Adani Enterprises Plans Rs.8.5 Billion Investment

Adani Enterprises' Massive Investment

Adani Enterprises, led by billionaire Gautam Adani, is set to invest ?80,000 crore in the current fiscal year. A significant portion of this investment, approximately ?50,000 crore, will be allocated to Adani New Industries Ltd (ANIL) and airport projects. ANIL is focused on producing solar modules and green hydrogen, aiming to manufacture 10 gigawatts of solar modules and 3 gigawatts of wind turbines.

The investment plan includes ?12,000 crore for road development, particularly for the Ganga Expressway, ?10,000 crore for a new PVC project, and ?5,000 crore for data centres. This subst..

Adani Enterprises Q4 Profit Drops 38%

Adani Enterprises, a leading conglomerate in India, has reported a 38% decline in its fourth-quarter profit. The decrease is attributed primarily to challenges faced by its roads business segment, impacting the company's overall financial performance.

The decline in profit reflects the difficulties encountered by Adani Enterprises in its roads business, which has weighed on its earnings for the quarter. Despite strong performance in other sectors, the challenges in the roads segment have had a significant impact on the company's bottom line.

Adani Enterprises' financial results..

Adani Enterprises aims for 75% non-aero revenue share at airports

Adani Enterprises expressed its goal of increasing the non-aeronautical revenue share of its airport business to 75% in the forthcoming years, with the remaining portion generated from aeronautical services.

Major sources of non-aeronautical revenue for airport operators, such as food and beverage, retail outlets, lounges, and real estate, were highlighted. Adani Airport Holdings, the airport arm of Adani Enterprises, reported a 19% year-on-year increase in passenger traffic to 88.6 million during 2023-24 (April to March) across the seven airports under its management.

Aeronaut..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..