Following on the heels of its announcement to sell its transmission assets to Adani Group, Reliance Infrastructure today said it has signed a share purchase agreement with Adani Transmission for the sale of 100% of its Western Region System Strengthening Scheme Transmission Assets. “SPA for Parbati Koldam Transmission Company Limited (PKTCL) shall be executed upon […]
Infrastructure company Adani Enterprises Ltd said it commissioned India’s largest tracker-based solar power plant at Bhatinda in Punjab. The 100 megawatt plant is also the largest solar project in Punjab. Tracker plants are those with motorized panels that keep tracking the sun as it moves across the sky. Compared to fixed panels, tracking panels generate 30-35% […]
Nila Infrastructures Ltd said it got a Rs 43.5 cr order from Adani Ports and Special Economic Zone Ltd to construct an office building at Adani Shantigram, located on S.G. Highway, Ahmedabad. The contract envisages overall construction of ground + 13 floors + two basements covering about 300,000 sq. ft. built-up area and has to be […]
Reliance Infrastructure Limited today said it agreed to sell all itstransmission assets to Adani Transmission Limited, the largest private power transmission company operating in India. This acquisition is expected to be completed in current financial year. The entire sale proceeds shall be utilized for debt reduction, said the company. The transaction is in line with the strategic […]
Adani Ports and Special Economic Zone said it will acquire the company operating the Abbot Point Coal Terminal in Queensland for 19.25 mln Australian dollar (Rs 97 cr). Abbot Point has currently one operating terminal named Adani Abbot Point Terminal having firm take or pay contract for 50 mmtpa cargo. The terminal was acquired by […]
Adani Realty, the youngest arm of the Adani Group, announced its first commercial property project, ‘INSPIRE by Adani’, at Bandra Kurla Complex in Mumbai. The project will be spread across an eight Lakh sq.ft of built up area with G+10 floors with large and flexible floor plates along with landscaped terraces and breakout spaces, the […]
Adani Enterprises said its deal with US-based solar manufacturer SunEdison is still continuing, and no decision has been taken to annul it. The clarification came after widespread media reports that Adani Enterprises has canceled their agreement and the Indian company was on the lookout for a new partner for its solar venture. The deal with […]
Adani Ports and Special Economic Zone Limited, India’s largest port developer and part of Adani Group, reported a 17% jump in its total cargo volumes and a 32% increase in revenue during the first quarter Consolidated cargo across all ports handled by the company was 40 MMT in Q1FY16. In case of containers, the Mundra […]
Adani group has signed an agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India, a statement on behalf of the group said. The JV will be known as Adani Renewable Energy Park Rajasthan Ltd, will have a 50-50 equity […]
