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Adani Enterprises to buy Kenya's Kipeto Energy for $250 million
Adani Enterprises, the flagship company of the Adani Group, has agreed to acquire a controlling stake in Kenya's Kipeto Energy for $250 million. The deal will give Adani Enterprises a 70% stake in Kipeto Energy, which owns and operates a 100-megawatt (MW) thermal power plant in Kenya.
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Adani Enterprises to invest $10 billion in renewable energy over the next decade
Adani Enterprises has announced plans to invest $10 billion in renewable energy over the next decade. The investment will be used to develop solar and wind projects in India and other countries. Adani Enterprises is already one of the largest renewable energy companies in India, with a portfolio of over 5,000 MW of renewable energy projects.
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Adani Enterprises reports strong financial results for the first half of fiscal 2023
Adani Enterprises has reported strong financial results for the first half of fiscal 2023. The company's revenue increased by 25% to Rs 22,625 crore, and its net profit increased by 42% to Rs 4,579 crore. The company's strong performance was driven by its businesses in mining, energy, and ports.
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Top 10 stock losers in Asia are all from India on tight election
A BSE Ltd gauge of state-run stocks dropped by as much as 20%. Shares of Adani Enterprises Ltd. and Adani Ports & Special Economic Zone Ltd. slumped more than 20%.
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Adani Group to invest Rs 57,575 crore in Odisha
The Adani Group has announced plans to invest Rs 57,575 crore in the state of Odisha over the next five to seven years. The investment will be made across various sectors, including ports, logistics, energy, and mining.
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Adani Enterprises Q3 results: Net profit rises 42% to Rs 2,769 crore
Adani Enterprises Ltd reported a 42% increase in its consolidated net profit to Rs 2,769 crore for the third quarter ended December 31, 2022.
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Adani Power to acquire DB Power for Rs 7,017 crore
Adani Power Ltd has entered into an agreement to acquire DB Power Ltd for Rs 7,017 crore. The acquisition will help Adani Power to expand its presence in the power generation sector.
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Top 10 stock losers in Asia are all from India on tight election
A BSE Ltd gauge of state-run stocks dropped by as much as 20%. Shares of Adani Enterprises Ltd. and Adani Ports & Special Economic Zone Ltd. slumped more than 20%.
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Adani Enterprises eyes 30% stake in ACC, Ambuja Cements
Adani Group is planning to acquire a 30 per cent stake in cement companies ACC and Ambuja Cements, which are part of Swiss building materials major Holcim Group, the company said in a stock market disclosure.
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Adani Enterprises raises Rs. 20,000 crore via share sale
Adani Enterprises has raised Rs 20,000 crore through a follow-on public offer (FPO), the company said in a stock market disclosure. The FPO was subscribed 1.12 times.
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Adani Enterprises to invest Rs. 50,000 crore in renewable energy
Adani Enterprises said it will invest Rs 50,000 crore over the next five years to expand its renewable energy business, which includes solar and wind power generation.