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Adani Cement or Adani Cement Industries Limited (ACIL) is a cement company based in Gujarat, India. It was incorporated by Adani Group on June 11, 2021. [25] Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations.
Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.
The Adani group became India's largest private coal mining company after Adani Enterprises won the Orissa mine rights in 2010. [29] Operations at the Port of Dahej commenced in 2011 and its capacity subsequently grew to 20 Mt. The company also bought Galilee Basin mine in Australia with 10.4 gigatonnes (Gt) of coal reserves. [30]
India's opposition Congress party leader Rahul Gandhi, center, addresses the media on Indian businessman Gautam Adani, after Adani was indicted by U.S. prosecutors on charges he duped investors in ...
The Adani Group has denied the allegations, calling them "baseless". "All possible legal recourse will be sought," it said in a statement. Shares of Adani Enterprises, the group's flagship firm ...
The report was released ahead of Adani Enterprises' follow-on public offering, which opened on Friday, 6 pm, 27 January 2023. [47] The Adani Group's CFO (Jugeshinder 'Robbie' Singh) [48] stated that the timing of the report's publication was a "brazen, mala fide intention" to damage the offering. [47]
SINGAPORE/NEW DELHI (Reuters) -India's parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over bribery allegations against the Adani Group and Adani ...
NEW DELHI (Reuters) -Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions ...