Adani Group has announced a 50:50 joint venture with the Japanese conglomerate Kowa Group to market green hydrogen in Japan, Taiwan, and Hawaii. The billionaire-led Adani conglomerate is committing up to $50 billion over the next decade to establish a comprehensive green hydrogen ecosystem in Continue Reading
Adani TotalEnergies E-Mobility Limited (ATEL) has announced a partnership with the all-electric cab aggregator Prakriti E-Mobility (Evera) to establish electric vehicle (EV) charging infrastructure. The collaboration will focus on creating a centralized hub of 200 EV charging points in Delhi, with plans to expand across India to promote eco-friendly mobility and meet the Continue Reading
According to economist Swaminathan S. Anklesaria Aiyar, the Hindenburg report might be the “greatest thing” that has ever happened to billionaire Gautam Adani since it might instill financial discipline within the conglomerate. Following allegations of unlawful use of tax havens and stock manipulation by the “apples-to-airports” conglomerate made in Continue Reading
According to those acquainted with the negotiations, Asia’s richest man, Gautam Adani, is considering establishing a family office abroad to manage his soaring wealth. The insiders, who asked to remain anonymous since the topic is private, said that the chairman of the ports-to-power Adani Group conglomerate is considering Dubai or New York as the basis […]Continue Reading
According to a research by CreditSights, a division of Fitch Corporation, Indian billionaire Gautam Adani’s ports-to-power conglomerate is “seriously overleveraged,” with the group making aggressive investments in both new and current businesses that are primarily financed with debt. CreditSights said in the study released on Tuesday that the ambitious Continue Reading
The Adani Group’s application to build a 30 million tonne iron ore (value addition) project and an integrated alumina refinery with a 4 million tonne annual capacity has been approved, according to a statement released on Friday. Over 50% of India’s bauxite and iron ore reserves are located in Odisha. The alumina refinery, which would […]Continue Reading
Two state government officials told Reuters that bids for two separate tenders by India’s Adani Enterprises to supply imported coal were cancelled because the prices quoted were too high. A major government tender for imported coal has been cancelled for the first time in recent years due to high prices. There have been no previous […]Continue Reading
Indian conglomerate Adani Group is looking into possible partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter. According to sources, the group, led by Indian tycoon Gautam Adani, has held preliminary talks with Saudi Arabia’s aramco and the country’s Public Investment Fund on a variety of potential Continue Reading