Adanigroup - The Purbottar

29 Nov

Adani Group won Dharavi redevelopment project with Rs 5,069-crore bid

Business Correspondent0 CommentsBusinessAdanigroup, maharashtra

Adani Group has attained the tender for the redevelopment of Mumbai's Dharavi area, one of the largest slum clusters in Asia. The Maharashtra govt. concerned officials, on November 29, offered the financial tender for the Dharavi redevelopment project. Three companies namely Adani Realty, DLF and Naman Group had submitted proposal for the redevelopment of Dharavi and rehabilitation of slum dwellers. With the selection of the successful contestant, the redevelopment of Dharavi will finally start now, after multiple failed attempts since the last 15 years. The conqueror of worth Rs 20,000-crore project is planned on the basis of the highest initial…

10 Aug

Adani Group likely to take over Guwahati airport in October

editor0 CommentsBusiness, IndiaAdanigroup

The Adani Group on Monday began its “Observation Period” at the Lokpriya Gopinath Bordoloi International (LGBI) airport in Guwahati as part of its mandate to develop and modernise northeast India’s main airport, officials said. An Airport Authority of India (AAI) official said that a nine-member team of the Adani Airport Holding Ltd (AAHL) led by Chief Airport Officer Utpal Baruah, an aviation industry expert who also hails from Assam, on Monday formally started its “Observation Period” and is likely to take over charge in October. An AAI official on condition of anonymity said that as per the agreement with the…

19 May

Adani Green buys SB Energy from Softbank and Bharti

editor0 CommentsBusinessAdanigroup, Bharti, Japan, Softbank

Adani Green Energy Ltd. (AGEL) acquiring SB Energy India from Softbank of Japan and India’s Bharti Group to add 4,954 MW to its renewable power portfolio. The transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion. The target portfolio consists of large-scale utility assets with 84 per cent solar capacity (4,180 MW), 9 per cent wind-solar hybrid capacity (450 MW) and 7 per cent wind capacity (324 MW). All projects have 25-year power purchase agreements with sovereign rated counterparties such as Solar Energy Corporation of India Ltd. (SECI), NTPC Limited and NHPC Limited. According to the…

13 Apr

New York stock exchange removed Adani ports from its index

editor0 CommentsBusinessAdanigroup, Adanigroup port, Mynmar, Stockexchange

New York-based stock exchange S&P index removed Adani ports from its index due to their business links with the Myanmar military. In this context S&P, Dow Jones Indices said in a statement that it is removing India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm's business relation with Myanmar's military which is accused of human rights abuses after a coup this year. This decision came in to effect after a report which indicates that Adani Group, India's largest private multi-port operators had paid $30 million (around Rs. 225 crores) to Myanmar Economic Corporation…