SBI to turn down Adani's $1 billion loan request: Sources
State Bank of India (SBI)is preparing to turn down a $1 billion loan request from Adani Enterprises intended for a $7 billion coal project in Australia, scrapping a preliminary deal signed last year, sources with direct knowledge of the move said.
Mar 13, 2015, 17:27 PM IST
Queensland govt clears Adani, GVK projects in Australia
Queensland's new government on Wednesday announced a fresh deal with Adani and GVK, clearing plans by two Indian firms to expand the port for coal projects in Australia.
Mar 11, 2015, 12:39 PM IST
Adani, GVK win Australian state backing to expand coal port
Queensland`s new state government on Wednesday cleared plans by two Indian companies to expand a port for coal projects that are opposed by green groups worried about pollution and damage to the Great Barrier Reef.
Mar 11, 2015, 09:34 AM IST
SBI to soon take call on Adani's $1 billion loan for Australian project
State Bank of India is in the process of completing the due diligence for the controversial USD 1 billion (Rs 6,200 crore) loan to Adani Group for its Australian mining project and take a final call on it soon.
Feb 17, 2015, 15:46 PM IST
Adani to go ahead with projects in Australia despite govt change
In a statement, Adani Group said that the election result does not influence the company's financial decision making.
Feb 05, 2015, 17:48 PM IST
Adani Enterprises soars nearly 10%; hits 52-week high in intra-day
Shares of Adani Enterprises surged nearly 10 percent Friday after diversified Adani group announced demerger of all ports and power assets into two already listed firms.
Jan 30, 2015, 22:50 PM IST
Adani Ports Q3 net up 14% at Rs 512 cr
Adani Ports and Special Economic Zone Wednesday reported 13.66 percent jump in consolidated net profit to Rs 512 crore for third quarter ended December 31, on the higher income.
Jan 28, 2015, 18:39 PM IST
Adani Powers posts Rs 429 crore quarterly loss
Adani Power Wednesday reported a consolidated net loss of Rs 429 crore in the three months ended December 2014, as lower tariff and limited domestic coal availability took a toll on the bottom line.
Jan 28, 2015, 18:26 PM IST
Adani to invest Rs 20,000 crore in Gujarat ports in next 5 years
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tonnes per annum by 2020.
Jan 12, 2015, 18:59 PM IST
Adani, SunEdison to invest Rs 25,000 cr in Gujrat
Adani Enterprises and US-based SunEdison will invest about Rs 25,000 crore to set up a solar park in Gujarat that will create 20,000 new jobs.
Jan 11, 2015, 21:41 PM IST
Adani Group, Woodside sign pact on LNG sourcing and marketing
Business conglomerate Adani Group has signed an agreement with Australian energy major Woodside for sourcing of LNG as well as cooperation in oil and gas exploration and production.
Jan 11, 2015, 19:01 PM IST
Adani, POSCO tie-up for new terminal in Aus to export coal
Adani Group's Australian subsidiary today said it has signed an MOU with a South Korean steel giant for the construction of a new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.
Dec 17, 2014, 16:48 PM IST
SBI to take final call on $1 billion loan to Adani in 3 months
SBI had last month signed the pact with Adani Group on the sidelines of Prime Minister Narendra Modi's visit to Australia.
Dec 07, 2014, 14:46 PM IST
SBI loan to Adani group figures in Rajya Sabha
SBI sanctioning USD 1 billion loan to Adani group's coal project in Australia was today raised in Rajya Sabha by Derek O'Brien (TMC), who said it smacks of crony capitalism.
Nov 27, 2014, 13:46 PM IST
Adani Power buys Avantha's 600 MW plant for Rs 4,200 crore
This is the second acquisition by Adani Group since it bought the Rs 1,200 MW coal-fired Udupi plant from the debt-laden Lanco Infra for Rs 6,000 crore in August.
Nov 24, 2014, 23:34 PM IST
Adani Power shares up nearly 3% on Avantha deal
Shares of Adani Power Monday rose by nearly 3 percent after it entered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.
Nov 24, 2014, 17:10 PM IST
Govt has no role in SBI's $1 billion loan to Adani Group: BJP
Steering clear of any controversy over grant of USD 1 billion loan by SBI to Adani Group, BJP Thursday said the deal is between the bank and industry and the government has no role in the matter even as the ruling party hit out at Congress for dragging the Prime Minister into it.
Nov 20, 2014, 21:54 PM IST
SBI defends loan to Adani, says money disbursal after scrutiny
Amid controversy over sanctioning a USD 1 billion loan to Adani Group, SBI Thursday said it has only signed a preliminary MoU and will disburse the money only after proper due diligence.
Nov 20, 2014, 18:38 PM IST
Adani's Australian mine project cleared; India to provide $1 bn loan
The Adani group welcomed the decision of the Queensland government to clear the project in the Galilee basin that will ensure that one of the mega mines proposed by the company and GVK gets a clearance next year.
Nov 17, 2014, 16:57 PM IST
Queensland to announce major investment in rail infrastructure
Queensland Premier Campbell Newman, who held talks with Prime Minister Narendra Modi here last night, said he was prepared to invest in capital works to ensure that the projects get off the ground.
Nov 17, 2014, 10:51 AM IST
