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IREDA Bonds Gain Tax Benefits to Promote Green Energy
Banking, Business, Market News - July 9, 2025

HDFC Bank Anchors ₹532 Crore Bond Issue for Adani Group’s Power Transmission Arm

HDFC Bank Anchors ₹532 Crore Bond Issue for Adani Group’s Power Transmission Arm

HDFC Bank has facilitated a ₹532 crore funding round for WRSS XXI (Part), a special purpose vehicle (SPV) within the Adani Group’s transmission portfolio. The bond issue, structured to refinance external borrowings, underlines the ongoing shift in India’s infrastructure funding strategies, with domestic institutions playing an increasingly central role in supporting long-term capital requirements.

HDFC Bank Leads the Charge

In this transaction, HDFC Bank served as both the lead arranger and a principal investor. The bank invested ₹159.6 crore of its own capital in the ₹532 crore bond issue. The remaining portion was raised from additional investors, with Darashaw & Co stepping in to manage a ₹100 crore slice as a co-arranger. The involvement of such high-profile participants reinforces investor confidence in Adani Group’s infrastructure projects, particularly in the regulated transmission segment.

Bond Details and Financial Strategy

The bond issue is structured with a maturity of 18 years, extending up to 2043, and carries a fixed interest rate of 7.70% per annum. The long-term nature of the bond matches the lifecycle of infrastructure assets like power transmission lines, which generate predictable revenue over extended periods.

The instrument has been assigned a AAA rating, reflecting the issuer’s strong financial profile and low credit risk. Proceeds from the issue are being used to refinance existing external commercial borrowings (ECBs) taken earlier by the SPV. By shifting from foreign currency debt to Indian rupee-denominated bonds, the company aims to reduce exposure to currency volatility and interest rate fluctuations abroad.

About WRSS XXI and Its Role

WRSS XXI (Part) is one of several SPVs set up under the Adani Transmission umbrella to build and operate electricity transmission lines. These projects are vital for ensuring stable power supply across regions and for connecting renewable energy sources to the national grid. The company focuses on strengthening transmission infrastructure in Western India, facilitating better electricity flow between states and enhancing grid reliability.

This refinancing effort reflects a conscious move toward financial efficiency. By tapping into the domestic debt market, the SPV secures long-term funding aligned with the project’s operational lifespan, while also mitigating risks tied to foreign borrowing.

Investor Appetite and Institutional Trust

The fact that one of India’s top private sector banks has taken a lead role in both arranging and investing in the bond highlights growing institutional faith in the Adani Group’s utility ventures. While the group has faced criticism and scrutiny in global financial circles over the past two years, core infrastructure businesses like power transmission continue to command interest from serious investors.

A combination of strong credit ratings, a stable business model, and assured cash flows from regulated operations makes transmission SPVs attractive to banks, mutual funds, and other long-term investors. With a 7.70% coupon rate, the bond provides an attractive yield, especially in today’s prevailing interest rate scenario.

Advantages of Domestic Refinancing

By substituting foreign borrowings with rupee bonds, WRSS XXI reduces its dependence on overseas lenders and shields itself from exchange rate risk. Additionally, long-tenor debt minimizes the need for frequent refinancing and aligns well with regulatory frameworks that support long-term infrastructure investments.

Domestic capital raising also resonates with broader policy goals set by financial regulators and the government, who are encouraging corporates to access local funding avenues. This strategy not only supports financial stability but also nurtures the growth of India’s bond markets.

Strategic Implications for Adani Group

This transaction fits into Adani Group’s larger efforts to optimize its capital structure and reassure stakeholders. Since early 2023, the conglomerate has steadily worked on reducing debt, diversifying its financing channels, and bringing more transparency to its funding mechanisms.

Projects like WRSS XXI provide predictable returns, regulated tariffs, and long-term revenue visibility, making them ideal candidates for bond market participation. Raising funds through such mechanisms enhances financial discipline while freeing up capital for new investments in energy and infrastructure.

Conclusion

HDFC Bank’s ₹532 crore bond arrangement for Adani Group’s WRSS XXI represents a key step forward in India’s evolving infrastructure finance landscape. It reflects the growing reliance on domestic funding options for long-term projects and signals a maturing bond market ready to support critical infrastructure development.

