ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

Portfolio Proliferation
ECONOMY & POLICY

Portfolio Proliferation

Gautam Adani, Founder and Chairman, Adani Group, heads the company, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects. The group in October had acquired a 46.64 per cent stake in engineering and co...

Gautam Adani, Founder and Chairman, Adani Group, heads the company, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects. The group in October had acquired a 46.64 per cent stake in engineering and construction firm ITD Cementation India for Rs.32.04 billion (bn). The company has also acquired a 30.07 percent stake in construction firm PSP Projects for Rs.6.85 bn, adding PSP Projectsâ€� robust $800 million (mn) order book to its growing portfolio. These transactions are a win-win deal for both parties. Officials from PSP Projects said with Adani’s acquisition, they expect their order book to grow as Adani portfolio companies are undertaking several projects in defence, airports and infrastructure. The company is also in the news for the indictment served by US Courts and the group cancelling its $600 mn bond sale.

Next Story
Infrastructure Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement