On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore
Adani Power, one of the biggest power generation firms in the nation, reported an increase of 12.9% in net profit for Q4 of FY23, coming in at Rs 5242.48 crore.
Total income however fell to Rs 10,795 crore from Rs 13,307 crore in the year-ago quarter. Total expenses were higher at Rs 9,897 crore as against Rs 7,174 crore a year ago
The company s earnings before interest, taxes, depreciation and amortization (EBITDA) for FY23 was higher at Rs 14,312 crore against Rs 13,789 crore in FY22.