Adani | Jotup

Aspen Technology Helps Adani Electricity Ensure Reliable Power Supply to Three Million Customers in Mumbai

Retrieved on:

Tuesday, February 27, 2024

Software, Utilities, Sustainability, Environment, Energy, Technology, Logistics, Supply Chain Management, Transport, OSI, Aspen Technology, ADMS, Electricity, SCADA, Acceleration, Adani, Wind, Renewable energy

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the implementation of its digital grid management solutions by Adani Electricity, a leading power company in India.

Key Points:

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the implementation of its digital grid management solutions by Adani Electricity, a leading power company in India.
With this implementation, Adani Electricity positions itself as a leader among the most advanced utilities in the region.
Said Kandarp Patel, Managing Director of Adani Electricity, “The launch of our Powai Network Operation Center with India’s first ADMS is a watershed moment for Adani Electricity and for Mumbai’s power landscape.
Adani Electricity’s service area covers 85 percent of Mumbai’s geography, serving almost 70 percent of its population.

Adani Promoters to Invest USD 1,125 million equity in Adani Green

Retrieved on:

Tuesday, December 26, 2023

Other Energy, Utilities, Sustainability, Environment, Finance, Alternative Energy, Energy, Professional Services, Adani Group, Growth, USD, TotalEnergies, Adani Green Energy, INR, EGM, Adani, Renewable energy

The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meeting (EGM) scheduled on 18 January 2024.

Key Points:

The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meeting (EGM) scheduled on 18 January 2024.
The funds shall be utilized for deleveraging and accelerated capital expenditure.
“India is on the cusp of becoming a global leader in renewable energy and Adani Green Energy is in the vanguard of this revolution,” said Mr Gautam Adani, Chairman of the Adani Group.
In addition, AGEL has announced USD 1.425 billion of equity capital (USD 1.125 billion from preferential issuance by promoters and USD 300 million from TotalEnergies JV), which translates to a capital raise of ~USD 3 billion.

Adani Portfolio Delivers Highest Ever EBITDA Growth, Jumps 47% y-o-y in H1FY24; Crosses Rs 43K Cr

Retrieved on:

Tuesday, December 12, 2023

The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.

Key Points:

The integrated business portfolio, which focusses on fortifying India’s infrastructure development, has delivered a strong performance across all its businesses.
During the period, the portfolio level EBITDA stood at Rs 43,688 Cr (USD 5.3 billion), up 47% YoY.
These businesses include the utility (Adani Green Energy, Adani Energy Solutions, Adani Power and Adani Total Gas), transport (Adani Ports & SEZ) and other infrastructure businesses (those being incubated by Adani Enterprises – green hydrogen integrated manufacturing, airports and roads).
The incubation under Adani Enterprises continues to progress well, with the assets contributing 8% of the overall EBITDA.

Adani Green Energy Ranks Among Top 3 Global Solar PV Developer

Retrieved on:

Wednesday, December 6, 2023

Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy solutions partner, has attained the remarkable position of the second-largest global solar PV developer, in Mercom Capital Group's latest Annual Global Report.

Key Points:

Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy solutions partner, has attained the remarkable position of the second-largest global solar PV developer, in Mercom Capital Group's latest Annual Global Report.
View the full release here: https://www.businesswire.com/news/home/20231206176370/en/
Adani Green Energy Ranks Among Top 3 Global Solar PV Developer (Graphic: Business Wire)
According to the report, AGEL's outstanding performance and contribution to the renewable energy landscape have earned it the prestigious second rank among the world's foremost solar PV developers.
With an impressive total solar capacity of 18.1 GW encompassing operational, under-construction, and awarded (PPA-contracted) projects, AGEL solidifies its significant position in the global solar energy sector.
The full report, Leading Global Large-Scale Solar PV Developers, is available here .

W.Media celebrates Mumbai: India's top data center destination

Retrieved on:

Wednesday, November 15, 2023

Mumbai has emerged as a data center destination of choice in India.

Key Points:

Mumbai has emerged as a data center destination of choice in India.
In fact, it was reported earlier this year that Mumbai has emerged as the third largest data center market in the Asia Pacific region.
Renowned data center consultant Mahesh Trivedi concurs, saying, "Both network and power are equally important for the data center business.
Mumbai is blessed with both compared to other metros, hence the demand for data center space in Mumbai is more than other cities."

W.Media celebrates Mumbai: India's top data center destination

Retrieved on:

Wednesday, November 15, 2023

Mumbai has emerged as a data center destination of choice in India.

Key Points:

Mumbai has emerged as a data center destination of choice in India.
In fact, it was reported earlier this year that Mumbai has emerged as the third largest data center market in the Asia Pacific region.
Renowned data center consultant Mahesh Trivedi concurs, saying, "Both network and power are equally important for the data center business.
Mumbai is blessed with both compared to other metros, hence the demand for data center space in Mumbai is more than other cities."

