Adani

Airtel powers 5G service with spectrum buy from Adani Data Networks

Bought by ADN in the 2022 5G auctions, the airwaves are in the sought-after 26 GHz band

₹10,000 cr Adani township coming up near Navi Mumbai Airport. Details

Adani Realty is planning a 1,000-acre township project near Navi Mumbai Airport, inspired by its Shantigram model

Govt tweaks city gas policy, moves to advance quarterly allocations

The government will now allocate natural gas to CNG and piped cooking gas retailers two quarters in advance to give city gas companies greater clarity, the Oil Ministry said Friday. With city gas retailers like Indraprastha Gas Ltd, Mahanagar Gas Ltd and Adani-Total Gas Ltd reporting pressures on margins after the allocation of cheaper administered price or APM gas to them was cut without giving enough advance notice, the ministry decided to tweak the allocation policy. "From Q1 (first quarter) of FY 2025-26 (April 2025 to March 2026 financial year), domestic natural gas allocations for CNG (Transport) and piped natural gas (domestic household cooking gas) segments will be done on a two-quarter advance basis," the ministry said in a statement. Besides the lower-priced APM gas produced from old fields given on a nomination basis, the allocation will also now include gas from new wells drilled on the nomination fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India

Govt cuts cheaper APM gas supply to CNG retailers IGL, MGL, Adani Total Gas

The government has cut the supply of lower-cost APM gas to city gas distributors such as Indraprastha Gas Ltd, Mahanagar Gas Ltd, and Adani Total Gas Ltd, by up to 20 per cent, replacing the shortfall with more expensive fuel. GAIL (India) Ltd, the state-owned nodal agency for gas supply, has intimated about a cut in supply of gas from legacy fields, called Administered Price Mechanism (APM) gas, the three city retailers said in separate stock exchange filings. The production of APM gas, which is currently priced at USD 6.75 per million British thermal unit, is declining at the rate of 9-10 per cent annually as recovery from old and ageing fields falls. Oil and Natural Gas Corporation (ONGC) is investing in drilling more wells to maintain the output, but that additional cost is reflected in a higher price of the gas thus produced. Such gas is called new well gas and is priced at about USD 8 per mmBtu. In the last one year, APM gas supplies to city gas retailers have been cut by alm

Maharashtra's Dharavi plan to shift thousands to toxic landfill sparks row

Maharashtra clears Adani-backed plan to relocate over 50,000 Dharavi residents to Deonar landfill, which may violate CPCB guidelines

Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates' assets

JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024

Adani, Vedanta, Patanjali among 26 in fray to acquire Jaiprakash Associates

JAL has major real estate projects like Jaypee Greens in Greater Noida, a part of Jaypee Greens Wishtown in Noida (both on the outskirts of the national capital), and Jaypee International Sports City

Chile's Codelco to supply copper concentrate to Adani Group-owned smelter

The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad

Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission

Adani Energy Solutions on Thursday announced acquisition of a project special purpose vehicle Mahan Transmission, which will evacuate 1,230 MW power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district. The company has on 26th March, 2025... executed share purchase agreement with REC Power Development and Consultancy Ltd for acquiring 100 per cent equity shares of Mahan Transmission Ltd (MTL), a regulatory filing said. According to the filing, equity shares are being acquired at a face value of Rs 10 each for a cash consideration. It also stated that the acquisition is completed and the total authorised and paid-up share capital of the MTL is Rs 5 lakh. The MTL is incorporated in India and was registered with the Registrar of Companies, New Delhi, on November 20, 2024. This acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. The MTL will evacuate 1,230 MW of

Adani Group eyes Jaiprakash Associates acquisition by insolvency route

Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Adani Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The JAL's total outstanding loans from banks and financial institutions stood at Rs 55,493.43 crore as of February 20, 2025. The company also recently inform

Wickremesinghe slams Dissanayake govt for Adani energy project failure

Sri Lanka's former president Ranil Wickremesinghe has criticised President Anura Kumara Dissanayake-led government for failing to move ahead with a Renewable Energy Project in Mannar with Indian Conglomerate, Adani. Wickremesinghe made these remarks during a televised discussion on Saturday the text of which was released on Monday. He also stressed the need for Sri Lanka to enhance economic cooperation with India to maximise results for the island nation. Wickremesinghe said during his two-year term in 2022, he emphasised a South India-focused economic framework in areas of renewable energy, agriculture, and trade links. "I explored many avenues for economic cooperation with India. Regrettably, the current government has failed to pursue the Adani renewable project in Mannar." He criticised them for failing to move ahead with the Renewable Energy Project in Mannar with Indian Conglomerate, Adani. He said he saw no logic in the NPP government's attempt to renegotiate the Adani gre

Congress alleges ₹304.24 cr scam in Goa, calls BJP 'cabal of Mini-Adanis'

Congress leader Pawan Khera also slammed Prime Minister Narendra Modi's anti-corruption stance, stating that his government in Goa contradicts his claims of fighting corruption

Adani Group defends key projects amid alleged environmental law violations

Adani Group is defending itself against allegations made in India's National Green Tribunal that it started work on a $2 billion power plant without waiting for environmental clearance

Adani, Emaar said to be discussing deal structure for $1.4 bn India unit

Adani family and Emaar are discussing the structure of a transaction, which could include an unlisted Adani unit infusing about $400 million in equity

Gautam Adani, brother Rajesh get court relief in Rs 388 cr cheating case

The case involves alleged breaches of market regulations amounting to Rs 388 crore, for which the Serious Fraud Investigation Office (SFIO) filed a chargesheet in 2012

Debendra Pradhan, PM Modi podcast, Ola Electric, Adani, US attack on Houthis & more

Adani group commits Rs 1.1 trillion capital expenditure for FY26

To be funded through a mix of cash, debt/equity sale

Fitch lifts Adani Energy rating watch, first upgrade since US indictment

Fitch said the indictment for alleged securities and wire fraud reflects a corporate governance risk for AESL

Dharavi redevelopment contract: SC seeks response from Maha govt, Adani

UAE-based SecLink Technologies had filed a plea challenging the state govt's decision to cancel its 2019 bid for the Dharavi redevelopment project and award the tender to Adani Properties in 2022

Women envoys hail diverse workforce at Adani's clean energy, other projects

A delegation of women envoys from nine countries, including those from Luxembourg, Romania and Slovenia, took stock of Adani Group's renewable energy and other projects in Gujarat and lauded female workforce participation at these facilities. While interacting with women engineers at Adani Green Energy's 30-GW clean energy plant at Khavda in Kutch district, the delegates emphasised how implementation of diversity at workplaces is key to the economic growth of a country. During their tour to the facility on Wednesday, ahead of the International Women's Day, the seven ambassadors and two high commissioners also interacted with women members of Self Help Groups (SHG) supported by Adani Foundation, the philanthropic arm of the ports-to-energy conglomerate. "The ambassadors saw firsthand how the renewables project is integrating cutting-edge technology with sustainable development, including the Energy Network Operations Centre (ENOC) overseen by women engineers," the Adani group said in