Thursday, April 24
Adani Energy Solutions won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year. In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore."This is the highest order book amongst all private sector transmission companies," the company filing claimed.The company has a transmission network of 26,485 ckm as of December 31, 2024 and includes operational, under-construction assets. I
NUUK, Greenland -- Greenland is ready to talk. Responding on Monday to the diplomatic earthquake set off last week by President-elect Donald Trump, who mused about taking over the gigantic island in the Arctic Ocean, Greenland's prime minister said the territory would like to work more closely with the United States on defense and natural resources. "The reality is we are going to work with the U.S. -- yesterday, today and tomorrow," Prime Minister Múte Egede said at a news conference in Nuuk, Greenland's tiny, icebound capital. But he was firm: Greenlanders did not want to become Americans. "We have to be very smart on how we act," he said, adding, "The power struggles between the superpowers are rising and are now knocking on our door." Trump refused to rule out using economic or milita
Indian manufacturing and logistics firm Zetwerk Pvt has picked banks for a potential Mumbai initial public offering that could raise at least $500 million, according to people familiar with the matter.The Bengaluru-based company has selected Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. as arrangers for the IPO, the people said. It could seek a valuation of around $5 billion in the share sale and aims to list as soon as this year, according to the people. Zetwork is backed by investors including Peak XV Partners and Lightspeed India Partners. Considerations on the IPO are preliminary and details such as size and timing could change, the people said, asking not to be identified because th