Adani Group Condemns Financial Times’ Malicious Campaign to Tarnish its Global Reputation

Retrieved on:

Tuesday, October 10, 2023

The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.

Key Points:

The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.
This is evident from a large set of queries shared by one of their reporters’ seeking responses from the Group.
It published a factually incorrect story regarding funds raised by the Adani Group.
Adani Group issued the following statement on 9 October 2023:
“There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group.

Narendra Modi's Independence Day speech sounded more like a snake oil salesman than a statesman

Retrieved on:

Tuesday, August 22, 2023

Narendra Modi’s tenth consecutive Independence Day speech as Indian prime minister, delivered from the Red Fort in Delhi on August 15, was long (90 minutes) and characteristically loaded with bombast.

Key Points:

Narendra Modi’s tenth consecutive Independence Day speech as Indian prime minister, delivered from the Red Fort in Delhi on August 15, was long (90 minutes) and characteristically loaded with bombast.
At times, he resembled the old snake oil salesman cliché: he proclaimed the success of his product and ignored its side effects.
He was vague on detail and tried to distance himself from any problems his policies had caused.
India’s Independence Day speech is supposed to celebrate freedom from British colonial rule which ended in 1947.

Rhetoric versus reality

Sadly but predictably, few media organisations were brave enough to point to the contrast between his rhetoric and reality when he listed his government’s successes.
A blatantly assertive Hindu supremacist vigilante mob culture is on display where hate speech against Muslims and Christians has become normalised.
Were Modi a statesman worthy of his position, he would have assured India’s minorities that they are equal rights-bearing citizens.
He would have refrained from platitudes about peace and the “Indian family” and rather spelled out policy proposals to tackle ethnic violence in Manipur.

Stump speech

Modi’s speech spent some time accusing his political opponents of the “three evils” his government had worked hard to eradicate.
It is significant that the day before his speech, the Nehru Memorial Museum and Library (named after India’s first and longest-serving prime minister Jawaharlal Nehru) was renamed Prime Minister’s Museum and Library.
Modi’s speech was nothing more than a stump speech for the 2024 election aimed firmly at the country’s Hindu majority.
Towards the end of his speech, Modi expressed his confidence that on August 15 2024, he would again address the country from the Red Fort after being reelected.

Luis de Guindos: Interview with Süddeutsche Zeitung

Retrieved on:

Monday, February 20, 2023

There are indeed some favourable developments which are alleviating the pressure of inflation, including the easing of energy prices you mention.

Key Points:

There are indeed some favourable developments which are alleviating the pressure of inflation, including the easing of energy prices you mention.
*Aren’t employees justified in asking for higher wages to offset inflation?
Parties in the ongoing wage negotiations are looking back to the high inflation of the past year.
But inflation will abate in the course of the year: we expect an average inflation rate of around 6% this year, with 3.6% in the last quarter.
The trade unions may, however, be inclined to ask for excessive pay rises.
*
If we enter into a wage-price spiral, the ECB will have to raise interest rates by more than would otherwise have been needed.
Governments need to offer support to those who are worst affected, by introducing targeted subsidies to mitigate the impact of inflation.
People could then reduce their wage demands and the ECB would not have to tighten its monetary policy so much.
But this inflation was caused by extraordinary shocks: the sudden reopening of the economy after the pandemic and the war against Ukraine.
The best thing we can do is to bring inflation back down to our target of 2% as soon as possible.
Their profit margins shot up recently, making them more resilient, partly due to higher interest rates.
We are of course keeping a close eye on the non-bank financial sector, or shadow banks.
Two years ago, for example, the difficulties at the private investment firm Archegos caused several banks to suffer major losses.

In a first, Adani to deploy Hydrogen-Powered Trucks

Retrieved on:

Tuesday, January 17, 2023

Transport, Adani Group, PEM, Mining, Ballard Power Systems, Hydrogen, AEL, Partnership, Ashok Leyland, Airport, Adani, Airline, Coal, Renewable energy

This collaboration marks Asia's first planned hydrogen powered mining truck.

Key Points:

This collaboration marks Asia's first planned hydrogen powered mining truck.
The demonstration project will be led by AEL, a company focused on both mining operations and developing green hydrogen projects for sourcing, transporting, and building out hydrogen refueling infrastructure.
"After signing an MoU with the Adani Group last year, we are eager to move our partnership forward and welcome the chance to cooperate with cutting-edge businesses like Adani," said Randy MacEwen, CEO, Ballard Power Systems.
"Ashok Leyland is excited to collaborate with Adani and Ballard to bring out fuel cell commercial vehicles in the mining and logistics sectors in India," said Dr. N. Saravanan, CTO, Ashok Leyland.