The deal demonstrates how well-structured, asset-backed bonds with strong credit profiles can attract top-tier investors and reduce reliance on external borrowing. For Adani Group, this successful transaction reinforces the resilience of its core infrastructure business. For HDFC Bank, it further establishes the institution’s role as a reliable partner in financing India’s economic growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Euro-Zone Bond Yields Rise as Markets Await US Tariff Decision

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Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector
business update, Markets - July 5, 2025

Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector

Gautam Adani’s conglomerate places a multi-crore bid to acquire Jaiprakash Associates, outpacing rivals and reshaping the landscape of cement and infrastructure in India.

Introduction
In a pivotal moment for India’s corporate and infrastructure landscape, the Adani Group has emerged as the frontrunner in the insolvency-driven sale of Jaiprakash Associates Limited. The conglomerate’s aggressive bid, which ranges from ₹12,500 crore to as high as ₹16,000 crore according to various reports, signals its intent to consolidate its position in the cement and infrastructure sectors. With JAL’s vast portfolio of assets and a debt burden exceeding ₹57,000 crore, the outcome of this process is being closely watched by industry stakeholders, creditors, and investors alike.

The Bidding War: Who’s in the Fray?
The insolvency process for JAL, initiated under the Insolvency and Bankruptcy Code (IBC), has attracted several heavyweight bidders. Alongside Adani, other major contenders include:
• Dalmia Bharat: Reportedly placed a bid of around ₹11,000 crore, with potential adjustments depending on the outcome of ongoing land disputes.
• Vedanta Group: Submitted a bid of approximately ₹13,600 crore, but with conditions linked to the resolution of legal issues.
• Jindal Power and PNC Infratech: Also in the running, with bids ranging from ₹9,500 crore to ₹10,300 crore.
The CoC, comprising major lenders like the State Bank of India, Punjab National Bank, ICICI Bank, and IDBI Bank, is currently evaluating these offers, seeking the best possible recovery for creditors.

What Makes Jaiprakash Associates So Valuable?
JAL’s asset portfolio is both diverse and substantial, spanning:
• Cement Plants: The company operates four key manufacturing units across Uttar Pradesh and Madhya Pradesh, offering a total production capacity of 5.6 million metric tonnes annually, backed by twelve leased limestone quarries.
• Real Estate and Hospitality: Prestigious properties like Jaypee Greens in Greater Noida, Wishtown in Noida, and the Jaypee International Sports City, as well as hotels in Delhi-NCR, Agra, and Mussoorie.
• Strategic Location: Many assets are situated near key infrastructure projects, such as the upcoming Jewar International Airport.
This broad asset base makes JAL an attractive acquisition target for any conglomerate seeking to expand its footprint in cement, infrastructure, and real estate.

The Adani Advantage: Why This Bid Matters
Adani Group’s bid is not just about acquiring distressed assets; it is a calculated move to fortify its position as a dominant player in the cement sector. In recent years, Adani has made significant acquisitions in this space, including Ambuja Cements and ACC. The addition of JAL’s cement assets would further bolstucture, logistics, and energy businesses.
Additionally, Adani’s offer Adani’s market share and production capacity, enabling greater synergies across its infrastrer is said to feature a significant upfront payment exceeding ₹8,000 crore, reflecting both strong financial backing and intent for a prompt settlement. This approach has resonated with several members of the CoC, who are keen to maximize recovery and ensure the long-term viability of JAL’s operations.

Legal and Financial Hurdles
Despite the scale of the offers, the final outcome hinges on several unresolved issues:
• Land Disputes: A significant legal challenge involves nearly 1,000 hectares in Noida’s Sports City, with the Supreme Court’s decision expected to influence the final bid values and structure.
• Creditor Claims: With total claims exceeding ₹57,000 crore, the CoC must balance the interests of multiple stakeholders, including banks and asset reconstruction companies.
• Stock Performance: Amid acquisition talks, JAL’s shares have experienced sharp declines, reflecting market uncertainty and the company’s financial distress7.

What’s Next? The Road to Resolution
The CoC is set to negotiate with all major bidders, potentially inviting revised offers as legal and regulatory clarity emerges. Once a preferred bidder is selected, the resolution plan will require approval from the National Company Law Tribunal (NCLT), marking the final step in the insolvency process.

