The company will seek to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan, an exchange filing said.
Ambuja Cements bought about 133 million shares of Sanghi Industries worth ₹1,627 crore in a block deal on NSE on Tuesday. The shares were purchased at ₹121.9 apiece. The sellers included Sanghi Industries promoters Alok Sanghi, Aditya Sanghi, Sanghi Polymers and Samruddhi Investors Services, among others.
Adani Group to invest in SIL to expand its Sanghipuram captive port capacity to handle larger vessel sizes, says Karan Adani financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The official announcement regarding the deal is likely to be made on Wednesday, Reuters reported citing sources with direct knowledge. However, the exact stake percentage and transaction amount is not known as of now.
Adani s Ambuja Cements Announces A Clinker Capacity Expansion By 8 MT businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.