In a bid to acquire Bidvest’s 13.5 per cent in Mumbai International Airport, Adani Group has entered into a share purchase agreement with the company and has now secured its claim over the shares following an extension of the payment of purchase amount deadline from September 30 to November 7.
A new commercial airport will be developed in Kutch, Gujarat, after the Union Environment Ministry gave it a green nod following consultations from a panel of experts. Estimated to be worth Rs 14 billion, the project will be built by Mundra International Airport.
The frontrunner of Adani Group, Adani Enterprises (AEL), has committed a hefty investment of Rs 100 billion in the airport business through its subsidiary Adani Airports by 2026.
Adani Group has received approvals to develop a new container terminal in Myanmar, as the company is in planning to spread its port operations beyond the Indian shores. This will be Adani's second international port after Australia.
The company is reportedly planning to move the court as the Letter of Award
Adani Group and Welspun Group are reportedly setting up logistics parks on Hyderabad’s outskirts.
Adani Group will be reportedly setting up an integrated cement plant at Lakhpat in Gujarat as part of $7.7 bn investment in multiple projects in Gujarat.
Adani Group has launched its luxury residential project Atelier Greens in Pune. Spread across 3 acre, the project comprises 256 units of two, 2.5 and three-BHK configurations, and will be ready for possession by 2021.
A MoU has been signed between the Andhra Pradesh Government and Adani Group to build data centre parks in and around Vizag over the next 20 years with an investment of Rs 700 bn.
On the inaugural day of the Vibrant Gujarat Summit 2019, investment proposals attracted by the port and port-led development sector received investment intentions worth Rs 36.128 billion.
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