Adani Groups

Anil Ambani-led Reliance Infrastructure has approached the Mumbai Centre for International Arbitration against Adani Transmission. The Reliance owner filed an arbitration claim of Rs 13,500 crore against Adani’s power distribution arm over breach of terms of a December 2017 share purchase deal. Notably, power businesses including generation, transmission and distribution in Mumbai were transferred to the Adani Group for Rs18,800 crore. The… read-more

After the halt of NDTV takeover under SEBI Act, the Adani Group led by Gautam Adani said, "RRPR is not a party to the SEBI Order dated 27th November 2020. Consequently, the restraints as pointed out by RRPR in paragraphs 111(b) and 112 of the SEBI Order do not apply to RRPR." The statement came as a counter to a letter issued by NDTV, stating SEBI prohibited aquisition by RRPR.

Aiming to provide green energy, the MVA-led Maharashtra government's Energy department signed an MoU with Adani Green Energy Group Ltd (AGEL), on June 28. As per the agreement, the duo will generate 11000 MW of green power in the next five years, with an investment of Rs 60,000 crore, providing 30,000 jobs. The Maharashtra Energy department released an official statement and said, it will help non-conventional energy-resource in immediate… read-more

According to a press release, the Adani Group acquires Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai. Adani owns a 74% stake in MIAL. Meanwhile, in addition to the six airports, Adani now possesses MIAL. The multinational conglomerate will control 25% of the passenger traffic and 33% of India's air freight, making it India's largest airport infrastructure company.

India-based Adani Ports and Special Economic Zone Ltd will be delisted from S&P Dow Jones's sustainability index before April 15. The decision has been taken because of the firm's association with the human rights violation-accused Myanmar military. Reportedly, a $290-million port is being constructed by the company on the military-backed corporation land. However, the company has not issued any comment on the delisting yet.