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Adani Group targets 20% share in Indian cement market by FY28

Adani Group targets 20% share in Indian cement market by FY28
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Adani Group targets 20% share in Indian cement market by FY28

Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements.

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adani power share price: Adani Power shares soar 5%, extend rally to 15% in four sessions

Adani Power s stock rose by 5% to Rs 588.45 after signing a 20-year power purchase agreement with Reliance Industries. The company s credit rating was upgraded to AA- by India Ratings, showcasing strong performance.

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Power Point RIL, Adani Plug into Supply Pact

Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the countrys wealthiest men.

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Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for Rs 50 crore

Mahan Energen has agreed to allot 50 million equity shares of Rs 10 face value each to RIL at par, Reliance said in a regulatory filing. “The proposed investment by the company is in compliance with the provisions of the Electricity Rules, 2005,” it said. RIL did not disclose any specific purpose for signing the power purchase agreement.

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