Adani Enterprises likely to demerge airport business and list by 2027-28

Adani Enterprises intends to demerge its airport operations and list them independently by the fiscal year 2027–2028. This calculated action fits into the company's larger plan to boost productivity and increase shareholder value.

Adani Enterprises, which already manages seven significant airports in India, including those in Mumbai and Navi Mumbai, is growing its presence in the aviation industry. This demerger coincides with this growth. The corporation intends to increase service offerings and infrastructure in addition to making large investments in airport operations.The move to split off the airport company is consistent with Adani Group’s standard practice of nurturing ventures under Adani Enterprises until they are ready to be spun out into separate companies. The group’s growth strategy has always been characterised by this approach, which enables targeted management and investments in niche markets.

The proposed demerger is anticipated to set Adani’s airport operations up for future success as the country’s aviation sector is predicted to grow significantly. This would allow for more focused investments and operational approaches that are specifically designed to meet the demands of the aviation market.

Tata Power shares rise by 6% as the company launches production at India’s largest solar facility.

Tata Power has initiated production at its new 4.3 GW solar cell and module manufacturing plant in Tirunelveli, Tamil Nadu. This facility is the largest domestic single-location plant and utilizes advanced technologies to enhance solar cell efficiency. The ramp-up in production is expected to significantly strengthen Tata Power’s position in the renewable energy sector and support India’s solar energy goals

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The share prices of Patel Engineering and RVNL rose by more than 5% following the agreement to undertake electricity infrastructure projects.

According to RVNL, the primary goals of the MoU are to collaborate and provide a supportive environment in order to achieve synergies in hydroelectric and other infrastructure projects. The business recently defeated Southern Railway to get the lowest bid (L1) on a project worth more than ₹111.38 crore. The directive must be carried out, according to RVNL, within 18 months.

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