infrastructure, with up to 70% allocated for Mumbai and Navi Mumbai airports. Adani Power is set to develop a 2,400 MW ultra-supercritical power plant in Bihar with an investment of up to $3 billion. These initiatives span sectors including bridges, ports, laboratories, and aviation, aligning with India's goal of enhancing domestic capabilities.

11Aug 25

Tata Advanced Systems and Adani Defence Set to Benefit from ₹30,000 Crore Defence Drone Deal

The Defence Acquisition Council has approved a ₹30,000 crore deal for 87 Medium Altitude Long Endurance (MALE) drones. Tata Advanced Systems and Adani Defence & Aerospace are set to share this order, boosting India's domestic UAV production. This move aligns with India's goal of enhancing indigenous defence manufacturing capabilities. Adani Defence & Aerospace is also expanding its aviation MRO operations by acquiring Indamer Technics.

09Aug 25

Adani Enterprises Appoints Shipping Veteran Bharat Sheth as Independent Director

Adani Enterprises Limited (AEL) has appointed Bharat Kanaiyalal Sheth as an Additional Director (Non-Executive, Independent) for a three-year term, effective August 9, 2025, subject to shareholder approval. Sheth, currently Deputy Chairman & Managing Director of The Great Eastern Shipping Company Limited, brings over four decades of shipping industry experience. This appointment coincides with the end of Hemant Nerurkar's second term as an Independent Director. Additionally, AEL has incorporated two step-down wholly-owned subsidiaries, OD Syn-Gas & Chemicals Limited and UP Syn-Gas & Chemicals Limited, each with a subscribed capital of Rs. 5.00 lakh, to operate in the chemical manufacturing sector.

09Aug 25

Adani Enterprises Expands Chemical Portfolio with Two New Subsidiaries

Adani Enterprises Limited has incorporated two new step-down wholly owned subsidiaries through Mundra Synenergy Limited: UP Syn-Gas & Chemicals Limited (USGCL) and OD Syn-Gas & Chemicals Limited (OSGCL). Both entities will focus on manufacturing chemicals and chemical products. Each subsidiary has a subscribed capital of Rs. 5.00 lakh, with 50,000 equity shares at a face value of Rs. 10.00 per share. Mundra Synenergy Limited holds 100% shareholding in both subsidiaries. The new entities have not yet commenced operations and report nil turnover.

07Aug 25

Adani Enterprises Expands into Chemical Sector with New Subsidiary

Adani Enterprises has established Nagpur Syn-Gas & Chemicals Limited (NSGCL), a step-down wholly-owned subsidiary focused on chemical production. NSGCL, incorporated on August 6, 2025, with a registered capital of Rs. 5,00,000, is owned by Mundra Synenergy Limited, a wholly-owned subsidiary of Adani Enterprises. This strategic move marks Adani's entry into the chemical sector, potentially opening new revenue streams and market opportunities.

07Aug 25

Adani Enterprises Expands Chemical Portfolio with New Subsidiary in Nagpur

Adani Enterprises Limited (AEL) has incorporated a new step-down wholly owned subsidiary, Nagpur Syn-Gas & Chemicals Limited (NSGCL), through its subsidiary Mundra Synenergy Limited. NSGCL, established on August 6, 2025, will focus on manufacturing chemicals and chemical products. The new entity has a subscribed capital of Rs. 5,00,000 divided into 50,000 equity shares of Rs. 10 each. NSGCL has not yet commenced business operations and has no turnover to date. This move aligns with AEL's diversification strategy and expansion into the chemical industry.

05Aug 25

Adani Enterprises Launches Cybersecurity Subsidiary with Rs 10 Lakh Initial Capital

Adani Enterprises has incorporated a new wholly owned subsidiary, Adani Cybersecurity Services Limited (ACSL), with an initial capital of Rs 10 lakh. ACSL will provide end-to-end cybersecurity solutions for Operational Technology, Information Technology, and Cloud environments. The subsidiary has been registered in Ahmedabad but has not yet commenced operations. This move marks Adani's entry into the cybersecurity sector, potentially opening new revenue streams for the conglomerate.

05Aug 25

S&P Upgrades Outlook on Adani Group Entities Amid Legal Challenges; Adani Enterprises Refutes Collaboration Rumors

S&P Global Ratings has upgraded its outlook on three Adani Group entities: Adani Electricity Mumbai (AEML) and Adani Green Energy Restricted Group 2 to 'Stable' from 'Negative', and Adani Ports and Special Economic Zone (APSEZ) to 'Positive' from 'Negative'. The upgrade reflects the group's sustained operational strength, continued access to funding, and minimal impact from ongoing investigations. The Adani Group has secured over $10 billion in fresh debt in the past six months. Separately, Adani Enterprises denied rumors of collaborations with Chinese companies for battery manufacturing.

