Adani Group Archives

adminMay 25, 2021

Mumbai : Reliance Infrastructure (RInfra) on Wednesday said that it has completed the Rs 18,800-crore sale of its Mumbai integrated distribution business to Adani Transmission (ATL), which will help RInfra reduce its debt by nearly two-thirds to Rs 7,500 crore. At a media briefing here following a board meeting to approve the transfer of the […]

adminMay 25, 2021

Sydney : Embattled Indian miner Adani Group has parted ways with mining services giant Downer and said it will build and run the Carmichael coal mine, Australia’s biggest coal venture in central Queensland’s Galilee Basin, on its own, a media report said. Adani in a statement on Monday revealed that both parties had cancelled a […]

adminMay 25, 2021

Canberra : An investigation by the Australian Broadcasting Corporation (ABC) has alleged that the Adani Group’s Australian operations have “previously unknown tax haven ties in the British Virgin Islands”. ABC’s ‘Four Corners’ programme has uncovered the British Virgin Islands links of Gautam Adani’s Australian ventures. The Adani Group has promised a $22 billion windfall in […]

adminMay 25, 2021

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New Delhi : The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday. In a new report it details how Adani’s Abbot Point Coal Terminal has excessive financial leverage, negative shareholders equity and runs the […]

adminMay 25, 2021

Raipur:(IANS) Adani Group on Monday said it has signed an initial agreement with the Chhattisgarh government to develop two critical projects in the state at an estimated cost of Rs. 25,200 crore. The two projects comprise of a coal to poly-generation (CTP) project and a rice-bran solvent extraction plant and refinery. “Both these projects will […]