In a Lifeline Movement, Adani Foundation Honours Shri Gautam Adani's 63rd Birthday with Record-Breaking Blood Donation Drive
'I deeply thank our Adani Parivaar for stepping forward and making this act of seva count,' said Dr. Priti Adani, Chairperson of the Adani Foundation. 'Your generosity will touch countless lives.' The drive was conducted in partnership with Red Cross blood banks and government hospitals. It was supported by a team of over 3,000 doctors, paramedics, data operators, and administrative staff from across the Adani Group. For the first time, the drive went global as blood donation camps were organized at Colombo West International Terminal (CWIT) Port, Colombo and also at Dar-es-Salam Port, Tanzania with over 100 donors participating in the noble cause. The exercise has been part of an annual tradition since 2011 to mark the birthday of Shri Adani.
The drive honours Shri Adani's guiding philosophy of 'Seva hi Sadhana hai' (service is worship) through the Foundation's community-led action and initiatives. The non-profit arm of the Adani Group remains committed to an all-inclusive, equitable and sustainable development of the communities. About Adani Foundation Since 1996, the Adani Foundation, social welfare and development arm of the Adani Group, has remained agile and deeply committed to making strategic social investments for sustainable outcomes across India. It is empowering and enriching the lives of children, women, youth, and marginalized communities in the core areas of education, health and nutrition, sustainable livelihoods, climate action, and community development.
The strategies of the Foundation are integrated in national priorities and global Sustainable Development Goals. The Adani Foundation is currently operating in 7,060 villages across 21 states, positively impacting 9.6 million lives. For media queries, Roy Paul: [email protected]
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
4 hours ago
- India.com
Gautam Adani's another BIG move, signs Rs 4000000000 cash deal for…, acquires 85% stake in…
Gautam Adani- File image Adani Enterprises Limited (AEL) has successfully completed the acquisition of an 85.1% stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the company disclosed in a stock exchange filing. The deal was valued at Rs 400 crore, is an all-cash transaction with no equity exchange involved. The acquisition was originally announced on December 23, 2024. Adani Group Expansion Plan The Adani Group has been planning to expand in the aircraft services and maintenance, repair, and overhaul (MRO) segment. Gurugram based Air Works was established in 1951. It is India's largest privately-owned aviation services and MRO company. It operates in original equipment manufacturers (OEMs), aircraft owners, lessors, and airlines. The company also handles defence sector maintenance. In 2022, Air Works had partnered with Boeing to carry out maintenance checks on three P-8I long-range maritime patrol and anti-submarine warfare aircraft used by the Indian Navy. Air Works Operations Air Works is in 35 cities of India and maintenance centres are in Hosur, Mumbai, and Kochi. There are around 1300 employees with the company. Air Works had registered revenue of Rs 293 crore in FY 2021-22 and it increased to Rs 354 crore in FY 2022–23 with a year-on-year rise of 21 per cent. In FY 2023-24, the revenue was Rs 356 crore which was a marginal increase compared to the previous year, according to the exchange filing.
&w=3840&q=100)
Business Standard
8 hours ago
- Business Standard
Ambuja Cements rises 2% in trade; brokerages upbeat on company's capex plan
Ambuja Cements share price rose 2.2 per cent in trade on Wednesday, logging an intraday high at ₹593.3 per share on BSE on strong capacity expansion and cost efficiency improvement plans. At 12:08 PM, Ambuja Cements share price was trading 2.21 per cent higher at ₹592.8 per share on the BSE. In comparison, the BSE Sensex was trading down 0.28 per cent at 83,462.23. The company's market capitalisation stood at ₹1,46,013.96 crore. Its 52-week high was at ₹706.85 per share and 52-week low was at ₹452.9 per share. On Ambuja Cements' Marwar Mundwa plant visit, the company revealed plans to increase its market share from 11-12 per cent to 14.5 per cent, with a target of 17-18 per cent/20 per cent by FY28E/FY30E. Further, increasing its premium cement share remains a key focus area, which currently accounts for 24 per cent of its trade volume, with ₹400 per ton higher profitability. The company is also on track to expand its capacity and achieve a targeted capacity of 140 mtpa by FY28. Management also reiterated their guidance to reduce costs by ₹500–550 per ton by FY28E and believes acquisition challenges are behind it and profitability should improve backed by increasing digitisation, synergies from Adani group companies, higher share of RE power, improved logistics, lower lead distance, better use of marine transport and increase in share of premium cement (currently at 29 per cent of trade sales; aim is to reach 35 per cent in FY26). On the financial front, Ambuja Cements has reiterated its Ebitda/t target of ₹1,500/t by FY28E, led by cost savings and an increasing share of premium cement. Ebitda refers to Earnings before interest, tax, depreciation and amortisation. What should investors do with Ambuja Cements shares? Post the visit, Nuvama Institutional Equities has suggested buying Ambuja Cements for a target of ₹694 per share on the back of the company's healthy capex plans and measures being undertaken for cost efficiency improvement. Meanwhile, Motilal Oswal has reiterated its 'Buy' rating for a target of ₹700 per share. The brokerage estimates the company's consolidated revenue/Ebitda/PAT compound annual growth rate (CAGR) at 17 per cent/35 per cent/36 per cent over FY25-27, albeit on a low base.
Economic Times
12 hours ago
- Economic Times
Adani Enterprises shares in focus after Adani Defence acquires 85% stake in MRO firm Air Works
Shares of Adani Enterprises are likely to be in focus on Wednesday after the company announced the completion of its acquisition of an 85.1% stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL). The acquisition was made through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), for a total consideration of Rs 400 crore. ADVERTISEMENT The all-cash deal, initially announced on 23 December 2024, marks Adani Group's entry into the aircraft maintenance, repair, and overhaul (MRO) segment, as it looks to strengthen its presence in aviation services. Founded in 1951 and based in Gurugram, Air Works is India's largest privately-owned MRO company. It provides services to original equipment manufacturers (OEMs), aircraft owners, lessors, and commercial airlines, both in India and overseas. Air Works also operates in the defence sector. In 2022, the company partnered with Boeing to carry out maintenance checks on three P-8I maritime patrol and anti-submarine warfare aircraft used by the Indian Navy. These checks were performed at its facility in company has a presence in 35 cities across India, with major maintenance hubs in Hosur, Mumbai, and Kochi. It employs around 1,300 to the stock exchange filing, Air Works posted revenue of Rs 293 crore in FY22, which rose to Rs 354 crore in FY23 and slightly increased to Rs 356 crore in FY24. ADVERTISEMENT The acquisition underscores Adani Group's ongoing efforts to diversify its portfolio, with defence and aviation services emerging as new areas of strategic focus. ADVERTISEMENT According to Trendlyne, the average target price for Adani Enterprises stands at Rs 3,180, implying a 21% potential upside from current levels. The stock holds a 'Strong Buy' rating from 2 the previous session, Adani Enterprises shares closed 0.05% higher at Rs 2,620.2. While the stock has declined 18% in the past 12 months, it has gained 1,562% over the past five years. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
