adani
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Business
Adani Electricity announces cash tender offer to buyback up to USD 120 Mn bonds
Adani Electricity Mumbai Limited launches cash tender offer up to USD 120 million of the outstanding USD 1,000 million senior secured notes due 2030. Company will fund tender offer through internal accruals and cash surplus. Purpose is to demonstrate strong financial stability and liquidity position of the company. Buyback will stabilize current yields, which are distorted in volatile market…
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Business
With 48% Y-o-Y growth, Adani Ports and Special Economic Zone Ltd (APSEZ) Delivers Record Cargo Volumes in October
APSEZ records its highest ever monthly cargo volumes of 37 MMT, with ~36 MMT contributed by its ports in India. Haifa Port handled marginally higher volume in October vs. the past months APSEZ has handled 240 MMT of cargo in the initial 7 months of FY24 vis-à-vis its full year cargo volume guidance of 370-390 MMT Logistics business continues to…
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Business
Adani Power Reports Stellar Q2 FY24 Results: Revenue Soars 61%
Consolidated power sale volume at 18.1 Billion Units (BU) in Q2 FY24, up by 65% from 11 BU in Q2 FY23 due to improved power demand and higher operating capacity. Consolidated continuing total revenue for Q2 FY24 higher by 61% at Rs. 12,155 Crore vs Rs. 7,534 Crore in Q2 FY23; mainly due to greater sales volumes. Consolidated continuing EBITDA…
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Business
Adani Total Gas Ltd (ATGL) Reports Impressive Q2 & H1FY24 Results with Record EBITDA
Ahmedabad: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the Half Year ended and quarter ended 30th September 2023. “ATGL has shown continuance of all round strong performance in our core CGD business. The volumes have increased by 9% during the first half year of this financial year resulting…
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