Tag Archives: Adani Group

Bhopal: Billionaire industrialist Gautam Adani announced on Monday that the Adani Group will invest ₹2.1 lakh crore in Madhya Pradesh, generating over 1.2 lakh jobs by 2030. The investments will span multiple sectors, including pumped storage, cement, mining, smart meters, and thermal energy.

Nathan Anderson, the founder of the US-based short-selling firm Hindenburg Research, has shared insights into why his firm launched its investigation into the Adani Group and the eventual closure of the research firm. In an interview with news agency PTI, Anderson revealed that the decision to scrutinize the Adani Group was prompted by "red flags" highlighted in media reports.

In a major boost to Odisha’s industrial and infrastructure development, the Adani Group has committed an investment of Rs 2.3 lakh crore over the next five years. This pledge was made during the Utkarsh Odisha 2025 investor meeting held on Tuesday, signaling the group’s strong intent to expand its footprint in the state across multiple sectors, including power, cement, industrial parks, aluminium, and city gas projects.

In a significant move aimed at boosting Chhattisgarh's economic landscape, industrialist Gautam Adani met with the state's Chief Minister Vishnu Deo Sai on Sunday to announce a ₹65,000 crore investment in various Adani Group projects. This includes major expansions in the energy and cement sectors, along with social welfare initiatives in education, healthcare, and tourism.

The Adani Group has announced plans to invest ₹20,000 crore to set up an ultra-super critical thermal power plant in Bihar, a project that is expected to significantly boost the state’s economy and create thousands of jobs. Pranav Adani, Director of Adani Enterprises, made the announcement on Friday at the Bihar Business Connect event in Patna, sharing the conglomerate’s ambitious investment roadmap.

The Navi Mumbai International Airport (NMIAL) marked a significant milestone on Friday with its first successful trial landing, paving the way for its expected operational launch early next year. An Indian Air Force C295 multi-role tactical airlifter made the inaugural landing on the airport's south runway, a moment celebrated with a water salute from the fire brigade and a spectacular flypast by Sukhoi 30 jets.

The Maharashtra government has officially approved the acquisition of approximately 256 acres of ecologically sensitive salt-pan land from the Centre to provide housing for residents in Dharavi who do not qualify for homes under the Adani Group-led Dharavi Redevelopment Project. This decision was made on Monday, following the Centre's consent for the transfer of three salt-pan parcels located in Kanjurmarg, Bhandup, and Mulund. The transfer was sanctioned on September 2 after a request from the state government.

Adani Group has emerged victorious in a significant bid to supply 6,600 MW of electricity to Maharashtra State Electricity Distribution Company Limited (MSEDCL), marking a major achievement for the company. The contract, awarded at a rate of ₹4.08 per unit, is nearly ₹1 lower than the current procurement cost of electricity in the state.

In a significant shift in the wealth landscape of Asia, billionaire Gautam Adani has once again emerged as the richest person in the continent, surpassing Mukesh Ambani, the head of Reliance Industries. Adani's rise to the top spot in Asia's wealth hierarchy comes on the heels of a surge in stock prices across companies in his conglomerate, as reported by the Bloomberg Billionaires Index.

In a significant development in the fintech industry, Gautam Adani, the chairman of the Adani Group, is reportedly in discussions to acquire a stake in One 97 Communications, the parent company of Paytm. According to a report in the Times of India, talks between Adani and Vijay Shekhar Sharma, the founder and CEO of Paytm, have been ongoing for a while, with a recent meeting held on May 28 in Ahmedabad to finalize the deal's contours.