Adani

The opposition CPI(M) on Saturday alleged that the recent removal of IAS officer Divya S Iyer as the Managing Director of Vizhinjam International Seaport was aimed at benefiting the Adani Group, and demanded that Chief Minister V D Satheesan explain the reasons behind her transfer. Senior CPI(M) leader and Kannur district secretary K K Ragesh made the allegation in a Facebook post amid the ongoing controversy over Adani Ports and Special Economic Zone Ltd's (APSEZ) proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the port concessionaire, to Switzerland-based shipping giant Mediterranean Shipping Company (MSC). Ragesh alleged that Iyer had played a key role in safeguarding the state's interests by resisting attempts to alter provisions of the Vizhinjam port concession agreement and claimed that Adani authorities had made repeated efforts to have her removed from the post. He further alleged that the then Chief Minister Pinarayi Vijayan had ...

Project set to become India's largest foreign mining investment

Adani Green Energy Ltd on Wednesday said it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first clean energy player in India to achieve the milestone through greenfield development. The company generates over 52 billion units of clean electricity annually. The output accounts for nearly 3 per cent of India's electricity consumption, which is enough to power New York City for a year, or almost the combined electricity needs of Mumbai and New Delhi, the Adani Group company said in a statement. The milestone has been achieved within a decade of commissioning AGEL's first renewable energy project at Kamuthi in Tamil Nadu in 2016, making it India's largest and fastest greenfield renewable energy capacity addition company. The company added 5,051 megawatts (MW) in FY26, the highest annual renewable capacity addition by any company outside China. Commenting on the milestone, Sagar Adani, Executive Director, Adani Green Energy Ltd (AGEL), said, ...

A US federal judge's decision to seek a fuller explanation from prosecutors before approving the dismissal of criminal charges against Indian billionaire Gautam Adani is a procedural requirement and does not signal that the case is likely to proceed, according to a senior US lawyer familiar with federal criminal practice. "The judge's order is procedural," lawyer Chris Man said. Under Rule 48(a), the Department of Justice must obtain leave of court to dismiss an indictment, and judges can ask questions or seek additional briefing before ruling. "That, by itself, is not unusual," he said. The lawyer added that there is little precedent for a federal court compelling prosecutors to continue pursuing a criminal case once the Justice Department has decided it should be dismissed. Judges "have little discretion," he said. "There is effectively no modern precedent for a judge forcing the Department of Justice to prosecute a case that the executive branch has determined should be abandone

The Justice Department said last month it would no longer pursue the prosecution

Adani Airport plans to invest more than Rs 20,000 crore in the first phase of a large-scale airport city development programme spanning over 655 acres across six airports in five states, as the company seeks to transform its aviation hubs into integrated commercial and urban destinations. The development, announced on Thursday by Adani Airport City Ltd (AACL) - a wholly-owned subsidiary of Adani Airport Holdings Limited (AAHL), India's largest private airport operator - will cover airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati, with around 22 million square feet of mixed-use infrastructure planned in the initial phase. Nearly 70 per cent of the investment will be concentrated in Mumbai and Navi Mumbai, where the company controls close to 440 acres of land, reflecting the strategic importance of the Mumbai Metropolitan Region as India's largest aviation and commercial hub, it said in a statement. The projects will combine hotels, offices, retail, ...

The Indian billionaire's lawyers argued that the case falls outside US jurisdiction and that prosecutors cannot prove the alleged bribery in India

Nuclear power, artificial intelligence, data centres, airports, ports and defence manufacturing — the Adani Group has unveiled some of its biggest growth plans yet. At its 2026 AGM,

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce

Adani Mundra Airport on Tuesday commenced commercial operations with the inaugural flight landing from Goa. This air link, in a strategic partnership with Star Air, is set to unlock unprecedented economic potential for the Kutch region, transforming it into a fully integrated, multi-modal logistics and business hub, Adani Group said in a statement. The launch of eight new air services by Star Air from Tuesday will create an express corridor, reducing travel time for trade, commerce, logistics and tourism, fuelling the economic engine of India's largest port Mundra. The other cities that Star Air will connect Mundra with include Hindon, Surat, Belagavi, Bengaluru, Kolhapur and Nanded. The new airport terminal was inaugurated by Adani Airports Holding Ltd Director Jeet Adani. Built on the Adani Group's proven development model, the Mundra Airport is engineered for efficiency and growth, the statement said. A 1,900-metre runway can handle a wide range of passenger and cargo aircraft

Adani Group and US-based electronics manufacturer Jabil Inc on Monday announced plans to form a strategic alliance to build a large-scale artificial intelligence (AI) and data centre infrastructure manufacturing platform in India, targeting both domestic demand and global exports. The proposed partnership aims to manufacture high-density AI racks, servers, storage systems, networking equipment and supporting power and cooling infrastructure, as India seeks to position itself as a global hub for AI hardware production. In a statement, Adani Enterprises and Jabil said the platform would target multi-gigawatt AI rack manufacturing capacity and cater to hyperscale cloud providers, colocation operators and enterprise data centres worldwide. The alliance combines Jabil's engineering and manufacturing expertise with Adani Group's infrastructure, renewable energy and data centre businesses to address what the companies described as rapidly growing demand for AI-ready data centre ...

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity

The acquisition will take Adani Energy Solutions' smart-meter portfolio to over 4.7 crore units and strengthen its position in power-distribution modernisation

Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said. According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent equity stake in IntelliSmart Infrastructure. The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters. The proposed Rs 3,050 crore transaction includes the acquisition of 100 per cent of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The completion of the transaction is subject to regulatory and other customary approvals. IntelliSmart is among leading ow

The Centre said Adani Agri Logistics and Leap India won the majority of FCI silo projects as the lowest bidders, rejecting allegations of unfair allocation

Billionaire Gautam Adani said the Adani Group has moved beyond its US legal challenges and is accelerating investments across energy, transport, logistics and digital infrastructure, positioning itself to benefit from rising demand for artificial intelligence-led growth. In his annual letter to shareholders, Adani said the conglomerate remained committed to expansion despite heightened scrutiny over the past year, adding that matters related to the group's US legal proceedings were now "behind us", allowing it to focus on its next phase of growth. Adani described the group's recent Rs 24,930 crore rights issue in flagship firm Adani Enterprises as a vote of confidence from investors at a time when the conglomerate faced questions over governance and regulatory issues. "Even though it was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty, Adani Group remained ...

Hindalco Managing Director Satish Pai says new smelting, recycling and exploration projects could help India eliminate refined copper import dependence within two years

Brokerage firm Bernstein said concerns surrounding the Adani Group following the 2023 short-seller episode and subsequent US regulatory developments now appear largely behind the group, potentially paving the way for a revival in foreign funding and broader investor participation. In a report covering four listed Adani companies - Adani Ports and Special Economic Zone, Adani Green Energy, Adani Power and Ambuja Cements - Bernstein said many global funds had stayed away from the group pending clarity on US-related developments, leaving several stocks under-owned despite strong operational execution. The report said the settlement of the US SEC case and moves by US prosecutors to drop charges against the group had removed a major overhang on Adani stocks, many of which still trade below pre-crisis levels despite a sharp recovery from earlier declines. "The group has gone through two big events in the last 4 years - the short seller event in January 2023 and US SEC-DoJ related ...

The Los Angeles-based money manager has acquired stakes worth more than $2 billion across three Adani Group companies in recent weeks