Adani

Adani Power promoter sells 12.48 cr shares for ₹2.6k cr; Adani Infra buys

A promoter group entity of Adani Power on Tuesday sold 12.48 crore shares of the company Adani Infra (India) Ltd for Rs 2,627 crore through open market transactions. According to the block deal data on the National Stock Exchange (NSE), Ardour Investment Holding Ltd, a promoter entity, offloaded 12,48,00,000 shares, representing a 0.65 per cent stake in Adani Power Ltd. The shares were disposed of at an average price of Rs 210.50 apiece, taking the deal size to Rs 2,627.04 crore. Following the latest transaction, Ardour Investment Holding Ltd's stakeholding in Adani Power has declined to 3.03 per cent from 3.68 per cent. Meanwhile, Adani Infra (India) Ltd purchased an equal number of shares at the same price. Shares of Adani Power fell nearly 2 per cent to close at Rs 209.95 on the NSE. On Monday, Adani Infra (India) Ltd, a promoter group entity of Adani Green Energy Ltd, bought a 1.03 per cent stake from another promoter arm, Ardour Investment Holding Ltd, for Rs 2,380 crore. P

Adani Infra buys 1.03% stake in Adani Green Energy for ₹2,380 crore

Adani Infra (India) Ltd, a promoter group entity of Adani Green Energy Ltd, has bought 1.03 per cent stake in the company for Rs 2,380 crore, according to block deal data on the NSE. Adani Infra (India) Ltd purchased 1.7 crore shares, representing a 1.03 per cent stake in Adani Green Energy Ltd (AGEL). The transactions were executed on Monday at an average price of Rs 1,400 apiece, taking the aggregate deal size to Rs 2,380 crore. The seller was Ardour Investment Holding Ltd, a promoter entity of AGEL, which offloaded an equal number of shares at the same price, as per the data. Following the deal, Adani Infra's stake in the renewable energy company increased to 2.34 per cent from 1.31 per cent, while Ardour Investment Holding's stake declined to 4.01 per cent from 5.04 per cent. After the transaction, shares of Adani Green Energy Ltd (AGEL) rose 1.48 per cent to trade at Rs 1,415.60 apiece on the National Stock Exchange (NSE). Market participants said the transaction did not res

Adani plans ₹1.5 trillion investment in Odisha nuclear power projects

The group has proposed two nuclear power plants, a thermal power station and pumped storage projects, with the plan to undergo detailed scrutiny before any approval

Adani Energy may launch another institutional share sale next fiscal

Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches

AI data centre rush fuels India's next growth wave with infrastructure push

India's AI data centre boom is driving investments in clean energy, real estate, manufacturing and jobs as global tech giants and conglomerates expand infrastructure

Adani Energy bags ₹8,500 cr Andhra transmission project for green molecules

The inter-state transmission project in Andhra Pradesh will supply power to proposed green hydrogen and green ammonia projects in Vizag and be completed in 30 months

Adani considering launching airline to push into India's aviation market

The Adani Group is considering starting an airline, a move that could intensify competition in India's aviation market dominated by IndiGo and Air India

Adani Power Q1FY27 result: Net profit jumps over 47% to ₹4,867 crore

Adani Power on Wednesday reported a 47.24 per cent rise in its net profit to Rs 4,866.60 crore in the June quarter, mainly on the back of higher revenues and strong power demand. In a statement, the company said its profit before tax jumped nearly 50 per cent to Rs 6,300.49 crore in Q1 FY27 from Rs 4,204.31 crore in Q1 FY26 on account of improved continuing profitability, further supported by higher one-time prior income recognition during the quarter. During the quarter, Adani Power Ltd (APL) recognised Rs 117.69 crore as share of profit from an associate, following the acquisition of stake in Jaiprakash Power Ventures Ltd. Consequently, it stated that profit after tax for Q1 FY27 rose 47.24 per cent to Rs 4,866.60 crore from Rs 3,305.13 crore in Q1 FY26. It also stated that there was a one-time net recognition of revenues pertaining to prior periods of Rs 1,386.34 crore in Q1 FY27, primarily due to revision in historic energy charges under certain PPAs compared to Rs 406.21 Crore

Adani Energy Solutions Q1FY27 profit more than doubles to ₹1,237 cr

Adani Energy Solutions on Tuesday posted a more than twofold rise in consolidated net profit to Rs 1,236.56 crore in the April-June quarter compared to the year-ago period on higher revenues. The consolidated net profit stood at Rs 538.94 crore in the quarter ended on June 30, 2025, an exchange filing showed. Total income rose to Rs 9,852.20 crore in the quarter from Rs 7,025.49 crore in the same period a year ago. Revenue from the transmission business rose to Rs 3,335.26 crore from Rs 2,188.19 crore a year ago. The revenue from the distribution business increased to Rs 3,520.43 crore from Rs 3,359.84 crore a year ago. The Energy Solutions Platform segment grew to Rs 1,906.83 crore in the quarter from Rs 209.71 crore a year ago. Smart meter business also expanded to Rs 346.99 crore in the quarter from Rs 112 crore a year ago. "AESL has delivered a robust start to FY27, driven by strong financial performance and continued operational excellence across our core businesses. During

Adani Total Gas Q1 result: Profit down 14% to ₹142 cr as gas costs rise 40%

Revenue rose 27.3 per cent to ₹1,906.79 crore, but natural-gas and traded-item costs increased 40.3 per cent to ₹1,302.51 crore, weighing on net profit