04Aug 25

Adani Enterprises Denies Collaboration Plans with BYD

Adani Enterprises has officially denied any plans to collaborate with Chinese technology company BYD. The company issued a statement to address and dispel recent speculation about a potential partnership between the two companies. Adani Enterprises confirmed it has no plans to work with BYD, aiming to provide transparency to stakeholders and the public regarding its business strategies.

01Aug 25

Adani Enterprises Finalizes Merger of Adani Cementation with Ambuja Cements

Adani Enterprises Limited (AEL) has successfully completed the amalgamation of its wholly-owned subsidiary, Adani Cementation Limited, with Ambuja Cements Limited. The merger, effective from August 1, 2025, with an appointed date of April 1, 2024, was approved by the National Company Law Tribunal, Ahmedabad Bench. This strategic move results in the dissolution of Adani Cementation Limited without winding up, potentially streamlining operations within the Adani Group's cement business. The company confirmed that all conditions specified under the scheme have been fulfilled.

31Jul 25

Adani Enterprises Reports Mixed Q1 Results with Revenue Decline and EBITDA Growth in Incubating Businesses

Adani Enterprises Limited (AEL) reported a 14% decrease in total income to ₹22,436.62 crore for Q1 FY26. Consolidated profit after tax fell to ₹976.48 crore. However, EBITDA from incubating businesses grew 5% year-on-year to ₹2,800 crore, contributing 74% to Q1 results. Airports business EBITDA increased 61%. ANIL commissioned India's first off-grid 5 MW Green Hydrogen pilot plant. Mining Services signed two new MDO agreements. Ganga Expressway project is 85% complete. Net external debt stood at ₹52,667 crore with a debt-equity ratio of 1.52.

30Jul 25

Adani Group Unveils $4.8 Billion Investment Plan for Vietnam's Infrastructure

Adani Enterprises is set to invest $4.8 billion in Vietnam, expanding its international footprint. The investment includes $2 billion for Lien Chieu port development in Danang and $2.8 billion for the Vinh Tan 3 Thermal Power project in Binh Thuan. The company also expressed interest in aviation projects, including Long Thanh and Chu Lai airports. These plans were discussed during high-level meetings between Gautam Adani and Vietnam's top leadership, with the Vietnamese government showing strong support for the proposed investments.

24Jul 25

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

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.

24Jul 25

Mutual Funds Boost Adani Holdings as Foreign Investors Retreat

Mutual funds have become net buyers in seven out of ten Adani Group stocks during the June quarter, while foreign institutional investors (FIIs) have reduced their holdings. Adani Energy Solutions saw the most significant increase in mutual fund holdings, up by 74 basis points to 3.19%. LIC increased its stakes in Adani's cement assets, ACC and Ambuja Cements. FIIs reduced holdings in eight out of ten Adani stocks, with Adani Energy Solutions experiencing the largest drop of 173 basis points. GQG Partners sold stakes in multiple Adani companies. The Adani Group reported a record profit after tax of ₹40,565.00 crore and plans to invest $15-20 billion over the next five years.

24Jul 25

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

Mutual funds have become net buyers in seven out of ten Adani Group stocks during the June quarter, while foreign institutional investors (FIIs) have reduced their holdings. Adani Energy Solutions saw the most significant increase in mutual fund holdings, up by 74 basis points to 3.19%. LIC increased its stakes in Adani's cement assets, ACC and Ambuja Cements. FIIs reduced their stakes in eight out of ten Adani stocks, with Adani Energy Solutions experiencing the largest drop of 173 basis points. Despite mixed investor sentiment, Adani Enterprises reported a record profit after tax of ₹40,565.00 crore and plans to invest $15-20 billion over the next five years.

23Jul 25

Mumbai International Airport Soars to 9th Place in Global Rankings

Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai has secured the ninth position among the world's top 10 international airports in the Travel + Leisure World's Best Awards. This marks the third consecutive year CSMIA has been the only Indian airport on this list. CSMIA scored 84.23 points in a survey with nearly 180,000 readers casting over 650,000 votes. The airport handled 55.12 million passengers and is recognized as the world's busiest single-runway airport. CSMIA's success is attributed to technological advancements like biometric travel systems, electronic gates, and self-service kiosks. The airport is operated by Mumbai International Airport Limited, a joint venture between Adani Enterprises and the Airports Authority of India.

21Jul 25

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

Adani Enterprises has announced a Rs 96,000 crore investment plan for its airport operations over the next five years. The focus is on infrastructure upgrades and real estate development across its airport portfolio. Key projects include the Navi Mumbai International Airport (NMIA) with an initial Rs 19,000 crore investment and potential expansion to handle 90 million passengers annually. Mumbai airport will see a new Terminal 1 by 2032. Other airports in Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow, and Guwahati are also slated for upgrades. Funding will come from internal accruals and debt refinancing, with collaborations planned with major airlines like IndiGo and Air India.

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.