Conclusion
Adani Group’s takeover attempt of Jaiprakash Associates could reshape the contours of India’s corporate restructuring landscape. If successful, the acquisition will not only reshape the cement and infrastructure sectors but also set a benchmark for future insolvency-driven consolidations. As the process unfolds, all eyes remain on the CoC’s decision and the broader implications for India’s economic revival.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Northward Drive: Ashok Leyland Eyes Bigger Slice of India’s Trucking Market

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IREDA Bonds Gain Tax Benefits to Promote Green Energy
Equities, Market News, Markets - July 3, 2025

Adani Electricity Boosts Investor Confidence with $49.5M Bond Buyback

Adani Electricity Boosts Investor Confidence with $49.5M Bond Buyback

With this latest move, Adani Electricity Mumbai has repurchased a total of $169.5 million out of its $1 billion bonds, signalling a strong commitment to deleveraging and efficient capital management.

Summary:
Adani Electricity Mumbai Ltd. (AEML), part of the Adani Group, has executed a buyback of $49.5 million worth of dollar-denominated bonds, adding to a previous $120 million repurchase in November 2023. This cumulative buyback of $169.5 million, part of the initial $1 billion issuance, demonstrates the company’s strategy to lower debt, improve credit metrics, and strengthen investor confidence in the face of global economic uncertainty. The move underscores the group’s broader shift toward financial prudence while maintaining operational growth in India’s critical power infrastructure sector.

In a clear demonstration of fiscal prudence and commitment to deleveraging, Adani Electricity Mumbai Ltd. (AEML) has repurchased $49.5 million worth of debt bonds from the international market, continuing its focus on balance sheet strengthening. This buyback follows an earlier repurchase of $120 million in November 2023, bringing the total debt buyback under the $1 billion bond program to $169.5 million.
This move comes at a time when Indian corporates, particularly those with exposure to foreign currency borrowings, are navigating a turbulent macroeconomic environment marked by rising interest rates, currency fluctuations, and growing investor scrutiny. AEML’s timely intervention signals not just a tactical financial move but also a broader strategy of long-term sustainability and risk mitigation.

Background: A Billion-Dollar Bond Program
AEML had initially issued $1 billion in foreign currency bonds to global investors, which were listed on international exchanges. These bonds, which attracted considerable interest from global asset managers and sovereign funds, were meant to support the company’s capital expenditure and refinance existing liabilities.
The issuance allowed the company to tap into lower international borrowing rates and diversify its funding base beyond domestic avenues. However, with global financing conditions tightening and a growing emphasis on ESG (Environmental, Social, Governance) practices, the company has shifted focus towards early redemptions and capital optimization.

Strategic Importance of the Buyback
Bond buybacks, especially in large infrastructure firms, are seen as strong indicators of:
Improved cash flow health
Reduced interest burden
Better debt-equity ratios
Enhanced investor sentiment
Adani Electricity’s latest buyback reaffirms its ability to generate consistent cash flows from its regulated power distribution business in Mumbai, which services over 3 million consumers, including households, businesses, and industries.
“The bond buyback demonstrates our commitment to financial stability and prudent capital allocation. We are focused on long-term value creation and maintaining a strong credit profile,” said a senior AEML spokesperson.

Market Implications and Rating Perspective
The buyback is expected to have a positive impact on AEML’s credit metrics, potentially influencing future rating outlooks by agencies such as Moody’s, Fitch, and S&P. Credit rating agencies typically view such voluntary buybacks favourably, as they suggest robust liquidity positions and a proactive approach to managing financial obligations.
In an environment where many global firms are struggling with refinancing due to elevated borrowing costs, AEML’s move sets a benchmark for proactive debt management among Indian corporates.

Part of a Larger Group-Wide Shift Toward Prudence
The Adani Group, post the Hindenburg report in early 2023, has undertaken significant steps to deleverage and rebuild global investor trust. Since then, several group entities including Adani Ports, Adani Green, and Adani Transmission have either prepaid loans or slowed down capex plans to strengthen their financial foundations.
AEML’s buyback complements this broader narrative of the group pivoting from aggressive expansion to strategic consolidation and sustainable growth. The group is increasingly aligning itself with global expectations around transparency, governance, and risk management.

