Page 2 - Adani Enterprises Adani Green

Adani Green Energy commissions 180MW solar plant at Devikot, Rajasthan

Adani Green Energy on Wednesday said it has operationalized a 180-MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI), Adani Green Energy Ltd (AGEL), India's largest renewable energy company, said in a statement. With the successful commissioning of this plant, AGEL's operational solar portfolio has increased to 6,243 MW, and the total operational renewable generation capacity to 9,784 MW, the largest in India, the statement added. The 180-MW solar plant in Rajasthan will produce approximately 540 million electricity units annually, powering over 1.1 lakh homes and reducing around 0.39 million tonnes of CO2 emissions. Next-generation bifacial solar PV modules and horizontal single-axis solar trackers (HSAT) have been deployed to maximise generation through better efficiency of modules and tracking the sun throughout the day. The plant is equipped with waterless robotic mod

Several of Adani's dollar bonds fell most in over six months on US probe

US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat

Adani Green Energy Ltd delivered 1,000 Mw in less than 12 months of starting work at Khavda. This involved installing about 2.4 million solar modules

Adani Green Energy's $409-million bond sale oversubscribed 7 times

This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December last year

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Adanis to invest Rs 9,350 cr in green energy arm to achieve 45 GW target

Billionaire Gautam Adani and his family plan to inject Rs 9,350 crore into the conglomerate's green energy arm to equip it to achieve the 45 GW target by 2030, according to a company filing. The investment of Rs 9,350 crore in Adani Green Energy Ltd "will be used for deleveraging and accelerated capital expenditure," the firm said in the filing. The green energy developer already has a Power Purchase Agreement (PPA) tie-up of 19.8 GW (out of 20.6 GW locked in capacity, balance 800 MW being merchant) and land of over 2,00,000 acres (equivalent to over 40 GW of additional capacity) in resource rich areas. The board of the company, which has a goal of 45 gigawatts (GW) of green energy capacity by 2030, approved a preferential issuance of warrants to the promoters for a quantum of Rs 9,350 crore at a price of Rs 1,480.75 per share. The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meet

Adani Green Energy raises $1.36 billion in latest project finance round

AGEL is setting up a 2,167 megawatt renewable energy park at Khavda, Gujarat, touted to be the world's largest

Adani Green Ltd seals its biggest ever project financing of $1.36 billion

The green loan facility will help enable the development of AGEL, the world's largest renewable energy park, at Khavda in Gujarat

TotalEnergies close to investing $300 million in JV with Adani Green Energy

TotalEnergies holds a 19.75 per cent stake in Adani Green Energy and is the second largest shareholder after the promoters, who control about 56.27 per cent

Adani group Ebitda grows 42% in first quarter, reaches Rs 23,532 crore

Billionaire Gautam Adani's conglomerate clocked a 42 per cent year-on-year growth in pre-tax profit, as businesses ranging from airports to power and sea ports registered impressive growth, the group said on Wednesday. All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore, Adani group said in a statement. The conglomerate that spans 10 listed companies ranging from flagship incubator Adani Enterprises Ltd to ports business (Adani Ports & SEZ Ltd), renewable unit (Adani Green Energy Ltd), power utility (Adani Power Ltd), electricity transmission firm (Adani Energy Solutions), and city gas business (Adani Total Gas Ltd), had a net debt of Rs 18,689.7 crore after accounting for a cash balance of Rs 42,115 crore. Core infrastructure and utility platform, which generates stable and assured cash flows, generated EBITDA of Rs 20,233 crore, accounting for 86 per cent of the total ...

Abu Dhabi's TAQA may invest up to $2.5 bn in Adani's power units: Report

TAQA may acquire a stake through a combination of primary infusion and secondary purchase of shares from promoter family entities

Adani Green Energy targets 45 gigawatts of renewable energy by 2030

Billionaire Gautam Adani's renewable energy company is targeting to set up 45 gigawatts (GW) of renewable energy capacity by 2030, as it looks to cut emissions and help India meet its carbon neutrality target. Adani Green Energy Ltd has 8,316 megawatts (8.3 GW) of operational renewable energy capacity and another 12,118 MW either nearing construction or under execution, sources close to the company said. The target is to take this 20,434 MW (operational plus under execution projects) to 45,000 MW or 45 GW by 2030, they said, adding AGEL is looking to build roughly 3 GW of capacity to generate electricity from solar and wind energy every year. French energy giant TotalEnergies holds a 19.7 per cent stake in AGEL. Recently US investment firm GQG Partners picked a 6.8 per cent stake in the company and Qatar Investment Authority (QIA) another 2.8 per cent. AGEL has a clear sight of how it will fund the renewable capacity addition, they said without giving details. The capacity AGEL is

Adani group stocks fall as Deloitte resigns as auditor for Adani Ports

Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. Shares of Adani Enterprises tanked 5.41 per cent, Adani Transmission fell by 4.77 per cent, Adani Power declined by 4.23 per cent, Ambuja Cements dived 4 per cent and Adani Ports skidded 3.70 per cent on the BSE. The stock of Adani Green Energy declined by 3.22 per cent, Adani Wilmar (3.14 per cent), Adani Total Gas (3 per cent), NDTV (3 per cent) and ACC (2.23 per cent). In the equity market, the 30-share BSE Sensex quoted 335.61 points down at 64,987.04. The resignation came weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research. In a statement, Adani Ports & Special Economic Zone ...

Adani Group planning world's largest, 20 GW hybrid energy plant in Gujarat

The company intends to build the facility faster than any project in its execution history, Gautam Adani said

Bain Capital most likely to acquire majority stake in Adani Capital

The development is a result of Adani group's head Gautam Adani's decision to exit from non-core businesses and use this capital for his core ventures

Adani block deal helps FPIs investment into equities turn positive in March

Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, FPIs made a net investment of Rs 11,119 crore in December, data with the depositories showed. Going ahead, FPIs are likely to be cautious in their approach in the coming days as the collapse of the SVB Bank in the US has impacted sentiments in the market, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) invested Rs 13,536 crore in Indian equities till March 10. "This (inflow) is inclusive of the bulk investment of Rs 15,446 crore by GQG in the four Adani stocks," Vijayakumar said. Also, Nirav Karkera, Head of Research at Fisdom, said that a large share of the inflows is

Four Adani Group stocks hit upper circuit today: All you need to know

Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares

TMS Ep369: Inflation, investor protection, new-age tech stocks, Pension

Is retail inflation back to haunt us? What does Adani saga teach us about investor protection? Is it time to bet on new-age tech stocks? What is Andhra's Guaranteed Pension Scheme? All answers here

Adani to prepay $1.11 billion loans on shares, denies report on capex cut

(Reuters) India's Adani Group on Monday said shares related to some group companies will be released following the pre-payment of $1.11 billion of loans ahead of their maturity in 2024

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list