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Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.
The India Meteorological Department (IMD) predicts hot and humid weather conditions in Odisha till June 14, with temperatures soaring above 40 degrees Celsius and high humidity levels. Residents are advised to stay hydrated and avoid outdoor activities during peak hours. Thunderstorm activities with lightning may provide some relief in certain districts, but the overall discomfort is expected to persist. Stay updated with the latest weather forecasts from IMD.
In the recent elections, 8 candidates with criminal cases contested, with 4 winning and 4 losing. Get the details of the winners and losers in this article.
Adani Group, rebounding from market losses caused by a US short seller report in early 2023, is now on an "expansion spree," aiming for a USD 90 billion capex over the next decade. Jefferies reports a 40% YoY EBITDA growth, with focus on debt containment and fresh funds. Various Adani companies witnessed significant developments, including acquisitions, power plant commissioning, and renewable energy capacity addition.
Post the Hindenburg report, the group had erased close to USD 150 billion in its market value.