MUNDRA
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Tata Power says no provision needed for $650 million Kleros Award
Tata Power Company is currently not planning any financial provisions despite an adverse ruling from a Singapore court. The company believes they have a strong appeal against Kleros Capital Partners, who were awarded over $650 million. In the most recent quarter, Tata Power reported an all-time high consolidated net profit of ₹1,652 crore. Additionally, Tata Power's board has appointed Sanjay Banga as CEO-designate for the upcoming five years.
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO
Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.
Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years
Adani Enterprises intends to invest between Rs 35,000 crore and Rs 40,000 crore annually for upcoming years. The major areas of focus will be airports, data centres, and a PVC manufacturing complex. Recently, the company reported strong financial growth, with a notable increase in EBITDA and revenue. This investment cycle aims to enhance operational capabilities and generate returns from new assets.
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Centre proposes 10 new entry points for drug imports into India, Noida airport included
The Centre has proposed expanding India's authorised import network for pharmaceuticals and medical devices by adding ten new locations. These include Noida International Airport and several inland container depots across industrial hubs in India. This expansion aims to simplify the import process and reduce transportation costs for companies. The health ministry has invited public feedback on the draft amendment to Drugs Rules, 1945.
Punjab: Rahul Gandhi targets CM Bhagwant Mann over 'Nasha', says AAP govt run from Delhi
Rahul Gandhi launched the Congress campaign in Sangrur, criticizing Chief Minister Bhagwant Mann's handling of addiction issues. He claimed that Mann's alleged alcohol use undermines efforts to combat substance abuse in Punjab. Gandhi accused AAP leader Arvind Kejriwal of controlling the Punjab government from Delhi, asserting that the state needs local leadership. He also challenged Union Home Minister Amit Shah's promises regarding drug eradication by 2029.
Logistics links, shipping services emerge as key drivers for India's maritime growth: Report
India’s next phase of maritime growth will depend on improving logistics, inland connectivity and shipping services rather than simply expanding port capacity, according to a Ficci-Kearney report. Cargo handled at major and non-major ports rose 38% between FY18 and FY26, outpacing the 22% increase in capacity, while delays in moving goods after export approval account for 84% of measured export time.
Adani Ports makes $3.3 billion play for Evos Terminals
Adani Ports has submitted a binding $3.3 billion bid for Evos Terminals, a European liquid-storage operator with eight terminals across five countries, as it looks to expand overseas and build exposure to energy-transition infrastructure. The move follows APSEZ’s unsuccessful bid for Associated British Ports and reflects a broader push into global ports, container assets and liquid terminals.
Adani Enterprises Q2 net profit falls 55% despite 75% increase in revenue
Adani Enterprises saw a 55% drop in consolidated net profit for the September quarter. Revenue from operations increased by 75%, reaching ₹37,216 crore compared to the previous year. A notable decline in profit was attributed to an exceptional gain a year prior, while expenses rose sharply. The company plans to invest ₹35,000 crore to ₹40,000 crore annually in airports and data centres.
Adani Wind bags 696 MW turbine orders from 5 power producers, targets 10 GW capacity
Adani Wind has received significant orders for 696.2 megawatts of wind turbines from five power producers. The contracts involve projects in states such as Karnataka, Gujarat, and Maharashtra. Plans are in place to increase annual manufacturing capacity at its facility in Mundra from 2.25 GW to 5 GW. Additionally, the company aims for a long-term manufacturing capacity target of 10 GW.
Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crude
In September, Indian and other refineries exported 1 billion euros' worth of oil products made from Russian crude. This marked a 43 percent increase from August, highlighting growing trade. Refineries in India, Turkiye, and Brunei facilitated these exports, with India being a leading buyer of Russian fossil fuels. Notably, India's imports of Russian crude fell by 13 percent during the same month.
DP World bidding for all assets on offer: CEO Yuvraj Narayan amid West Asia conflict
DP World is increasing its focus on the Indian port sector to explore new opportunities. The company plans to expand its capacity at Tuna Tekra and aims to renew concessions in Mumbai and Mundra. Significant disruptions in West Asia have heightened global supply chain costs and influenced capacity planning within logistics. As companies shift away from just-in-time supply chains, larger inventories are now prioritized for resilience.
Astranova Mobility arm gets NBFC licence, targets Rs 5,000 cr AUM in 5 years
Astranova Mobility's lending subsidiary, Novafusion Capital, receives approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Institution (NBFC). The firm targets ₹5000 crore in assets under management (AUM) over the next five years, focusing on India's transition to electric mobility. The company highlights the country's requirement of $100 billion to transition its commercial vehicles to electric mobility.
