Adani Archives - Lanka Business News

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 […]

February 17, 2025

Partners with Singapore’s ITE Education Services Donates INR 2,000 Cr to build industry-ready talent pool Plans world’s largest skill academy, with 25,000 learners annually 17th February 2025: In line with Adani Group Chairman Gautam Adani’s social philosophy सेवा साधना है, सेवा प्रार्थना है और सेवा ही परमात्मा है, the Adani Group has partnered with ITE Education Services (ITEES) of Singapore to build a skilled talent […]

February 11, 2025

To Build Two 1,000-Bed Multi-Super-Specialty Hospitals and Medical Colleges in Mumbai & Ahmedabad Mayo Clinic, the world’s largest integrated not-for-profit medical group practice, will provide technical expertise in healthcare excellence Ahmedabad, 11 Feb 2025: Gautam Adani, Chairman of the Adani Group, has announced the launch of Adani Health City (AHC) integrated health campuses, to be […]

January 30, 2025

30th January 2025: The US Department of Justice’s (DoJ) indictment of Indian billionaire Gautam Adani is a strategic blunder with severe geopolitical consequences, leading American publication Forbes has said. In an article titled ‘The US Harms The West’s Alliances With A Far-Flung Indictment In India,’ the author, Melik Kaylan, argued that the indictment, which alleges […]

January 26, 2025

Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading. We categorically state that the project has not been cancelled. The Sri Lankan Cabinet’s decision of 2 Jan 2025 to reevaluate the tariff approved in May 2024 is part of a standard review process, particularly with […]

December 16, 2024

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The Colombo West International Terminal (CWIT) project, led by Adani Ports and SEZ, continues to advance as planned despite recent developments, with the company announcing it will self-finance the $700 million venture. The decision comes after withdrawing from a previously pledged $553 million loan from the US International Development Finance Corporation (DFC), demonstrating Adani’s robust […]

November 18, 2024

Dr Naresh Bana Over the last few weeks, it is noticed that an alarming narrative being built, which initially took life in social media but soon has found its way to mainstream media as well. A couple of social media handles began sharing their (ill-informed) concerns that the Adani Group, to which the Bangladesh government […]

September 24, 2024

The financing will accelerate ATGL’s CGD Network Infrastructure Development program Expansion to cater to over 200 million people covering 14% of India’s population Ahmedabad, 20 September 2024: Global lenders have provided financing to India’s leading City Gas Distribution (CGD) company, Adani Total Gas Ltd (ATGL). ATGL has entered into an overall financing framework which enables ATGL […]

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

Adani to Develop India’s Largest ‘Skill and Employ’ Program to Support ‘Make in India’

Adani to Partner Mayo Clinic to Establish Affordable, World Class Healthcare Facilities

US DoJ indictment against Adani a ‘strategic blunder,’ risks damaging India-US ties: Forbes

Adani Denies Cancellation of Project

Adani’s Colombo Port project advances, Minister says set to boost Sri Lanka’s economy

Adani’s Bangladesh Situation has No Co-relation with Sri Lanka

Adani Total Gas Secures Largest Global Financing in the City Gas Distribution Business