Adani Group and Wilmar International may sell 13% stake in JV

19 Jul 2024 CW Team

Billionaire Gautam Adani and Singapore-based food processing giant Wilmar International are in early discussions with banks to sell a minority stake in their consumer joint venture, Adani Wilmar. This move aims to help the company comply with shareholding regulations, according to sources familiar with the matter.

The owners are considering selling equal stakes totalling 13% in Adani Wilmar, valued at approximately $670 million. The sale could occur in the coming months. Shares of Adani Wilmar have declined 7% this year, bringing the company's valuation to about $5 billion.

The stake sale could be executed in one or multiple tranches, depending on investor interest. Adani and Wilmar have until February next year to reduce their combined holding to 75%, in line with SEBI regulations. Details such as the size of the stake sale and its timing are still being finalised. Representatives for Adani Group and Wilmar International declined to comment, and Adani Wilmar did not provide an immediate response. (Source: ET)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..