Adani's Kutch Copper plans 115 MW renewable energy push at Mundra refinery
Kutch Copper Ltd, a part of Adani Enterprises, plans to integrate 115 megawatts of renewable energy into operations. The copper refinery in Mundra aims to expand from 500,000 tonnes to 1 million tonnes per annum. This expansion would make it the world's largest single-location custom smelter. Kutch Copper is committed to environmental stewardship by treating nearly all sulphur emissions and conserving water resources. The Adani Group has pledged USD 1.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
Captive coal plants asked to maximise output amid high power demand
India has invoked Section 11 of the Electricity Act to enhance power generation from captive coal-based power plants. The directive requires plants with over 50 MW capacity to operate at maximum availability. Electricity demand has risen significantly, leading to higher market prices for power. Captive coal plants mainly supply industries and are expected to contribute to the overall power supply.
DHL Express to raise shipment charges by 8.9pc in India starting January
DHL Express will increase its shipment charges in India by 8.9 percent starting January 1. This adjustment is necessary to address rising costs due to inflation and currency fluctuations. The company aims to maintain service reliability while enhancing its global operations. Additionally, ongoing labor market pressures also impact operational costs across various regions. DHL remains committed to investing in sustainable logistics and supporting its customers' needs.
India orders captive coal plants to maximise power output on surging demand
India has ordered more than 100 coal-fired power plants to operate at full capacity starting October 1, which is intended to meet rising electricity demand. The federal power ministry's directive covers plants with installed capacities of at least 50 megawatts. Nearly 40% of coal-fired plants have low fuel stocks amid increasing power needs due to El Nino.
Centre notifies India’s first mega ports: Adani’s Mundra among four to get new status
The Centre has notified four ports: Deendayal (Kandla), Jawaharlal Nehru (Nhava Sheva), Paradip and Adani Group’s Mundra, as ‘mega ports’, introducing the nomenclature for the first time. The status, valid for five years, is based on cargo handling thresholds of 150 MMT annually for bulk ports or 7.5 million TEUs for container ports.
Paradip Port gets 'Mega Port' status, only one on East Coast
Paradip Port has been designated as a Mega Port under the Indian Ports Act, 2025. This recognition is a significant milestone for its development and operational capabilities. The government’s decision aims to strengthen maritime connectivity and support infrastructure growth. Paradip Port's strategic location enhances its importance as a key gateway for trade. The designation is expected to promote its development as a globally competitive maritime hub.
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.
'BJP will once again form govt in UP with massive majority in 2027': Nitin Nabin
BJP National President Nitin Nabin expressed confidence during a two-day visit to Uttar Pradesh that the party will return to power with a "massive majority" in the 2027 State Assembly elections. Highlighting UP’s transformation under Chief Minister Yogi Adityanath from a state once associated with mafia activities to a hub for development, defense manufacturing, and technologies like AI and semiconductors, Nabin commended the leadership and public support driving the state forward.
Mundra Power Plant likely to run at full capacity till December
The power ministry is considering extending specific provisions to the Mundra power plant, allowing it to function at maximum capacity until December. This decision stems from the heightened power demands nationwide. Additionally, supplementary power purchase agreements are in the works with multiple states to address the ongoing energy shortages across the country.
Calcutta HC to hear Cong's Nandigram bypoll candidate's protection plea on September 22
The Calcutta High Court will hear Congress candidate Milan Pradhan's plea for protection. He seeks relief from coercive action in five additional criminal cases. Pradhan is already in judicial custody for five other registered cases. His arrest effectively ends his campaign for the Nandigram bypoll.
'Method Of Disenfranchising Indians': Congress slams SIR
The Congress party has criticized the Election Commission's voter list revision exercise. They allege this process is a method of disenfranchising Indian citizens. Large numbers of notices have been issued for discrepancies in voter details. The opposition claims this disproportionately affects disadvantaged sections of society. The Election Commission states the revision will cleanse the voter list of ineligible entries.
SC agrees urgent listing of Mamata Banerjee' s plea challenging EC's decision to freeze party name, symbol
The Supreme Court will urgently hear Mamata Banerjee's challenge. She contests the Election Commission's decision to freeze the Trinamool Congress party name. The poll panel had previously barred both factions from using the party's symbol. This interim order came after hearing leaders from the rival groups.
"Drug fight should begin from Mundra Port, not Punjab": says AAP National Convenor Arvind Kejriwal
Arvind Kejriwal stated the drug fight should start from Gujarat's Mundra Port. He reacted to BJP chief Nitin Nabin's remarks on Punjab's anti-drug campaign. Nabin launched a 13-day 'Nasha Mukt Punjab Yatra' from Pathankot. The BJP's campaign aims to disrupt drug supply networks and aid rehabilitation.
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