Adani eyes more acquisitions to bolster engg portfolio
Business Standard|November 21, 2024
The billionaire Adani family, which is building an in-house construction and engineering ecosystem by acquiring ITD Cementation and PSP Projects, is actively seeking additional acquisition opportunities, according to bankers.
DEV CHATTERJEE

As part of its $100 billion investment plan by 2030, the Ahmedabad-based group has undertaken several large-scale construction projects, including the Dharavi redevelopment, Ganga Expressway, a mega convention centre in Mumbai and airports.

These projects demand in-house engineering and construction expertise, hence the group has made recent acquisitions including ITD Cementation and PSP Projects.

The group may look for other opportunities by the family office, say bankers.

Bu hikaye Business Standard dergisinin November 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Standard dergisinin November 21, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS STANDARD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
Business Standard

Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake

Tourists visiting the iconic Dal Lake will now enjoy a hassle-free travel experience with the launch of Uber's first water transport service in Asia, aptly named 'Uber Shikara'.

time-read
1 min  |
December 03, 2024
Warmer than normal winters likely this season, says IMD
Business Standard

Warmer than normal winters likely this season, says IMD

Nov 2024 among the warmest since 1901

time-read
2 dak  |
December 03, 2024
Ram Janmabhoomi stir picked up pace after Shah Bano case: Jung
Business Standard

Ram Janmabhoomi stir picked up pace after Shah Bano case: Jung

The Ram Janmabhoomi movement gained momentum after the Rajiv Gandhi government's knee-jerk reaction to the Shah Bano case in 1985, leading to cascading communalism in the country, former Delhi lieutenant governor Najeeb Jung said on Monday.

time-read
2 dak  |
December 03, 2024
Business Standard

Delhi airport sets up special enclosures for delayed flights

The Delhi airport is establishing special enclosures at its terminals to accommodate passengers stuck in aircraft for more than three hours.

time-read
1 min  |
December 03, 2024
Swiggy expands its 10-min Bolt delivery service to over 400 cities
Business Standard

Swiggy expands its 10-min Bolt delivery service to over 400 cities

'BOLT' FROM BLUE

time-read
1 min  |
December 03, 2024
Ola Electric powers ahead with 4,000 store target
Business Standard

Ola Electric powers ahead with 4,000 store target

Marks 4x increase with 3,200 new outlets joining 800 existing stores

time-read
2 dak  |
December 03, 2024
MAY THE BEST AIP WIN
Business Standard

MAY THE BEST AIP WIN

Navy's choice between German and Spanish submarines could boil down to who has the best Air Independent Propulsion

time-read
6 dak  |
December 03, 2024
Business Standard

Macro-driven funds that can fall prey to timing risk

DSP Mutual Fund has launched the DSP Business Cycle Fund.

time-read
2 dak  |
December 03, 2024
Dixon Tech to gain from high volumes, new biz
Business Standard

Dixon Tech to gain from high volumes, new biz

May emerge as major smartphone manufacturer; brokerages positive

time-read
2 dak  |
December 03, 2024
Price hikes key trigger for cement majors
Business Standard

Price hikes key trigger for cement majors

Cement had a slow quarter with volumes up 3 per cent year-on-year (Y-o-Y) on average in the second quarter of the current financial year (Q2FY25).

time-read
2 dak  |
December 03, 2024