“As the world’s largest solar power developer, Adani Group will be investing more in the renewable energy sector in Karnataka,” he said. Bengaluru: The Adani Group has plans to invest almost ₹ 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in multiple... The post appeared first on .

“As the world’s largest solar power developer, Adani Group will be investing more in the renewable energy sector in Karnataka,” he said. Bengaluru: The Adani Group has plans to invest almost ₹ 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in multiple... The post appeared first on .

“As the world’s largest solar power developer, Adani Group will be investing more in the renewable energy sector in Karnataka,” he said. Bengaluru: The Adani Group has plans to invest almost ₹ 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in multiple... The post appeared first on .

Mumbai (Maharashtra) [India], April 26 (ANI): The market capitalization of Adani Wilmar crossed Rs 1 lakh crore on Tuesday as the company's share jumped 5 per cent.

Kolkata Mar 23 PTI Countrys largest commodity company Adani Wilmar is betting big on staples and scouting for acquisition of regional rice brands and processing units in several states of the country a top company official said The company will launch branded daily-use rice under the fortune brand beginning with West Bengal from early April Staple is just 11 per cent of the companys topline Adani Wilmar had acquired a sick rice processing unit in West Bengal to mark the journey in the segment which is 30-35 million tonne per annum in size We are targeting to grow fast in the daily-use rice segment which is 30-35 million tonne per annum apart from public distribution foodgrain We are scouting for acquisitions of brands and rice processing units in several states for fast growth We have done first from West Bengal taking over a sick unit Adani Wilmar MD CEO Angshu Mallick told PTI Acquisitions allow quicker rollout and rapid growth Greenfield will take at least two years to begin operation he said We are already into Basmati but it is only 10 per cent of rice consumption so we cannot ignore regional local rice used for daily consumption which is a huge untapped market Mallick said We will launch packaged local rice based on regional preference In Bengal we will launch Baskati and miniket rice which is common here Sona masuri in Uttar Pradesh and Kolam rice in South India he added The company which hit the capital market recently had earmarked Rs 450-500 crore for acquisition and atta and rice is major focus area in the staples segment Adani is scouting for more rice units and brands in North India and South India We will ideally have one unit each in states first and then gradually scale up We will procure paddy from farmers mandis and brokers Mallick said Adani Wilmar has 22 own factories in total and has sourcing arrangement products from 28 more plants across the country Staple contributes 11 per cent to Adani Wilmars topline while the rest is from edible oil and industry essentials We are aiming at 30 per cent growth in the food segment and 6-7 per cent in edible oil in volume terms Mallick said The company was also looking at inorganic space to expand its food basket The company reported a 66 per cent rise in its Q3 consolidated net profit at Rs 211 crore as compared to Rs 127 crore in the year-ago quarter The companys revenue from operations rose over 40 per cent to Rs 14379 crore from Rs 10229 crore in the same quarter last year PTI BSM RG RG

Mumbai (Maharashtra) [India], February 8 (ANI): Shares of the FMCG major Adani Wilmar was listed on the bourses with impressive gain amidst volatile indices. Offered at Rs 230, Adani Wilmar closed at Rs 268.25 on NSE with the gain of 16.63 per cent, on Tuesday.

Mumbai [India], January 26 (ANI): The initial public offering (IPO) of Adani Wilmar, a 50:50 joint venture company between Gautam Adani-led conglomerate Adani Group and Singapore's Wilmar Group, will open for public subscription on January 27.