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.
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.
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.
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.
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.
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.
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.