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Adani Enterprises and IHC Group Company IRH to form a 50:50 Joint Venture for USD 11.5 Billion Aluminium Project, Positioning Odisha in the Global Aluminium Supply Chain

Adani Enterprises Limited (AEL) and International Resources Holding (IRH), an IHC Group company through 2PointZero,will form a 50:50 joint venture to develop a USD 11.5 billion integrated greenfield aluminium project in Odisha. The project comprises a 4 million metric tonnes per annum (MMTPA) alumina refinery, 2 MMTPA aluminium smelter and 1 MMTPA downstream manufacturing park, […]

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Adani Airports Unveils Integrated Airport City Development Spanning More Than 655 Acres Across Five States in India

The development spans over 655 acres across six airports in five states, including nearly 440 acres in Mumbai and Navi Mumbai, with approximately 22 million sq. ft. of mixed-use development planned in the first phase. Adani Airports will invest over ₹20,000 crore in the first phase to create integrated airport cities featuring hospitality, retail, business, entertainment and convention infrastructure. Inspired […]

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Adani Portfolio Delivers Highest Ever EBITDA Growth, Jumps 47% y-o-y in H1FY24; Crosses Rs 43K cr

H1 FY24 EBITDA of INR 43,688 crore (USD 5.3 billion), up 47% YoY—highest ever half-year growth Core infrastructure businesses that provide high degree of predictability, stability and multi-decadal visibility contributed 86% of total EBITDA Trailing-Twelve-Month EBITDA of Rs 71,253 crore (USD 8.6 billion), around 3x of FY19 EBITDA Enhanced liquidity position: highest ever Cash & […]