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Adani Acquires AI-based Startup to Boost its AI & Data Centre Capabilities

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The Adani Group, led by the global business tycoon, Gautam Adani, has recently completed the acquisition of AI-based startup Parserlabs. This acquisition follows Sirius Digitech’s initial purchase of 77.5 % stakes in Parserlabs India in July 2024. With this acquisition, the Adani Group will be able to further embrace enhanced technologies in its operations. The group will also be able to enhance its hold over the data centre and cloud services market. Its business profitability is also going to enhance to a considerable extent. The Adani Group Completes The Acquisition Of AI-Based Parserlabs: Adani Enterprises Limited has recently announced that its joint venture company Sirius Digitech has recently acquired the remaining 22.5% stakes in  Parserlabs  India Private Limited. This makes the company a wholly-owned subsidiary of the Adani Group. This transaction was completed on 19th March. It was valued at INR 45 crore approximately. The shares were purchased at INR 20,000 per sha...
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Adani Ready To Work With Any Government

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Gautam Adani  has recently made it public that the Adani Group is ready to work with any government. It is also not getting any kind of special treatment from the central government. He also mentioned that the  Adani Group works in over  25 states  in the country. It has also succeeded in bringing about massive developments to each of the states in which it has been operational. He has also mentioned that he will continue to work towards the development of the country whenever any opportunity comes his way. Gautam Adani Declares That The Adani Group Is Ready To Work With Any Government As per recent news ,  Gautam Adani has mentioned that his global conglomerate is working in over 25 states of the country and the company is open to working with any government. He also made it clear that the Adani Group does not get any kind of special treatment from any government. He also gave the example of the Vizhinjam port in Kerala. This port is the first deep-wa...
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Location: India
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Adani Green Energy Q3FY24 Results: Net profit 148.5% YoY at ₹256 crores, sales up 40%

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  Financial results for the quarter and nine months ended December 31, 2023, and were published by Adani Green Energy, the renewable energy arm of the Gautam Adani’s Adani Group. Compared to the previous year's corresponding quarter, the company's consolidated net profit increased by 148.54% to ₹256 crore in Q3FY23. The consolidated net profit fell 31% when looking at it sequentially.   In the third quarter, the company's consolidated revenue from operations increased by 40.30% year-on-year, reaching 1,765 crores from 1,258 crores in the previous year's quarter.   A strong capacity increase of 1,154 MW over the previous year and an enhanced capacity utilisation factor (CUF) contributed to the company's energy sales, which rose by an impressive 59% year-on-year to 16,293 million units, as reported in the financial report.   Projects included 304 MW of wind, 150 MW of solar, and 700 MW of solar-wind hybrid, increased the company's operating capacity to 8,4...
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Adani transmission will take Mumbai to 60% renewable power

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  The future of energy is green, and   this initiative by the Adani group is leading the way toward transforming Mumbai's power landscape. With a vision of sustainability and innovation, Adani Transmission has embarked on a bold mission to propel Mumbai towards achieving 60% renewable power. Through strategic investments in renewable energy projects and advanced transmission infrastructure, Adani is poised to revolutionize the city's energy mix, reducing carbon emissions and setting an exemplary model for other metropolitan areas. Embracing Renewable Energy Sources Gautam Adani has taken a proactive approach to embracing renewable energy sources, recognizing their potential to provide clean, sustainable power for Mumbai. By focusing on solar, wind, and other green energy alternatives, Adani Transmission has been instrumental in reducing the city's dependence on fossil fuels and lowering its carbon footprint. Integrating these renewable sources into the city's power...
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