Operational Strength Supports Financial Flexibility
AEML is a regulated electricity distribution utility, operating in one of India’s most commercially important urban centers—Mumbai. The company enjoys steady revenues through multi-year tariff orders regulated by MERC (Maharashtra Electricity Regulatory Commission), and minimal payment risk due to a well-diversified and premium-paying consumer base.
Its operational strengths include:
>99.9% network reliability
Digital-first customer service models
Sustainable power sourcing (including from Adani Green)
Robust infrastructure with minimal AT&C losses (~6%)
These operational advantages have helped the company maintain steady cash flows, enabling flexibility in capital allocation, including debt buybacks and infrastructure investments.

Looking Ahead: What This Means for Investors
For fixed-income investors and equity stakeholders alike, AEML’s latest action provides several takeaways:
Reinforces management’s commitment to reducing debt burden
Indicates improved financial liquidity
This signals a lower refinancing risk, especially for dollar-denominated liabilities
Enhances investor confidence in the overall Adani Group’s financial strategy
Going forward, analysts expect AEML to continue pursuing selective buybacks and interest-saving initiatives, especially as global interest rates remain volatile and inflationary pressures persist.

Conclusion: A Quiet Yet Powerful Statement
While not grabbing headlines like mega capex announcements or IPOs, Adani Electricity’s $49.5 million bond buyback is a strategically sound move that reflects financial maturity and foresight. In a time when global capital is becoming more selective, such actions help attract patient, long-term capital, especially for core infrastructure businesses.
As the Adani Group continues to navigate the path of resilience and responsibility, such disciplined moves may lay the groundwork for sustained investor trust, improved credit access, and a healthier financial ecosystem for India’s infrastructure giants.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Genus Power Aims for 1.5M Smart Meters Monthly!

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Adani Group Emerges as Leading Contender for Jaiprakash Associates: A Game-Changing Bid in India’s Infrastructure Sector
Business, Market News - June 24, 2025

Adani Deploys India’s First Standalone 5 MW Green Hydrogen Plant in Gujarat

Adani Deploys India’s First Standalone 5 MW Green Hydrogen Plant in Gujarat

Adani Group has achieved a major breakthrough by setting up India’s first standalone 5 MW green hydrogen facility in Kutch, Gujarat. This innovative facility, developed by Adani New Industries Limited (ANIL), signals a major breakthrough in India’s renewable energy efforts and highlights Adani’s commitment to clean fuel alternatives.

Pioneering India’s Green Hydrogen Future

The newly commissioned green hydrogen plant operates completely off-grid, drawing its power solely from solar energy. Supported by an integrated Battery Energy Storage System (BESS), the facility ensures smooth and continuous operations despite the fluctuating nature of solar power. This pioneering setup demonstrates how green hydrogen can be produced efficiently without relying on the traditional electricity grid, making it possible to deploy such plants in remote or less connected regions.

The plant is equipped with an advanced closed-loop electrolyzer system, which automatically regulates its functions based on real-time solar energy availability .In this method, water is split into hydrogen and oxygen using renewable energy, guaranteeing the production of completely green hydrogen without any carbon emissions. This method not only meets the growing demand for cleaner fuels but also serves as a model for future decentralized green hydrogen projects across India.

A Step Towards National Energy Goals

Adani’s green hydrogen plant strongly supports the Indian government’s National Green Hydrogen Mission, which is focused on positioning India as a key global hub for green hydrogen production and export. This mission is essential for India’s long-term energy security and for achieving net-zero carbon emissions by the year 2070.

Green hydrogen is crucial for cutting emissions in hard-to-decarbonize sectors such as steel, cement, refining, fertilizers, and heavy transportation. Adani’s project provides practical evidence that decentralized hydrogen generation is possible, especially in areas with limited access to reliable electricity. The plant sets a new direction for future green hydrogen initiatives that can be established even in challenging terrains.

