Raising concerns about Adani Group’s fast expanding business empire CreditSights said that Adani Group is increasingly venturing into new and unrelated businesses
The total income of the company in the March quarter also increased to Rs 1,587 crore, from Rs 1,082 crore in the same period a year ago.
The company had on Monday entered the list of top-10 valued firms.
Among the firms led by the Ahmedabad-based Gautam Adani, the valuation for Adani Green Energy rose the fastest at 139 per cent to Rs 4.50 lakh crore, which catapulted it to the sixth spot from 16th just six months ago, the...
While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC were the laggards from the top-10 pack, ICICI Bank, SBI and Adani Green Energy were the gainers.
IHC will invest Rs 3,850 crore in Adani Green Energy Ltd (AGEL), Rs 3,850 crore in Adani Transmission Ltd (ATL), and Rs 7,700 crore in Adani Enterprises Ltd (AEL).
AHVL, it said, will commence its business operations in due course
Adani, the head of the ports-to-energy conglomerate Adani Group, is a close second with his wealth surging 153 per cent to $81 billion.
According to a company statement, rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, in multiple...
Adani Green Energy, a part of India-based Adani Group, has one of the largest global renewable portfolios with an overall portfolio of 20.3 GW 3 including...