Adani Archives - Lanka Business News

April 7, 2025

A Landmark Achievement in India–Sri Lanka Maritime Partnership Editor’s Synopsis The first fully automated terminal in Colombo Port is now operational, setting new standards in reliability and performance. The Colombo West International Terminal (CWIT) will significantly enhance Colombo Port’s capacity and ease congestion, boosting overall efficiency. The CWIT project is expected to generate employment and […]

April 7, 2025

07th April 2025: Sri Lanka’s economic recovery faces significant foreign direct investment (FDI) setbacks as the 44% tariff imposed by the Trump administration threatens the country’s vital apparel export sector. The recent news coupled with the withdrawal of India’s Adani Group from key energy projects signals a loss of high-value FDIs. At a time when […]

April 4, 2025

04th April 2025: A comprehensive analysis of the Adani Green Energy’s proposed wind power project in Mannar reveals that the initially agreed tariff rate of 8.26 US cents per kWh is economically justified and potentially beneficial for Sri Lanka’s energy sector in the long run. According to reporting by the Daily Mirror[1], despite […]

April 2, 2025

02nd April 2025: India’s Adani Green Energy Ltd (AGEL) has announced plans to add a staggering 3 GW of renewable energy capacity by December 2025. Regrettably, Sri Lanka’s hesitancy and slower adoption of green energy policies pose significant missed opportunities for economic growth and energy independence. AGEL, part of the Adani Group conglomerate, […]

March 24, 2025

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Partners with Indo-German Chamber of Commerce (IGCC) to Develop an Industry-Ready Workforce Ahmedabad, 19 March 2025: In alignment with Chairman Gautam Adani’s social philosophy सेवा साधना है, सेवा प्रार्थना है और सेवा ही परमात्मा है, the Adani Group has launched a nationwide initiative to strengthen India’s workforce by introducing the country’s largest ‘Skill and Employ’ […]

March 20, 2025

Adani Green Energy SL Ltd. wishes to categorically refute rumours circulating about claimed changes to its renewable energy agreement in Sri Lanka. Claims suggesting that we have offered to revise the pricing to 7 cents per kilowatt-hour are entirely false and without foundation. We remain fully committed to the original terms of the agreement as […]

February 26, 2025

26th February 2025: Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees ($12.7 billion) of new investments in India, signaling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-meters and […]

February 21, 2025

Adani Portfolio Companies are entering a new phase of significant capital expenditure (Capex), akin to the high Capex period from FY20 to FY22 Editor’s synopsis Trailing-twelve-month (TTM) EBITDA at INR 86,789 crore, up 10.1% YoY Core infrastructure businesses (utility, transport, and incubating infra businesses under Adani Enterprises Ltd) accounted for 84% of total EBITDA Sufficient […]

February 20, 2025

Editor’s Synopsis: India’s Vehicle-Mounted Counter-Drone System was launched at Aero India 2025 under a public-private partnership. Developed under DRDO’s Transfer of Technology (ToT) framework, the system strengthens India’s self-reliance in defence and enhances protection against asymmetric drone threats. The unveiling reinforces India’s position as a global defence leader, showcasing indigenous technological advancements in aerospace and […]

February 18, 2025

18th February 2025: Last week, India’s Adani Green Energy, which has proposed to set up 484 MW Renewable Energy Wind Farms at Mannar and Pooneryn along with transmission system at an investment of ~$1 billion, said it is “respectfully” withdrawing from the said project. This is a huge setback for the nation which is trying […]

Adani’s Colombo Terminal Commences Operations

Trump’s 44% tariff and Adani withdrawal seen as double blow to Sri Lanka’s economic recovery

The economic case for Adani’s original Mannar Wind Project rate Sri Lanka could save $280M annually with Adani’s Wind Project despite rate concerns

Sri Lanka misses green energy wave as Adani plans massive renewable expansion in India

Adani Launches India’s Largest ‘Skill and Employ’ Initiative to Power the ‘Make in India’ Vision

Official Statement: Clarification on status of Adani Green Energy Project in Sri Lanka

Adani Plans $13 Billion of New Investments in India Growth Push

Adani Portfolio delivers Highest Ever TTM EBITDA of INR 86,789 crore

Adani Defence & Aerospace and DRDO Unveil India’s Vehicle-Mounted Counter-Drone System at Aero India 2025

Adani project not fructifying means economic loss, not gain