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Adani eyes SunEdison's Indian solar assets: Jayant Parimal, CEO

 MUMBAI: The Adani Group is considering a bid for SunEdison's Indian solar assets, the chief executive officer for the group's renewable energy arm said on Friday. Jayant Parimal, Adani Green Energy Ltd's CEO, told reporters in Mumbai that his company was evaluating whether to bid for SunEdison's solar projects. Investment banks appointed by US-based SunEdison had approached Adani to gauge its interest in the assets, Parimal said.
10-06-2016
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Adani Enterprises to set up 1 mt copper plant in Mundra

 Adani Enterprises is in the process of setting up a copper smelter project with a capacity of one million tonnes per annum at an investment of Rs 10,000 crore at Adani Port Special Economic Zone (APS...
08-06-2016
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Dilip Shanghvi, Gautam Adani eye oil blocks

 MUMBAI: Billionaire Dilip Shanghvi, the promoter of India's biggest drug maker Sun Pharmaceuticals, is interested to enter the country's energy sector. Shanghvi, along with fellow billionaires Gautam Adani of the Adani group and the Ruia family of Essar, are some of the high profile investors who are looking to have a piece of the action in India's upcoming auction for 46 small oil blocks, slotted to open for bidding on July 15. Shanghvi is interested to bid through Sun Petrochemicals, a company that he floated with his personal investments, while Adani is in the fray through Adani Welspun Exploration, a 65-35 joint venture between Adani Group and the city-based Welspun Group, and Ruias are coming through Essar Exploration & Production. It may be noted that last year Shanghvi had invested in wind power firm Suzlon Energy . A spokesperson for the Sun Pharma group declined to comment on whether the trend signifies the billionaire's interest to diversify into the energy space. Along with these billionaires, there are established players from the field like Indian Oil Corp and Bharat Petroleum, private equity players like India Capital and Capital Fortunes, and several other players from the field who attended the first road show for auction in the city on Monday . Even officials from consulates and high commissions of UK, Brazil, Norway and several others were there to look for opportunities in the country's energy sector. Speaking to TOI, Dharmendra Pradhan, minister for petroleum and natural gas, said that to attract investors from beyond the established players in...
07-06-2016
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Sell Adani Enterprises, target Rs 68: Mitesh Thacker

 Sell Adani Enterprises with a target of Rs 68 and a stop loss of Rs 74
06-06-2016

Adani may abandon Australian coal mine project citing delays: report

 The report says Gautam Adani disappointed as the project has yet to receive the green light after six years of environmental assessments and court battles
04-06-2016

No public funding in Adani's coal mine: Australia PM Malcolm Turnbull

 Experts find timing of Adani's multi-billion dollar mining investment amid declining seaborne thermal coal markets as inopportune
03-06-2016
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Way clear for Adani coal mine project: Australian envoy

 The way is now clear for Adani's Carmichael Mine project even as it has obtained all environmental clearances and other necessary approvals, according to Harinder Sidhu, Australian High Commissioner t...
01-06-2016
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Ruchi Soya, Adani Wilmar likely to tie up as India's top FMCG company

 NEW DELHI: Ruchi Soya Industries Limited (Ruchi Soya), and Adani Wilmar Limited (Adani Wilmar), a joint venture between Adani Enterprises Limited (Adani) and Wilmar International Limited (Wilmar), are pleased to announce that they have agreed to combine their respective procurement, marketing, distribution and sales businesses, for the products mentioned below. It is contemplated that a new joint venture company will be formed which will own and manage all procurement, sales and marketing of the below mentioned businesses of the respective parties, and each party will also contribute its portfolio of brands in relation to the products mentioned below. The manufacturing requirements of the joint venture company are proposed to be fulfilled by Adani Wilmar and Ruchi Soya. It is proposed that Adani and Wilmar will, through Adani. Wilmar, jointly holds an equity stake of 66.66 percent in the joint venture company, and Ruchi Soya will hold 33.34 percent. A non-binding term sheet has been signed in this regard. This proposed new integrated platform is expected to have significant value for both the Indian farmer, in terms of efficient handling of produce and sales realization, as well as for the Indian consumer, who will stand to gain from an increased range of high quality finished products through distribution networks that will be optimized to provide the highest standards of quality and handling, at the lowest cost possible. The proposed transaction is subject to due diligence, definitive binding documentation, applicable regulatory and other approvals and certain other terms and conditions. Further announcements will be made at an appropriate...
30-05-2016
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Adani Wilmar and Ruchi Soya propose to join hands to create one of Indias leading FMCG companies

 Adani Enterprises Ltd has informed BSE regarding a Press Release dated May 25, 2016 titled "Adani Wilmar and Ruchi Soya propose to join hands to create one of Indias leading FMCG companies".
25-05-2016
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Resignation of Director

 Adani Enterprises Ltd has informed BSE that Dr. Ravindra H. Dholakia has tendered his resignation as Director of the Company with effect from May 24, 2016.
25-05-2016
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