Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 26 per cent jump in its consolidated net profit to Rs.644.96 core for the quarter ended December 2015.
Tag: Adani group
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Business Acumen
Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.
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World Bank to probe IFCĂ´s role in Vizhinjam port project
World Bank GroupĂ´s audit arm, Compliance Advisor Ombudsman (CAO), has decided to probe whether IFC
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Rs.6,000-cr Vizhinjam project postponed
The Kerala Cabinet decided to postpone the announcement of final award of Vizhinjam International Seaport Project tender to the sole bidder Adani Group
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Adani plans Rs.20k cr clean energy park in Mundra
Adani Group plans to set up an Integrated Renewable Energy Park at Mundra in Kutch district, close to its port and SEZ. The park, if it comes into existence, would be the first of its kind and will need an investment of Rs 20,000 crore.
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Private players should infuse Rs.50,000 cr
At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.
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VOX POP
The Finance Minister has taken a very pragmatic approach and crafted a Budget in a manner which can provide a boost to both infrastructure and manufacturing which will create employment and also augment IndiaĂ´s competitiveness vis-a-vis its peers and at the same time adhered to the Prime MinisterĂ´s Ă´Make in IndiaĂ´ vision
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Adani to invest Rs.20,000 crore in Gujarat ports
Adani Group has announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 mt per annum by 2020. The investment is on the top of Rs 25,000-crore spending the group had announced on the first day of the Vibrant Gujarat Summit.
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Tata Power buys IdealĂ´s 540 MW plant in Nagpur
Tata Power has agreed to buy the entire stake in Ideal Energy Projects Ltd (IEPL) for an undisclosed amount. IEPL owns a 540-MW coal-based thermal power project near Bela village in Nagpur, Maharashtra, of which 270 MW was commissioned in May 2013
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Abhijeet Group plant up for sale
Banks are making a second attempt to sell Corporate Power Limited (CPL), an Abhijeet Group company, to recover their dues. Adani Group, India Power Corporation and JSW Power have evinced initial interest in the deal. The companies have purchased bid documents, which makes lenders hopeful that they may be taking part in the auction eventually.