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.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..