adani ports

Adani group EBITDA grows 42% YoY in Q1 – ET Infra

Billionaire Gautam Adani‘s conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) […]

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Adani Group companies’ net profit surges 70% – ET Infra

MUMBAI: Adani group companies have seen their combined net profit surge nearly 70% on year in the June quarter, helped by robust performance in the ports, power and green energy businesses. Strong operational performance helped boost the group’s net profit, although overall sales saw a decline during the quarter. The comparative performance excludes the group’s

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Adani stocks decline, group market cap falls by Rs 25,000 crore – ET Infra

MUMBAI: Shares of all the 10 listed Adani Group companies declined on Monday after Deloitte Haskins & Sells resigned as the auditor of Adani Ports and Special Economic Zone. The selloff resulted in the group’s companies shedding about ₹25,000 crore in market capitalization in Monday’s trading. Shares of Adani Enterprises, the group’s flagship company, fell

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Adani group in talks to raise $1.8 billion from India bond sales – ET Infra

Billionaire Gautam Adani’s conglomerate plans to tap India’s bond market to raise up to Rs 150 billion ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a short seller earlier this year, according to people familiar with the matter. The notes would likely be sold in

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ACC not to conduct independent probe into Hindenburg allegations – ET Infra

Representative Image Leading cement maker ACC Ltd., acquired by the Adani Group last year in India’s biggest building- materials M&A deal, said Thursday it would not conduct an independent probe into allegations of financial misconduct levelled by US short seller Hindenburg Research against the infrastructure conglomerate. The cement maker, India’s oldest manufacturer of the commodity,

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Adani Enterprises shares jump over 3% on Dharavi project nod – ET Infra

Shares of Adani Enterprises rose over 3% to Rs 2,459 on the NSE in Monday’s trade after the Maharashtra government gave nod for the Dharavi Redevelopment project to one of its group companies. The rub-off impact was seen on other Adani Group stocks as all 10 stocks were trading in the green, gaining up to

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Adani stocks rise most since January Hindenburg report – ET Infra

MUMBAI: Adani Group shares surged the most Monday since the publication of the Hindenburg Research report late January, and market capitalisation of Adani listed entities crossed ₹10-lakh crore mark, after a Supreme Court-appointed panel said it had not found ‘regulatory failure’ on allegations of price manipulation in the conglomerate’s stocks and violation of minimum public

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