Page 11 - Adani Enterprises

RIL, Lloyds Metals and Capri Global shine, says Motilal Oswal report

Adani Enterprises emerges as top 'all-round' wealth creator from 2018-23

Adani group to spend Rs 7 trn in capex over next ten years across verticals

Adani group will spend Rs 7 lakh crore in capital expenditure over the next 10 years and its billionaire chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate's position as infrastructure leader in India. Adani in posts on X, formerly Twitter, has over the last few days detailed 'green' initiatives of the investment plan across some verticals of the apples-to-airport conglomerate. "The portfolio recently announced its plan to invest over Rs 7 lakh crore over the next 10 years to consolidate its preeminent position as the largest infrastructure player in India," Adani Energy Solutions said in a stock exchange filing. While flagship Adani Enterprises Ltd incubates and develops new businesses spanning mining, airports, defence and aerospace, solar manufacturing, roads, metro and rail, data centres and resource management, its ports business is on a greening drive. "By 2025, we will set a national benchmark being the only carbon-neut

This Adani group stock has nearly doubled investor wealth in 8 days

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Adani group shares rally; Adani Green, Enterprises, Power surge up to 15%

Last week, the Supreme Court reserved its judgement on the charges made by the Hindenburg report

Adani Group stocks add $15 billion in best day since Hindenburg report

The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report

Adani-Hindenburg row: Contempt plea in Supreme Court over Sebi probe delay

According to the application, Despite receiving a three-month extension until August 14, 2023, Sebi again sought an additional 15 days to file the report

Centre looking to restart probe into Adani coal imports from Indonesia

The Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities

Adani Energy Solutions plans to raise nearly Rs 3,000 crore via bonds

Adani Energy Solutions (AESL), earlier known as Adani Transmission, is planning to raise USD 360 million (around Rs 3,000 crore) through issuing bonds on a private placement basis. "...we are looking for a private placement of USD 360 million of transmission assets which were commissioned in the last three to four years," Rohit Soni, Chief Financial Officer of Adani Energy Solutions, said during an investors call. He further informed that the company is still working if it can get (raise USD 360 million) via bonds early next year and the work is still in progress. He also informed that paperwork (for the bond issue) are underway. Soni also told analysts about the company's plan to raise another USD 1 billion, saying, "we are looking at a billion dollar of raise, so I think we are still working on it, so the time what we have given by year end that still holds good from our perspective." In May this year, the board has approved raising of funds by way of issuance of equities worth

Adani Electricity to buyback $120 mn senior secured notes due in 2030

Adani Energy Solutions' arm Adnai Electricity Mumbai has announced a tender offer to buybuy part of its outstanding senior secured notes worth USD 120 million, which are due in 2030. "The distribution arm of Adani Energy Solutions Ltd, Adani Electricity Mumbai Limited, today announced a tender offer to buyback up to USD 120 million of its outstanding 3.949% USD 1,000 million senior secured notes due 2030," a company statement said on Monday. The tender offer is being fully funded through its cash surplus and internal accruals and will help reduce the leverage of the company in line with the Adani portfolio companies to consistently improve financial matrices, it said. The company will from time to time carry out similar market actions all the way to the maturity of the bonds subject to market conditions, using the available liquidity of the company. Such market action will enhance investor confidence and support in improving current dislocation of the yield curve due to external .

Adani Enterprises Q2 result: Net profit falls over 50% to Rs 228 crore

Adani Enterprises Q2FY24 results: The company's revenue from operations was down 41 per cent to Rs 22,517.33 crore

Adani Group 'fleecing' people to the tune of Rs 12,000 crore: Rahul Gandhi

Congress leader Rahul Gandhi on Wednesday cited a media report to accuse the Adani Group of over-invoicing in coal imports and fleecing people to the tune of Rs 12,000 crore in electricity rates. Addressing a press conference at the AICC headquarters here, Gandhi attacked Prime Minister Narendra Modi, asking him to come clean on the Adani issue by initiating a probe into the matter and defend his credibility. "Why is the prime minister silent on the issueI am only helping the prime minister and asking him to come clean by starting an investigation and defend his credibility," Gandhi said. The former Congress chief displayed a recent Financial Times report at the press conference which claimed that the Adani Group appears to have imported billions of dollars of coal at prices well above market value. Gandhi claimed that as per the report Adani over-invoiced coal imports and took out Rs 12,000 crore from "people's pockets". Adani bought coal in Indonesia and when it reached India, i

Political stability must for investment in ports overseas: Karan Adani

Karan Adani, chief executive officer (CEO), Adani Ports & SEZ, and chairman of ACC, talked about the future plans for ports, airports and cement businesses in an interaction with Dev Chatterjee

MCA probes accounts of Adani Enterprises' Mumbai, Navi Mumbai airports

India's Ministry of Corporate Affairs had in February initiated another probe into the Adani Group's financial statements

Stocks to Watch: TCS, Adani Group, IndusInd Bank, Aster DM, RVNL, Cipla

Stocks to Watch on October 12, 2023: RBI has allowed SBI Mutual Fund to acquire up to 9.99 per cent stake in IndusInd Bank

HDFC Bk, HUL help Sensex cut losses, index sheds 286 pts; Nifty below 19450

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

Adani Group shares in focus; Adani Enterprises up 5% as IHC hikes stake

In an exchange filing with the BSE, AEL said Green Vitality RSC had on Tuesday, Oct 3, acquired an additional 643,134 equity shares representing 0.06% total equity in the company from the open market.

Abu Dhabi-based IHC increases stake in Adani Enterprises to over 5%

Move comes a week after IHC sold its stake in Adani Green and Adani Transmission

Abu Dhabi-based IHC increases stake in Adani Enterprises to over 5%

Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group's flagship Adani Enterprises Ltd to above 5 per cent. In a filing to Abu Dhabi stock exchange, IHC said, "This strategic increase reflects IHC's conviction in the world leading incubation model of AEL." Stating it has increased its stake in AEL to above 5 per cent, it said it believes that "the inherent strength of airports, data centres, green hydrogen, and various other verticals being incubated under AEL and that AEL is poised to uniquely capitalise on India's robust growth journey." "IHC continues to explore unique investment opportunities in India with the goal to maximise stakeholders' return," it added. Last week, IHC had stated that as part of a "portfolio rebalancing strategy" it will sell its 1.26 per cent stake in Adani Green Energy Ltd and 1.41 per cent stake in Adani Energy Solutions.

Adani-Hindenburg saga: Plea cites conflict of interest, seeks new SC panel

The next hearing in the case is likely on October 13

Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday