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Adani Transmission acquires entire stake in KBSTPL

Adani Transmission has signed Share Purchase Agreement with KEC International (KEC) on November 03, 2018 for acquisition of its entire stake in KEC Bikaner Sikar Transmission (KBSTPL). KBSTPL is having an operational transmission line of 344 ckt. kms in the State of Rajasthan from Bikaner to Sikar. Adani Transmission is ... Read More »

Adani Ports incorporates WOS company

Adani Ports and Special Economic Zone (APSEZL) has incorporated a wholly owned subsidiary (WOS) company ‘Adani Mundra Port Holding’ on October 30, 2018. The company has incorporated WOS at Republic of Singapore for business purpose. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & ... Read More »

Adani Power reports 22% rise in Q2 consolidated net profit

Adani Power has reported results for second quarter ended September 30, 2018. The company has reported net loss of Rs 1.31 crore for the quarter under review as against net profit of Rs 261.86 crore for the same quarter in the previous year. Total income of the company decreased by ... Read More »

Adani Ports reports 39% fall in Q2 consolidated net profit

Adani Ports and Special Economic Zone has reported results for second quarter ended September 30, 2018. The company has reported a marginal rise of 0.84% in its net profit at Rs 687.56 crore for the quarter under review as compared to Rs 681.85 crore for the same quarter in the ... Read More »

Adani Green Energy incorporates wholly-owned subsidiary company

Adani Green Energy has incorporated a wholly-owned subsidiary company Adani Wind Energy (TN) on October 15, 2018. The object of the acquisition is to undertake business of generation of electricity from renewable sources of energy. Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy ... Read More »

Adani Enterprises’ arm incorporates wholly owned subsidiary

Adani Enterprises’ wholly owned subsidiary (WOS) — Adani Agri Logistics (AALL) — has incorporated a WOS namely, ‘Adani Agri Logistics (Darbhanga)’ (AALDL) on October 10, 2018. AALDL is yet to commence its business operations. AALDL is incorporated to develop, operate and maintain silos for storage of wheat at Darbhanga on ... Read More »