Ambuja Cements to raise funds from Adani Group

11 Oct 2022 CW Team

All resolutions in Ambuja Cements' EGM, including those to raise Rs 200 billion from an Adani group company and appoint Gautam Adani and others to the board of directors, have been approved by shareholders.

With 91.37% of the vote, the Extraordinary General Meeting (EGM) approved the special resolution that sought to raise Rs 200 billion by issuing securities on a preferential basis to Harmonia Trade and Investment, a member of the Adani group.

The shareholders also adopted resolutions appointing four independent directors, two directors, and the chairman of the Adani Group, Gautam Adani, to the board of Ambuja Cements.

All special motions concerning the nomination of impartial directors, the revision of the Articles of Association (AoA), and the transfer of the company's registered office to Adani Corporate House in Ahmedabad were also passed by the shareholders.

Also read:
JSW Cement secures Rs 4 billion sustainability-linked loan
Swiss agency moots LC3 tech for cement industry

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..