Gautam Adani Overtakes Mukesh Ambani as Asia’s Richest
Gautam Adani has now overtaken Mukesh Ambani to become Asia’s richest person, signifying another change in the region’s wealthy hierarchy. According to recent reports, Adani’s net worth has increased to approximately $92.6 billion, surpassing Ambani’s fortune of nearly $90.8 billion. Although the difference between the two entrepreneurs is slim, the recent change is indicative of…
Shipra Prajapati
Adani Group’s $15 B Push to Modernise India’s Airport Network
Adani Group has unveiled an ambitious plan to shape India’s aviation landscape, with a $15 billion investment to expand and modernise its airport network by 2030. As one of the largest private airport operators, Adani Group currently manages key airports including Mumbai, Lucknow, Ahmedabad, Guwahati, Jaipur, Thiruvanthapuram and Mangaluru. This investment marks a strong push…
Adani Defence to invest ₹10,000 Cr to Expand Manufacturing
Adani Group, led by Gautam Adani, and Adani Defence & Aerospace are planning to triple their investment over the next few years, initiating a massive increase across major ammunition and defence manufacturing segments, according to a company official. The group is all set to invest ₹10,000 crore across various defence and aerospace businesses over the…
Adani Opts for Arbitration in Bangladesh Dispute
Adani Power in India announced on Monday that it has opted for an international arbitration process to settle disputes over Bangladesh’s power supply payments. The company has been at odds with the Bangladesh Power Supply Board over pending payments for the electricity it supplies as part of the 2017 pact signed by both parties. “There…
Sumit
Adani, L&T & Many Others Bid For Fifth-Gen Fighter Jet
The Defence Ministry of India received bids for the Advanced Multirole Combat Aircraft Programme from seven Indian companies to develop and produce next-generation fighter jets. All the leading manufacturers are vying for the opportunity to participate in this massive project. According to the insiders, Adani Defence, Tata Advanced Systems Ltd, HAI, Kalyani Strategic Systems, and…
Himanshu
L&T Grabs 6,400 MW Thermal Power Deal from Adani PowerÂ
Larsen & Toubro Ltd. (L&T) has been awarded a contract of 6,400 MW of new generation capacity for eight thermal Power units from Adani Power Ltd., announced on Monday. The Contract has been categorised under the ultra mega category through L&T, indicating that the order value is more than Rs. 15,000 crores. Adani has placed…
First Hydrogen-Powered Truck Installed by Adani for Mining
The renowned Adani Group has installed India’s first Hydrogen-Powered Truck for mining Logistics at the Chhattisgarh Coal mine, which marks a major shift in sustainable mining and the adoption of green hydrogen. Adani Enterprise’s Hydrogen-Powered Truck is a milestone development in India’s logistics. It will benefit commercial mining operations and is crucial to decarbonising industrial…
Abdullah Ansari
Adani Green Energy Exits Sri Lanka’s $442M Project
Adani Green Energy shared on Thursday, February 13, 2025, that it has exited Sri Lanka’s $442 million power project. The company exited after the new Sri Lankan government decided to negotiate tariffs and make a modification to the accord. The company shared that it’s still committed to Sri Lanka for any future collaboration if the…
ABHYUDAYA MITTAL
Adani Energy Solutions Bags A Project Worth ₹25,000 Cr
In a major win, the Adani-Groups AESL (Adani Energy Solutions) secured the ₹25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) HVDC (High Voltage Direct Current) project. It’s the largest project for the company to date. Bhadla Fatehpur-HVDC Project was formally handed over to AESL on January 20, 2025. Adani Energy Solutions shared that it won the project…
Adani Enterprises’ $2 Billion Deal For Fund Inflow
On Monday, Adani Enterprises Limited (AEL) announced that it would exit from the joint venture with Wilmar International Limited under a $2 billion deal, ending a 26-year joint venture. The fund inflow from this deal is expected to address the group’s liquidity requirements. Adani Enterprises stated, “AEL will use the proceeds from the sale to…