Adani’s Long-Term Expansion Plans

The 5 MW plant in Kutch is part of Adani’s larger vision to build an extensive green hydrogen ecosystem in India. Adani New Industries Limited has already started working on a massive green hydrogen hub in Mundra, Gujarat. The plant is expected to manufacture green hydrogen along with green ammonia, methanol, and sustainable aviation fuel (SAF), aiming to cater to both local industries and global demand.

Adani aims to achieve an annual green hydrogen production capacity of one million metric tonnes by the year 2030 as part of its long-term vision. This ambitious target will not only reduce India’s dependence on imported fossil fuels but also position India as a significant player in the global green hydrogen economy.

Advanced Technology and Environmental Benefits

The integration of solar power with a BESS at Adani’s Kutch plant ensures continuous green hydrogen production, even when sunlight levels change throughout the day. The plant’s fully automated system can dynamically adjust electrolyzer operations according to solar power availability, maximizing efficiency and maintaining operational safety.

By using renewable energy as its sole power source, this plant significantly reduces greenhouse gas emissions. Currently, much of the hydrogen used in industries is produced from fossil fuels, known as grey hydrogen, which contributes heavily to carbon emissions. The green hydrogen produced by Adani’s plant offers a sustainable alternative that can support India’s transition to cleaner industrial processes.

Strengthening India’s Clean Energy Leadership

This new achievement further reinforces Adani’s strong position in driving India’s renewable energy progress. The company has already made substantial progress in solar and wind energy, and its expansion into green hydrogen is a natural step in its clean energy strategy.

The off-grid model demonstrated by the Kutch plant is particularly important for India, where certain regions still lack stable grid infrastructure. This approach offers a flexible and scalable solution that can be replicated across various parts of the country, enabling green hydrogen production even in remote or challenging environments.

Conclusion

Adani’s commissioning of India’s first standalone 5 MW green hydrogen plant in Gujarat is a significant achievement that supports both national and global clean energy goals. The project not only showcases cutting-edge technology but also provides a practical pathway for decentralized green hydrogen generation. By leading this transformation, Adani is setting the foundation for a greener, more energy-secure future for India.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ACME Solar Arranges ₹1,072 Crore Funding for Rajasthan Solar Project

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Adani Group Stocks Rally on SEBI Relief, Investors Watch Pending 22 Orders for Clarity
business update - June 12, 2025

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

With an eye on infrastructure, energy, and metals, Adani Group plans major investments and restructuring while managing debt and long-term capital needs.

Ambitious ₹2.5 Trillion Blueprint for Growth

Adani Group is preparing for a major investment cycle, targeting nearly ₹2.5 trillion in funding over the next five years. This initiative is part of its larger $100 billion capital outlay aimed at strengthening core operations and refinancing substantial maturing debt.

The funding will primarily support two objectives: continuous capital expenditure for business expansion and refinancing existing liabilities. Approximately ₹1.6 trillion of debt is set to mature between FY26 and FY30, prompting the group to secure funds through a mix of internal cash flows and fresh borrowings.

The conglomerate is strategically allocating funds across its flagship sectors to ensure continued dominance and financial stability as part of a broader, future-ready vision.

Core Operational Focus: Power and Infrastructure

Sagar Adani, Executive Director at Adani Green Energy and a prominent leader within the group, reaffirmed that Adani Group’s operational strength rests on two central verticals: energy utilities and infrastructure development.

These two pillars form the base around which the rest of the group’s diversified businesses are structured. According to Adani, this focused approach grants the group a significant cost advantage—particularly visible in sectors like cement, where costs for energy, transportation, and raw materials form a major part of overall expenses.

The group leverages its expansive logistics network and energy capabilities to streamline operations across its business verticals, translating to improved efficiency and competitive pricing.

Expanding into Metals and Clean Energy

The Adani Group is also aggressively pursuing growth in metals and renewable energy, aligning with both global trends and national priorities. A key milestone in this direction has been the inauguration of a 0.5 MTPA copper smelter at Mundra, which is expected to double its capacity to 1 MTPA in the near future. The facility relies on imported copper concentrate, primarily sourced from Chile.

In addition, the group is eyeing bauxite mining projects to secure raw material for aluminium production. These operations are expected to benefit from the group’s ability to deliver cost-effective and scalable energy solutions—essential for high-consumption industries like metals.

