Adani ports to repurchase Rs 23 billion of 2024 bond

28 Sep 2023 CW Team

Adani Ports and Special Economic Zone has announced its intention to repurchase up to $ 195 million worth of its 2024 bonds. This move comes as the Indian conglomerate, backed by billionaire Gautam Adani, aims to put behind the accusations made by a US shortseller. The 3.375% notes experienced their most significant increase in value since April when it was revealed that the company would be willing to pay $975 for every $1,000 in principal for debt submitted for redemption by October 11. Subsequently, the offer price will decrease to $ 965 per $ 1,000. Adani Ports stated that it would finance this repurchase using its cash reserves and clarified that the targeted bond has $520 million in outstanding principal. In recent months, the Adani group has been working to restore investor confidence, particularly following the publication of allegations of wrongdoing by shortseller Hindenburg Research, which had triggered a sell-off in both its bonds and stocks. Adani officials have consistently refuted these allegations.

Infrastructure Energy

08 Jun 2026

India Adds Record 44.61 GW Solar Capacity in FY2026

India’s solar sector reached a milestone in FY2026, with cumulative installed capacity crossing 150 GW and annual additions hitting a record 44.61 GW, exceeding the government target of 34 GW and nearly doubling FY2025’s 23.83 GW. Distributed Renewable Energy contributed 16.3 GW, while PPA and C&I segments accounted for 34 per cent and 30 per cent, respectively.India has risen from 9th globally in 2015 to 3rd in cumulative solar capacity by 2025 and is set to become the world’s second-largest solar market in annual installations in 2026. Seven states, led by Rajasthan and Gujarat, ac..

Abhee Ventures unveils Scottish-themed 45-acre township in Bengaluru

Abhee Ventures, a leading South Indian real estate developer, has announced “Codename New Dimension,” a 45-acre Scottish-themed residential township at Gunjur on Whitefield–Sarjapur Road, Bengaluru. Strategically located between Whitefield and Sarjapur Road, Gunjur benefits from strong connectivity to the Outer Ring Road IT corridor, ITPL, EPIP, the upcoming Dommasandra Metro Station, and the proposed SWIFT City and Peripheral Ring Road.The township, designed in collaboration with London-based UHA London and India’s RSP Architects, offers low-density living with 85 per cent open spaces..

BPE launches world’s thinnest Active Tile for legacy data centres

Best Power Equipments (India) Pvt Ltd (BPE), a leading provider of power solutions, data centre systems, and Battery Energy Storage Systems (BESS), has launched the BPE Active Tile, the world’s thinnest active tile designed for legacy data centres and telecom infrastructure. At just 65 mm thick, the tile requires significantly less space than conventional active tiles, which need nearly 450 mm floor depth.“Most legacy data centres were built decades ago for lower IT loads and traditional airflow patterns,” said A Prabhu, Executive Director – Technical (Global Operations), BPE. “As ra..