Page 12 - Adani Enterprises

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP

Adani Energy Solutions had earlier announced its plan to raise up to Rs 12,500 crore through QIP or other permissible modes

Adani Ent, Adani Energy Solutions to consider fundraising next week

A year ago, Adani Enterprises and Adani Energy Solutions had sought board and shareholder approval for a similar proposal of raising up to Rs 12,500 crore and Rs 8,500 crore, respectively

Adani Group mcap rises to Rs 17.5 trn, highest since Hindenburg incident

Shares of flagship Adani Enterprises rose 8 per cent, followed by Adani Ports, which closed the day with a 4.7 per cent gain

Adani Group stocks rally; Enterprises surges 8%, Ports, Power hit new high

Report say Adani Enterprises may replace Wipro in the benchmark Sensex index. This may lead to inflows worth Rs 1,000 crore in the stock

Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex

Semi-annual rebalancing of BSE indices on Friday

Adani Enterprises to invest Rs 80k cr in current fiscal, says official

Adani Enterprises, billionaire Gautam Adani-led group's flagship firm that has interests spanning from new energy to airports and data centres, plans to spend Rs 80,000 crore across businesses in the current financial year, a senior company executive said. A bulk of the capital expenditure planned for 2024-25 (April 2024 to March 2025) fiscal will be on new energy businesses and airports, said Saurabh Shah, deputy chief financial officer, at an analyst call, transcript of which was released by the company. "We are looking at a capex of about Rs 80,000 crore in FY25, out of which a major part...will go in ANIL and airports business which take up about Rs 50,000 crore of capex," he said. ANIL is Adani New Industries Ltd which makes solar modules that convert sunlight into electricity, and green hydrogen. "Then the third would be in roads, which, because of Ganga Expressway, will be capex of Rs 12,000 crore and rest put together in other businesses," he said. "Because we are also ...

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

Adani Group stocks see little impact of Sebi notices on disclosure norms

Six group firms say they have received notices; legal experts say allegations don't seem to be very serious

Adani Group faces Sebi scrutiny; show-cause notices issued to 6 firms

Six Adani Group firms face Sebi scrutiny for alleged breaches in related party transactions and listing regulations

Adani Enterprises got 2 Sebi notices over Hindenburg report in Q4: Report

In the quarter ended March 31, the flagship of billionaire Gautam Adani empire received two so-called show-cause notices from the Securities and Exchange Board of India, or Sebi

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore

The company announced an interim dividend of Rs 1.3 per share

Q4 FY24: Adani Ports, Coal India among 49 firms to post results today

Q4 FY24 results: Dabur, Federal Bank, Digicontent, Blue Star, Khemani Distributors, Aptech are expected to release their financial results too

AdaniConneX in talks with banks to raise $900-950 mn in offshore loan

The funding arrangement entails an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and spans a duration of six years

Adani Green becomes first Indian firm with 10K MW renewable energy capacity

Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable energy capacity. The company now has an operating portfolio of 10,934 MW, largest in India. It has brought 2,848 MW renewables capacity on stream in FY24, according to a company statement. AGEL's operational portfolio consists of 7,393 MW solar, 1,401 MW wind and 2,140 MW wind-solar hybrid capacity. The firm is aiming for 45 GW renewable energy by 2030. AGEL's 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually, the statement said. "We are proud to be India's first das hazari in the renewables space," said Gautam Adani, Chairman of the Adani Group. "In less than a decade, Adani Green Energy has not just envisioned a greener future but has actualised it, growing from a mere idea to explore clean en

India's new copper entrant, Adani Enterprises, starts operations at Kutch

Adani's Kutch Copper on Thursday announced the start of operations at its Mundra unit with its first dispatch of copper cathodes

Adani group begins operations of its copper unit plant at Mundra, Gujarat

Adani group on Thursday announced start of its maiden copper plant at Mundra in Gujarat. Adani Enterprises is setting up plant with 1 million tonnes capacity in two phases. "Close to $1.2 billion will be invested in the first phase," the firm said in a statement. This marks the Adani portfolio's debut in the metal industry. "The successful progress of the greenfield unit showcases the Adani Group's ability to plan and execute largescale projects," it said. Adani Enterprises is investing nearly USD 1.2 billion to set up a copper smelter with 0.5 million tonnes capacity in the first phase. On completion of the second phase that will add similar capacity, Kutch Copper, with 1 million tonnes annual capacity, will be the world's largest single-location custom smelter, benchmarking ESG performance standards while leveraging state-of-the-art technology and digitalisation. It will create 2,000 direct and 5,000 indirect employment opportunities. "With Kutch Copper commencing operations, t

Adani Power merges Rs 19,700 cr loans from 6 arms into long-term debt

Adani Power on Thursday said it consolidated different short-term loan facilities worth Rs 19,700 crore availed by the company's six special purpose vehicles into a single long-term debt. The revised arrangement will help the company benefit from a uniform tenure and reduce effective interest rate, Adani Power said in a regulatory filing. The company said the loan consolidation under a consortium financing arrangement comprising eight lenders became possible with the amalgamation of its six special purpose vehicles (SPVs) after the credit rating of Adani Power Limited (APL) was enhanced to AA-. In a separate filing, Adani Power informed that its wholly-owned subsidiary Mahan Energen Limited (MEL) has entered into a 20-year long-term power purchase agreement with Reliance Industries Limited (RIL). The agreement is for the supply of 500 MW of electricity under the captive user policy as defined in the Electricity Rules, 2005, the filing said. One unit of 600 MW capacity of MEL's the

Adani Group shares trade weak; Total Gas, Ports, Energy slip up to 8%

According to a Bloomberg report, US prosecutors have widened their probe against India's Adani Group to focus on whether the company engaged in bribery