Adani Plans Share Sale in Transmission Business

02 Aug 2024 CW Team

Adani Group is set to re-enter the equity market through a share sale of its transmission business. This move is part of Adani's strategy to raise funds and enhance its financial flexibility amid ongoing market dynamics and business expansion efforts.

The transmission business, which is a significant segment of Adani's infrastructure portfolio, will see a public offering of shares. The decision to list this segment reflects Adani's focus on capitalizing on its strong market position and the growing demand for infrastructure assets.

The funds raised from this share sale are expected to be utilized for further expansion and development projects within the transmission sector. This includes investing in new infrastructure, upgrading existing assets, and supporting the group's broader growth strategy.

This initiative is also anticipated to bolster investor confidence and provide a liquidity boost to the company's financials, enabling it to pursue new opportunities and strengthen its market presence.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..