Adani Group company Adani Transmission Limited has won the bid for laying the transmission line for the 1980 megawatt (MW) Ghatampur thermal power plant in Uttar Pradesh.
Adani Group has committed initial capital of Rs 500 crore to its lending arm Adani Capital. The Gujarat-based conglomerate is looking to expand financial services business at a time when burgeoning bad loans have made state-run banks picky in bankrolling projects.
Adani’s coal-fired power business has reported more heavy losses, prompting the Indian conglomerate to announce it would shift away from using expensive imported coal.
Having entered the road construction business with its first hybrid annuity model project, the Adani Group may now look at the toll-operate-transfer (TOT) model, according to a spokesperson for the group.
Adani Group’s Jharkhand Power Plant Would Not Help Bangladesh But Prop Up Its Australia Coal Project, Claims Sydney NGO
The Adani group’s proposed 1,600 megawatt power project in Jharkhand is an expensive and risky project meant to “prop up” its controversial Carmichael coal mine in Australia at the cost of Bangladesh, the Sydney-based Institute for Energy Economics and Financial Analysis (IEEFA) has claimed in a report.
The Gautam Adani-led entity is redesigning its communication strategy and planning a redo of its brand image. Part of this is the recent hiring of Suhel Seth, a known name in this segment, to be brand consultant.
Adani Group, India’s energy giant, has committed the new investment worth INR 90+ billion ($1.39 billion) in the state at the Partnership Summit 2018, held at APIIC Ground, Harbour Park, Vishakhapatnam, Andhra Pradesh from February 24-26, 2018.
Adani Group on Saturday signed an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including development of a green field Port at Bhavanapadu, in next five years.
Adani Group today said it will invest Rs 35,000 crore in Uttar Pradesh over the next five years in various sectors.
The Australian government on Sunday ruled out financing for the railway project to link the Adani Group’s proposed $12 billion Carmichael coal mine project in Australia to a port.