Adani Enterprises has incorporated a wholly-owned subsidiary, Mundra Petrochem (MPL), on 19 April 2021.MPL is registered with the Registrar of Companies, Gujarat at Ahmedabad on 19 April 2021 and it is yet to commence its business operations.
It was incorporated with the object to set up various feedstock (coal, petcoke, coke, limestone, salts, sand, tar, oil, LPG, LNG, ethane, LPG, green fuels etc.) based refinery, petrochemical and chemical plants in a phased manner in India and to undertake all such activities associated with land acquisition, design & engineering, procurement, construction, power & infrastructure management, sale & marketing, trading, O&M, security management and other related undertakings.
EU expands sanctions against Myanmar military, companies
ELAINE KURTENBACH, AP Business Writer
April 20, 2021
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1of6Anti-coup protesters shout slogan with a banner reading Carry on revolution! We do not accept as the military slave, in Kamayut township of Yangon, Myanmar, Monday, April 19, 2021. Anti-coup protesters kept public demonstrations going despite the threat of lethal violence from security forces.APShow MoreShow Less
2of6FILE - In this Dec. 3, 2018, file photo, former U.N. Secretary-General Ban Ki-moon speaks during an interview with The Associated Press in Tokyo. Ban is urging the United Nations and Southeast Asian countries to take swift and strong action to stop the deadly crackdown that has followed the military coup in Myanmar. Ban exhorted the U.N. Security Council Monday, April 19, 2021, to act immediately to halt the violence and protect civilians, using a range of tools at the council s disposal. Koji Sasahara/APShow M
Read more about Adani Port gains on preferential allotment of shares on Business Standard. Adani Ports & Special Economic Zone rose 1.71% to Rs 733 after the finance committee of the board approved the allotment of 1 crore equity shares, or 0.49% stake, on a preferential basis to Windy Lakeside Investment at an issue price of Rs 800 each.
Adani Green Energy (AGEL) announced that its wholly-owned subsidiary, Adani Renewable Energy Holding Fifteen (AREHFifteenL) has secured a 150 MWac solar power project in Gujarat.AREHFifteenL had participated in a tender issued by Torrent Power for procurement of power through competitive bidding process, from grid connected solar photovoltaic power projects to be setup in Gujarat.
The fixed tariff for the project capacity is Rs 2.22/ kWh for a period of 25 years. The project is expected to be commissioned by Q3 FY2023.
Currently 3,520 MWac of renewable energy projects are operational. With this, AGEL now has a total portfolio 15,390 MWac of renewable energy project capacity, out of which 11,870 MWac projects are under implementation.
Read more about Adani Green Energy wins 150 MWac solar power project on Business Standard. AREHFifteenL has been awarded a project capacity of 150 MWac Solar Power Project.