Adani Group to have new identity, logo

The $6-billion Adani Group, which has emerged as a major diversified conglomerate in recent years, will have a new identity and logo by this week-end. The Group's Chairman, Mr Gautam Adani, will make announcements in this regard in Mumbai on February 23, followed by Ahmedabad, a company official said here on Tuesday. The Group has seen mixed fortunes in 2011-12. Last week, it announced exit from the real estate business. While the flagship Adani Enterprises Ltd (AEL) is busy “rationalising” its investments plans in Indonesia and Australia, the Group's energy arm, Adani Power Ltd (APL), recently announced to put on hold its thermal power projects with 6,500 mw capacity due to uncertainties in coal procurement.