Adani

Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space. The Rs 3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. IntelliSmart Infrastructure provides advanced metering infrastructure for electricity and deploys certain smart gas meters in the country. In an exchange filing, Adani Energy Solutions Ltd (AESL) said it has completed the acquisition of 100 per cent of the equity share capital of IntelliSmart from NIIF and EESL, and the optionally convertible debentures of IntelliSmart held by NIIF have been redeemed. On October 30, the fair trade regulator, the Competition Commission of India (CCI), approved Adani Energy

Adani Group will infuse equity up to the equivalent of $1.45 billion to fund the transaction

Adani would provide financing for the project, which could offer long-term supply for its smelting complex in Mundra, India, Codelco said ‌in a statement

Adani Power's proposed 2,400 Mw thermal power project in Odisha, involving an investment of ₹30,181 crore, has entered the environmental-clearance process, with a public hearing scheduled for December

Adani Enterprises Ltd plans to spend between Rs 35,000 crore and Rs 40,000 crore annually over the next couple of years, with airports, data centres and its proposed PVC complex emerging as the biggest investment drivers as the conglomerate steps up expansion across its infrastructure businesses. "We expect to do capex at a run rate of around Rs 40,000 crore. So, we may be somewhere in the range of Rs 35,000 crore to Rs 40,000 crore, which is the rate we expect to continue over the next couple of years," Manan Vakharia, head of finance at Adani Enterprises, said during the company's earnings call. The planned spending comes as the group seeks to scale up businesses built over recent years, including airports and data centres, while bringing its large manufacturing investments closer to commercial operation. "The heavy lifting will be done by airports, data centres and PVC," Vakharia said. Adani Enterprises, the flagship incubator of the Adani Group, reported its highest-ever half-y

Adani Airports CEO Arun Bansal says Indian carriers must achieve global scale before facing greater foreign competition, reversing his earlier call for an open skies policy

Higher revenues from transmission and energy solutions drove Adani Energy Solutions' Q2 FY27 net profit to more than double year-on-year to ₹1,364 crore

AdaniConneX's planned data centre campuses in Visakhapatnam, being developed in partnership with Google, will use air-cooled systems to eliminate the need for water-based evaporative cooling and keep freshwater consumption across three sites to less than the volume of an Olympic-sized swimming pool, according to the project details. The campuses at Mudasarlova and Tarluvada are part of a proposed data centre development with a capacity of about 1 gigawatt, as Visakhapatnam seeks to emerge as a major hub for artificial intelligence and digital infrastructure. Unlike conventional data centres that use evaporative cooling systems and cooling towers, the proposed facilities will rely on air-based cooling technology, avoiding the large volumes of water typically consumed by such systems, sources with knowledge of the matter said. Of the limited freshwater required across the three sites, around 80 per cent will be used for landscaping, kitchens and worker facilities, with water recycled

Adani Enterprises Director Pranav Adani on Monday performed the bhoomi poojan for a 22-acre rehabilitation housing project in Matunga, marking the start of construction of 10,432 homes for eligible residents of Dharavi, one of Asia's largest informal settlements. The project, being implemented by Adani Navbharat Developers Pvt Ltd (ANDPL), a special purpose vehicle set up for the Dharavi Redevelopment Project, will comprise 10 towers housing 10,432 rehabilitation apartments and 1,379 commercial and industrial units, according to a company statement. "Every family deserves a home where they feel secure and can plan for the future. We know what this means to Dharavi's families. At Matunga, we are building 10 towers with 10,432 homes and 1,379 commercial and industrial units, creating neighbourhoods where families can live better and build a brighter future for their children," Pranav Adani said. Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 3

The Adani Group has completed or is executing projects worth Rs 2.6 lakh crore in Maharashtra out of an investment commitment exceeding Rs 6 lakh crore across sectors, including energy, aviation, urban regeneration, data centres and coal gasification, a top official of the group said. Speaking at the launch of the state's investment promotion body "Invest Maharashtra", Pranav Adani, Director of Adani Enterprises, said the group's investment blueprint was developed through commitments made at the World Economic Forum in Davos and through partnerships with the Maharashtra government. "At the World Economic Forum in Davos and through state partnerships, the Adani Group has committed to an investment blueprint exceeding Rs 6 lakh crore across critical and upcoming sectors like energy, aviation and aero-districts, urban regeneration, data centres and coal gasification. Projects worth Rs 2.6 lakh crore are already completed or under execution," he said. The investments come as Maharashtra

The ₹1.86 trillion scheme could benefit transmission, renewable energy and battery firms, but its implementation will depend on state utilities and their ability to scale up

Sebi said there was no evidence of Vinod Adani directing the management or policy decisions of two FPIs that invested in listed Adani group companies.

The conglomerate will invest across ports, logistics, energy, roads, green cement and data centres, while its Rs 4,000-crore hospital project is under way in New Town

Adani Group Chairman Gautam Adani on Thursday announced that the conglomerate would invest more than Rs 1 lakh crore in West Bengal by 2035. Addressing a gathering after laying the foundation for a 2,000-bed hospital in the New Town area near Kolkata along with Chief Minister Suvendu Adhikari, Adani said the group would spend Rs 4,000 crore on the multi-speciality 'Adani Arogya Mandir', and the project would create 10,000 jobs. Adani Group investments in West Bengal will be in ports, logistics, power, roads and data centre, the industrialist added.

Five Adani Group companies have settled SEBI adjudication proceedings linked to the Hindenburg report.

Sebi had sent show-cause notices to the companies in February 2024 for alleged lapses in disclosure of certain related-party transactions, highlighted in the Hindenburg report

The 3,200 MW ultra-supercritical thermal power plant at Chapar will be commissioned in phases from December 2030 and is expected to generate 5,000 jobs once operational

Jefferies expects Adani Energy Solutions to deliver double-digit growth over the medium term.

APSEZ Managing Director Karan Adani and CFO B Ravi have paid Rs 13.65 lakh each under the settlement mechanism; Sebi has disposed of the adjudication proceedings

Endeavour Trade and Investment Ltd., a Mauritius-based special purpose vehicle owned by Adani family, aims to raise $1.5 billion through a bridge loan with a tenor ranging from 18 months to 24 months