Adani Energy Q1 results: Net profit more than doubles to ₹1,237 crore

Adani Energy Solutions on Tuesday posted a more than twofold rise in consolidated net profit to Rs 1,236.56 crore in the April-June quarter compared to the year-ago period on higher revenues. The consolidated net profit stood at Rs 538.94 crore in the quarter ended on June 30, 2025, an exchange filing showed. Total income rose to Rs 9,852.20 crore in the quarter from Rs 7,025.49 crore in the same period a year ago. Revenue from the transmission business rose to Rs 3,335.26 crore from Rs 2,188.19 crore a year ago. The revenue from the distribution business increased to Rs 3,520.43 crore from Rs 3,359.84 crore a year ago. The Energy Solutions Platform segment grew to Rs 1,906.83 crore in the quarter from Rs 209.71 crore a year ago. Smart meter business also expanded to Rs 346.99 crore in the quarter from Rs 112 crore a year ago.

Adani Energy Solutions Q1FY27 result: Profit zooms 124% to ₹1,149 crore

Net regulatory deferral shifted to income of ₹28.55 crore from an expense of ₹503.89 crore a year earlier; EPS before this movement rose 37.2 per cent

Inside the legal campaign that freed Gautam Adani from US prosecution

A 10-week defence campaign involving about 600 pages of legal submissions, presentations and expert testimony helped persuade the US Justice Department to drop bribery and securities fraud charges against billionaire Gautam Adani, according to newly unsealed court filings that detail how one of the year's highest-profile corporate prosecutions was abandoned. Robert J. Giuffra Jr, Adani's lead lawyer and co-chair of Sullivan & Cromwell, in a July 14 filing said the effort, which ran from February 3 to April 17, included a 118-page submission to prosecutors, a 12-page supplemental filing and two slide presentations totalling 130 pages. A separate 151-page presentation was also submitted to the US Securities and Exchange Commission in March. The filing provides the clearest public account yet of how federal prosecutors reversed course in one of the year's most closely watched corporate prosecutions. The case began on November 20, 2024, when US prosecutors unsealed an indictment ...

Customs joins Centre's case against Adani over airport nicotine pouch sales

Customs has told Bombay HC that duty-free shops enjoy tax benefits but remain subject to domestic regulations, backing health ministry's challenge to nicotine pouch sales at Adani-operated airport

Adani denies any deal linked to US criminal case dismissal in affidavit

Adani Group Chairman Gautam Adani has denied under oath that there was any promise, agreement or deal behind the US Department of Justice's move to dismiss a criminal indictment against him, saying, in a sworn affidavit, that he was unaware of any exchange connected to the decision. The affidavit was filed in response to a July 8 order by the US District Court for the Eastern District of New York asking Adani to state under oath whether he was aware of any promise, offer or agreement related to the dismissal of the indictment. Adani said he was not aware of "anything promised, offered, sought, received, agreed to, or accepted" by anyone in connection with the dismissal, and denied knowledge of any agreement involving an exchange of anything of value for dropping the criminal charges. The Justice Department had moved to dismiss charges filed in 2024 under the Biden administration, accusing Adani and seven others of participating in a scheme to pay about USD 250 million in bribes to .

Kerala CM backs Adani port expansion despite objecting to stake sale

The comments came days after Satheesan objected to MSC Mediterranean Shipping Company SA's planned $1.4 billion investment in the project

Adani Enterprises, France's Dioxycle to build low-carbon chemicals in India

Adani Enterprises Ltd has partnered with French clean-technology company Dioxycle to develop low-carbon chemical manufacturing in India, beginning with a pilot plant to produce formic acid using captured carbon dioxide and renewable electricity, the companies said on Friday. The project will be located at an Adani Group site and aims to demonstrate how captured carbon emissions can be converted into industrial chemicals using renewable power. Subject to successful validation of the pilot, the partners plan to scale up the technology for commercial production. Formic acid is used across industries including textiles, agriculture and manufacturing. The partnership marks Adani Group's entry into low-carbon chemicals, expanding beyond its renewable energy and infrastructure businesses. The companies said they will also explore producing other industrial chemicals used in sectors such as energy, materials, packaging and manufacturing, many of which continue to rely on fossil fuel-based

Adani to file affidavit in US court this week on indictment dismissal

Billionaire Gautam Adani will file this week a sworn affidavit in a US federal court stating whether he is aware of any promise, agreement or benefit linked to the US government's decision to dismiss a criminal indictment against him. US District Judge Nicholas Garaufis directed Adani to file the affidavit by July 15 before ruling on the Justice Department's motion to dismiss the indictment with prejudice. The judge asked Adani to state whether he is aware of any promise, offer, agreement or benefit connected to the dismissal, or of any exchange made in return for the charges being dropped. Sources said Adani is likely to file the affidavit this week. The Adani group did not offer any comment on the issue, saying the matter is sub judice. The order of June followed a filing by Principal Associate Deputy Attorney General in the Department of Justice, R Trent McCotter, who said he was the "final and sole decision-maker" behind the dismissal and denied media reports that the decision

Govt probe finds Adani's Mumbai airport shops sold illegal nicotine pouches

Official investigation found nicotine pouches were sold without regulatory approval at Mumbai airport's duty-free outlets, while Adani Group argues the relevant drugs law does not apply to such shops

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment