Adani Group to invest in Azerbaijan’s mining & petrochem projects

30 Jan 2023 CW Team

The ports-to-energy conglomerate, Adani Group is considering mining and petrochemical projects in Azerbaijan as it attempts to grow outside of India. According to a statement from the President of Azerbaijan's office, Adani met with President Ilham Aliyev of Azerbaijan in Davos. The expansion of Azerbaijan's economy, the potential for cooperation with the Adani Group in the petrochemical, mining, and metallurgical industries, as well as other areas of mutual interest, were all topics of discussion during the talk, according to the statement.

Adani has been rapidly diversifying its business in recent years, growing an empire that is centred on ports and coal mining to encompass airports, data centres, cement, and green energy. The Azerbaijani government released a statement saying, “According to Gautam Adani, the firm has vast experience in the fields of port management, transport and transportation in India and other regions of the world and has made direct investments in these fields in a number of nations. The parties agreed to conduct reciprocal visits of delegations and to hold comprehensive discussions on future collaboration.”

The two parties underlined that Azerbaijan is the initiator of the East-West and North-South transport corridors, and one of the major transport logistics hubs and looked into possible areas of cooperation in this regard. In the context of the East-West transit corridor, they also recognised the importance of the Middle Corridor via Azerbaijan. The Trans-Caspian East-West Corridor is crucial to reviving the ancient Silk Road. It travels via train and road routes across Georgia, Azerbaijan, and the Caspian Sea and heads in the direction of China through the route Turkmenistan, Uzbekistan, Kyrgyzstan, and Kazakhstan.

Real Estate

03 Dec 2025

Noida Office Rentals Rise 18% in Six Years, Prime Districts up 29%: C&W

Noida’s office market has recorded an 18 per cent rise in average rentals over the past six years, underscoring the city’s growing appeal as a corporate hub, according to a new report by Cushman & Wakefield.In its study, Noida – Runway for Growth, the consultant noted that prime locations such as Sector 16 and Film City logged a sharper 29 per cent jump in rents, reflecting sustained demand and improving business infrastructure. As of September 2025, Noida’s office stock stands at 43.4 million sq ft, including 26.6 million sq ft of Grade A+ space.The report shows average rentals no..

Mount K Kapital Launches Rs 40-Bn Second Fund for Pan-India Real Estate Bets

Mount K Kapital, the realty-focused investment platform backed by the Rustomjee Group, has raised its second real estate fund of about Rs 40 billion, marking a major scale-up in its investment strategy.Binita Dalal, founder and managing partner, said the fund will finance 10–15 projects currently being identified across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune. The vehicle—supported by strong but undisclosed general and limited partners—will step in at the acquisition stage and continue funding through the development cycle in partnership with developers.Dalal ..

Kesar India Buys Key Nagpur Land for Major High-rise Project

Kesar India has expanded its national footprint with the acquisition of a 24,256 sq m land parcel in Hingna, Nagpur, paving the way for a large mixed-use high-rise development. With an estimated development potential of over 1.50 million sq ft, the project will cater to the city’s growing need for integrated residential and commercial spaces.The company expects the development to generate around Rs 9 billion in revenue, reinforcing its growth plans in one of Maharashtra’s fastest-expanding urban centres. The acquisition also strengthens its project pipeline as it continues to build a prese..