Strategic Moves in Airports and Cement

Two pivotal restructuring initiatives are on the cards that could significantly alter the group’s business landscape.

Airports Business Demerger

Adani currently manages eight airports, including major hubs in Mumbai and Ahmedabad. These assets, currently housed under Adani Enterprises, are expected to be spun off into a separate listed entity by FY28. This move aims to offer better operational clarity and unlock value for shareholders.

Cement Sector Integration

The group’s holdings in multiple cement companies—such as Ambuja Cements, ACC, Sanghi, Orient, and Penna—are being steered toward eventual consolidation. A merger of these entities is likely to occur within 18 months after their operational integration is completed, enhancing scale, synergy, and financial maneuverability.

Both initiatives reflect the group’s efforts to streamline its holdings and optimize business efficiency across major verticals.

Diversified Risk and Debt Management Strategy

Despite its sprawling business interests, Adani Group claims it has implemented a risk-balancing approach. No single asset reportedly contributes more than 9% to the group’s total EBITDA, indicating a wide base of income sources and reduced exposure to individual asset performance.

However, with ₹1.6 trillion in debt set to mature within five years, a robust refinancing plan is crucial. The group plans to rely partly on internal accruals but will also raise additional capital to meet its obligations and fuel expansion efforts.

This balancing act—between aggressive growth and prudent fiscal management—will be central to maintaining investor confidence and financial health.

Navigating Controversy: Allegations and Recovery

The group’s bold expansion strategy unfolds in the backdrop of serious allegations that emerged last year. Gautam Adani and Sagar Adani were cited in legal documents filed in the United States concerning accusations of corruption and misconduct tied to solar power agreements. The claims pointed to over $250 million in bribes paid to Indian officials to secure deals.

Adani Group has strongly denied the accusations and pledged to defend itself through legal channels. Despite the controversy and resulting market volatility—including stock declines and increased regulatory scrutiny—the group remains undeterred in its long-term vision.

The recent capital strategy reinforces its intent to look beyond short-term hurdles and push forward with transformative projects across sectors.

Final Thoughts

By setting a ₹2.5 trillion capital goal, Adani Group is laying the financial groundwork to emerge as a transformative powerhouse in the realms of infrastructure and sustainable energy for the years ahead. The proposed investment will support key areas such as renewable energy expansion, metal production capacity, and operational enhancements in airports and cement.

The group’s focus on its foundational sectors—energy and logistics—continues to guide its growth philosophy. At the same time, it is embracing structural realignments, including business spin-offs and mergers, to improve transparency and value delivery.

Even as it navigates legal challenges and financial scrutiny, Adani’s capital roadmap reflects a clear intention to build a future-oriented, resilient conglomerate. The next five years will be pivotal in shaping the group’s position both domestically and globally.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Eternal Ltd. Shares Climb Following ₹156 Crore Block Deal

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Green Growth: Ambuja's Capacity Surge and Record Earnings
Result Updates - April 30, 2025

Green Growth: Ambuja's Capacity Surge and Record Earnings

Green Growth: Ambuja’s Capacity Surge and Record Earnings

 

Adani Group’s Ambuja achieves 100 MTPA milestone, posts highest-ever profit fueled by volume, strategic moves, and commitment to sustainability.

Ambuja Cements, a prominent entity within the Adani Group, has achieved a major milestone in the cement sector, now boasting a production capacity that exceeds 100 million tonnes annually. The company also announced its highest-ever annual profit after tax (PAT) of ₹5,158 crore, demonstrating a robust 9% year-on-year (YoY) increase for the fiscal year concluding on March 31, 2025.

This noteworthy accomplishment propels Ambuja Cements to become the ninth-largest cement producer worldwide based on its production capabilities. The company’s exceptional financial performance throughout FY25 was propelled by substantial growth in sales volumes, strategically advantageous acquisitions, and enhanced operational efficiencies implemented across its various units. Throughout the entirety of fiscal year 2025, Ambuja Cements registered its peak annual sales volume to date, hitting 65.2 million tonnes, a substantial 10% rise year-over-year. The company also celebrated a record annual revenue figure of ₹35,045 crore, demonstrating a robust 6% growth from the prior fiscal year.

