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Search resuls for: "India's Adani"


6 mentions found


☆ Work on India's Adani port to resume after fishermen suspend protests
  + stars: | 2022-12-07 | by ( Jose Devasia Munsif Vengattil | Jose Devasia | Munsif Vengattil | ) www.reuters.com   time to read: +3 min
[1/2] Police officers stand guard near the barricades during a protest rally by the supporters of the proposed Vizhinjam port project in the southern state of Kerala, India, November 30, 2022. An Adani Group official who declined to be identified said construction would restart on Thursday. The port has strategic importance for both India and Adani, an ally of Prime Minister Narendra Modi and Asia's richest man. The Adani Group says the port complies with all laws and has cited studies that show it is not linked to shoreline erosion, which the Kerala government says is due to natural causes. Adani has previously faced protests in Australia, where environmental activists protested against his Carmichael coal mine project in the northeastern state of Queensland.
☆ Deadlock deepens at Adani's south India port as protesters block trucks
  + stars: | 2022-11-26 | by ( Jose Devasia Munsif Vengattil | Jose Devasia | Munsif Vengattil | ) www.reuters.com   time to read: +3 min
[1/2] Police officers are deployed as fishermen protest near the entrance of the proposed Vizhinjam Port in the southern state of Kerala, India, November 9, 2022. "We won't let them in," a protestor was seen screaming at police officers near the port entrance site. The Adani Group has said the project was in full compliance with all laws and that many studies in recent years have rejected allegations linking the project to shoreline erosion. The Kerala state government says erosion has occurred due to natural disasters. A previous attempt by Adani in October to move trucks out of the port also failed.
☆ TotalEnergies leads Shell, BP in renewables race, but shares sag
  + stars: | 2022-11-07 | by ( Ron Bousso | ) www.reuters.com   time to read: +3 min
REUTERS/Stephane MaheSummarySummary Companies TotalEnergies has largest renewables operationsBut European energy giants' shares trail U.S. rivalsLONDON, Nov 7 (Reuters) - French energy giant TotalEnergies (TTEF.PA) has pulled ahead of rivals Shell (SHEL.L) and BP in the race to build up a renewables business, data collected by Reuters shows. BP, Shell and TotalEnergies have all set out ambitious plans to shift towards low-carbon and renewable energies in the coming decades in an effort to slash greenhouse emissions to net zero. BP, by comparison, has so far built 2GW of operating renewables capacity, partly through its 50% stake in Lightsource BP, one of the world's top solar producers. Shell's net capacity is slightly higher at 2.2GW, with acquisitions including U.S. producer Savion and Indian renewables platform Sprng Energy earlier this year. TotalEnergies aims to have 100GW of gross renewables capacity by 2030 while BP targets 50GW of net renewables.
☆ India's Adani Group continues to seek equity partners, says CreditSights
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
NEW DELHI, Nov 7 (Reuters) - India's ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the Group's elevated leverage. The Group, led by Asia's richest person Gautam Adani, is looking to expand its presence in power generation and infrastructure and ventured into cement-making operations earlier this year. Chairman Adani said late in September that the group will invest more than $100 billion over the next decade, most of it in the energy transition business. Adani Group did not immediately respond to a Reuters request for comment. CreditSights added that the group continues to seek strategic equity partners that are aligned with its long-term investment strategy, such as sovereign wealth funds, and also maintains strong relationships with existing partners.
☆ India appoints Anil Chauhan as chief of defence staff
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: 1 min
India's Adani Group to invest over $100 billion in next decade, article with imageIndia · September 27, 2022India's Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.
☆ India's Adani pledges shares of ACC, Ambuja Cements worth about $12.5 billion
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Amit DaveBENGALURU, Sept 20 (Reuters) - India's Adani Group has pledged shares worth about $12.5 billion in two cement units, days after the conglomerate controlled by billionaire Gautam Adani completed the purchase of stakes in those businesses from Switzerland's Holcim (HOLN.S). The pledged shares of ACC and Ambuja were worth around 989.46 billion rupees based on Monday's closing prices and accounted for a 57% stake in ACC (ACC.NS) and a 63% stake in Ambuja Cements (ABUJ.NS). (https://bityl.co/EZE6) (https://bityl.co/EZEE)Deutsche Bank AG's Hong Kong branch, which is the agent for the pledged shares in ACC and Ambuja, made the disclosure in filings to India's stock exchanges. Register now for FREE unlimited access to Reuters.com RegisterThe group in May announced the acquisition of Holcim's cement businesses in India for $10.5 billion to become the country's No. read more($1 = 79.7210 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Chris Thomas in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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