BOM:512599

Adani Enterprises Ties Up With US-Based Jabil to Build AI Data Center Infrastructure Platform in India

India's Adani Enterprises (NSE:ADANIENT, BOM:512599) has partnered with U.S.-based electronics manufacturer Jabil to build a large-scale artificial intelligence (AI) and data center infrastructure manufacturing platform in India, according to an official statement on Monday.The proposed platform will target multi-gigawatt AI rack manufacturing capacity and cater to hyperscale cloud providers, colocation operators, and enterprise data centers worldwide. It will manufacture high-density AI racks, servers, storage systems, networking equipment, and supporting power and cooling infrastructure, the statement said.Shares of the company gained over 1% in morning trade Tuesday.

Adani Enterprises JV AdaniConneX Buys Madhuvanti Build Estate for INR7.65 Billion

AdaniConneX, a joint venture company of Adani Enterprises (NSE:ADANIENT, BOM:512599), has acquired a 100% equity stake in Madhuvanti Build Estate, according to a Thursday filing with Indian stock exchanges.The shareholding in the infrastructure developer has been acquired from Adani Infra (India) for 7.65 billion Indian rupees.Madhuvanti owns a land parcel and has secured key licenses to commence infrastructure activities, which would give AdaniConneX a head start, the company said. Madhuvanti has not yet commenced commercial operations.

Adani Enterprises Arm Completes Acquisition of Real Estate Developer Portus Ventures

Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has completed the acquisition of a 100% stake in real estate developer Portus Ventures, according to a Tuesday filing to the Indian stock exchanges.Earlier this week, Adani Airport agreed to acquire Portus Ventures for 140,000 Indian rupees.Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

Adani Enterprises Arm to Acquire Portus Ventures

Adani Airport City, a step-down subsidiary of Adani Enterprises (NSE:ADANIENT, BOM:512599), has agreed to acquire a 100% stake in real estate developer Portus Ventures for 140,000 Indian rupees, according to a Monday filing to the Indian stock exchanges.The transaction is expected to be completed by June 17.Portus was incorporated in 2024 to undertake real estate activities with owned or leased property, construction of buildings, hotels and motels, and resorts providing short-term lodging facilities. It has not yet started business operations.

Adani Enterprises Agrees to $275 Million Settlement with US Treasury

Indian conglomerate Adani Enterprises (NSE:ADANIENT, BOM:512599) has entered into a $275 million settlement with the U.S. Department of the Treasury's Office of Foreign Assets Control over a matter relating to alleged sanction violations, according to a Monday filing to the Indian stock exchanges.The matter concerned 32 apparent violations involving the import of Iranian liquefied petroleum gas (LPG) through the Mundra Port in Gujarat.The company bought LPG originating from Iran from a Dubai trader, despite sanctions placed by the U.S. on the purchase of natural gas from Iran. The trader had claimed the supplies came from Oman and Iraq.Adani has not admitted to any wrongdoing on its part in the disclosure."OFAC determined that red flags should have put AEL on notice that the LPG actually originated from Iran, and that the Company did not voluntarily self-disclose the apparent violations of Iran-related sanctions and that the apparent violations constitute an egregious case," Adani Enterprises said in a statement.

Jefferies Adjusts Adani Enterprises' Price Target to INR2,800 From INR2,600, Keeps at Buy

Adani Enterprises Swings to Consolidated Loss in Fiscal Q4

Adani Enterprises (NSE:ADANIENT, BOM:512599) booked a consolidated net loss attributable to the owners of 2.21 billion Indian rupees in the fiscal fourth quarter, compared with a net profit of 38.4 billion rupees a year ago, according to an Indian bourse filing on Thursday.Loss per share for the quarter ended March 31 stood at 1.71 rupees, compared with earnings per share of 32.02 rupees a year earlier.The conglomerate's revenue from operations, however, jumped year on year to 324.4 billion rupees from 269.7 billion rupees, the filing said.Adani Enterprises' board recommended a dividend of 1.30 rupees per share for the fiscal year ended March 31. The dividend will be paid on or after June 30 to shareholders of record June 12.

Adani Enterprises Forms Three Subsidiaries for Real Estate Activities

Adani Airport City's step-down subsidiary, Adani Enterprises (NSE:ADANIENT, BOM:512599), has incorporated three wholly owned subsidiaries, according to a Saturday filing to the Indian stock exchanges.The company's shares were up over 1% in Monday's trade.The three new companies, Adani Navi Mumbai Airport City, Adani Guwahati Airport City, and Adani Ahmedabad Airport City, will be engaged in real estate activities. They will own or lease properties, construct buildings on an own-account basis or on a fee or contract basis, and operate hotels with integrated restaurants, banquets, and business centers.They have been incorporated with a paid-up share capital of 1 million rupees, each of 100,000 equity shares of 10 rupees apiece.

Adani Enterprises Incorporates Four Units; Shares up 3%

Adani Enterprises (NSE:ADANIENT, BOM:512599) has incorporated four wholly owned subsidiaries to undertake real estate, construction and hospitality activities, according to an Indian bourse filing on Saturday.Shares of the company rose nearly 3% in Monday's trade.The new entities are named Adani Mangaluru Airport City, Adani Jaipur Airport City, Adani Lucknow Airport City and Adani TRV Airport City, the filing said.