In his remarks on this notable milestone, Vinod Bahety, the Whole Time Director & CEO of Ambuja Cements, stated, “Exceeding the 100 million tonnes per year production mark is a truly momentous occasion for Ambuja Cements.” This milestone underscores our inherent strength, our ambitious plans for growth, and our steadfast commitment to the progress of India’s infrastructure.” This milestone puts us on a firmer path towards our ambition of reaching a production capacity of 140 MTPA by the financial year ending 2028.

Strong Fourth-Quarter Performance and Operational Highlights

In the final quarter of fiscal year 2025, Ambuja Cements exhibited significant momentum, announcing a standalone profit after tax (PAT) of ₹929 crore, marking a considerable 75% increase compared to the corresponding period in the previous year. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter stood at ₹1,868 crore, with an impressive EBITDA per tonne (PMT) of ₹1,001 and healthy EBITDA margins of 18.9%. Quarterly cement sales volume reached an all-time high of 18.7 million tonnes, reflecting a strong 13% increase on a year-over-year basis. Notably, Ambuja Cements continues to maintain a debt-free status, with a robust net worth of ₹63,811 crore and substantial cash reserves amounting to ₹10,125 crore.

Growth Fueled by Environmental and Digital Initiatives

Demonstrating a strong commitment to sustainability, Ambuja Cements has made substantial progress in its renewable energy transition, with 299 MW of green power capacity now operational, including 200 MW from solar sources and 99 MW from wind energy. This is part of a larger strategy to reach 1 GW of renewable capacity, with the remaining portion expected to be operational by the end of fiscal year 2026.

Consequently, the share of green power in the company’s energy mix has risen to 26.1%, with an ambitious target of reaching 60% by FY28. Furthermore, the company’s proactive implementation of cost-saving measures across various operational areas, including logistics, fuel consumption, and manpower optimization, has contributed significantly to maintaining its industry-leading profit margins.

The strategic acquisition of Orient Cement and the successful operational stabilization of the recently acquired Penna and Sanghi cement assets have played a crucial role in enhancing the company’s overall scale of operations and realizing significant synergy benefits. Ambuja Cements is also actively investing in digital transformation across its value chain, incorporating AI-driven operational processes, implementing smart logistics solutions, and enhancing customer engagement through user-friendly mobile applications such as OneConnect and Reward Connect.

Industry analysis indicates that India’s overall cement consumption experienced a growth rate of approximately 6.5-7% in the fourth quarter of FY25, supported by increased construction, rural demand, and infrastructure investments. Looking ahead to FY26, market forecasts project a further growth in cement demand of 7-8%, primarily driven by a pro-infrastructure focus in the government’s budget allocations and a positive outlook for the residential housing sector.

Commitment to Sustainability and Industry Recognition

Ambuja Cements continues to be recognized as a leader in sustainability within the industry, achieving significant water positivity and plastic negativity ratios. A substantial portion of its product mix comprises blended cement. The company has also pledged to plant 8.3 million trees by 2030, aligning with the Adani Group’s broader environmental goals. The company’s commitment has been acknowledged through awards like the Golden Peacock Award 2024 for ESG excellence and an ‘A-’ rating in the CDP Climate Leadership Score. TRA Research has also named Ambuja Cements as ‘India’s Most Trusted Cement Brand’ for the second consecutive year.

Final Thoughts:

Ambuja Cements Solidifies Market Position Through Capacity Expansion, Profitability, and Sustainable Practices

Ambuja Cements’ achievement of surpassing 100 MTPA in production capacity, coupled with its record-breaking annual profit, underscores its strong operational execution and strategic growth initiatives within India’s dynamic cement sector. The company’s commitment to expanding its green energy footprint and embracing digital transformation further positions it for sustainable and efficient growth. Its proactive approach to cost management, strategic acquisitions, and focus on meeting the growing demand have been key drivers of its success. Furthermore, Ambuja Cements’ consistent recognition for its ESG efforts and brand trust reinforces its position as a responsible and leading player in the industry. As India’s infrastructure development and housing sector continue to grow, Ambuja Cements appears well-positioned to capitalize on these opportunities while maintaining its focus on sustainability and innovation.

 

 

 

 

 

 

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RBL Bank Q4 Results

 

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