Page 11 - Adani Green Energy

Stocks to Watch: SpiceJet, Adani Green, Aster DM, Polycab, Bank of India

Stocks to Watch on January 11, 2024: SpiceJet plans to raise Rs 2,250 crore through a preferential issue of shares and warrants to reduce its debt burden

IiAS recommends voting against Adani Green's Rs 9,350 cr preferential issue

The proxy advisory firm stated issue of warrants instead of equity allows promoters to ride the stock price for 18 months

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of billionaire industrialist Gautam Adani, on Wednesday. Speaking to reporters on the sidelines of a programme here, Adani said that all the airports in the company's fold are currently expanding in terms of capacity and have collectively registered 80 million passengers last year. "In the near future, yes (on listing of airports vertical). It depends. We have a couple of triggers that we need to cross before we will do that. First big one is obviously Navi Mumbai (airport) being operationalised and having its first stable year of operations. But that is one of the triggers," Jeet Adani said, replying to a query when the airports vertical will be listed. Adani Airport Holdings Limited (AAHL), a 100 per cent subsidiary of Adani Enterprises Ltd, currently manages seven airports- Mangaluru, Lucknow, Ahmedabad, Guwahati, Jaipur,

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Billionaire Gautam Adani on Wednesday announced an investment of over Rs 2 lakh crore in Gujarat, largely in building a green energy park that would be visible even from space. Speaking at the Vibrant Gujarat Global Summit here, he said the investment will create 1 lakh jobs. Of the Rs 55,000 crore committed at the last summit, Adani Group has already spent Rs 50,000 crore, he said. The apples-to-airport group is now building a green energy park in Kutch having a 30 GW capacity spread over 25 square kilometre which would also be visible from space, he added. Since 2014, India has achieved a 185 per cent growth in GDP and 165 per cent growth in per capita income which is unparalleled given the geopolitical and pandemic-related challenges, Adani said.

Adani Green announces redemption plan for $750 million bond due in Sept

The company has debts worth Rs 22,942 crore, up for repayment and refinancing

Adani Green Energy announces redemption plan for $750 million Holdco bond

AGEL aims to ensure full security of the entire $750 million Holdco Notes 8 months before the maturity date on September 9, 2024

Adani Group shares hold gains in weak market as SC grants Sebi more time

The Supreme Court on Wednesday also directed the government and Sebi to look into whether there has been any violation of law by Hindenburg Research on short-selling.

Indices at record highs! Sensex soars 702 pts, tops 72K; Nifty holds 21,650

Closing Bell on December 27, 2023: Healthy buying in HDFC Bank, Infosys, Bharti Airtel, Ultratech Cement, L&T, Tata Motors, ICICI Bank, SBI, Axis Bank, and M&M lifted the benchmark indices

Inox Wind, JSW Energy: Power stks soar over 100% in 2 months; time to sell?

Chart suggests that shares related to green and renewable energy may display mixed trend in early 2024, given the sharp rally seen in the last two months.

Adani Green completes joint venture agreement with TotalEnergies Renewables

TotalEnergies has also infused Rs 4,013 crore in Adani Green Energy Twenty-Three Limited

Stocks to Watch: Adani Group, TaMo, SJVN, Power Grid, Axis Bank, Zee Learn

Stocks to watch on Wednesday, December 27, 2023: Shares of Adani Group and three debutants' namely Happy Forgings, Mufti Menswear and RBI Jewellers likely to be in focus today.

Adani family to invest Rs 9,350 cr in green unit via issuance of warrants

The quantum of warrants constitutes up to 3.833 per cent of the share capital of the company. As of the September 23 ended quarter, promoters and promoter groups held a 56.26% stake in the company

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 signs PPA for 8,000 Mw solar power with Solar Energy Corp

With this, Adani Green now has tied up PPAs of 19.8 gigawatt (Gw). The balance in its 20.6 Gw locked-in portfolio is merchant capacity, the company said

Adani Green Energy completes power purchase project of 8,000 MW for SECI

Adani Green signed the final PPA with the company to supply 1,799 megawatts of solar power for 25 years

Adani Green Energy plans to raise $2 billion through debt next year

Ahmedabad-based Adani Green Energy Ltd. is exploring various instruments including private placement of debt, offshore bank loans as well as dollar and rupee bonds

Stocks to Watch: Adani Green, LIC, Tata Motors, Zomato, Railtel, Allcargo

Stocks to watch on December 22, 2023: The BSE and NSE have approved the cancellation of 'A' ordinary shares (DVR) of Tata Motors

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

Adani Green Energy announces incorporation of subsidiary Arasan Infra Two

Earlier on December 18, Adani Green had announced the incorporation of four step-down subsidiaries

Adani Green Energy announces incorporation of four step down subsidiaries

Adani Green Energy has incorporated four step down subsidiaries -- Adani Renewable Energy Sixty, Adani Renewable Energy Sixty Two, Adani Renewable Energy Sixty Three and Adani Renewable Energy Sixty Four. The four step down entities have an authorised and paid share capital of Rs 1 lakh each. In a regulatory filing on Monday, Adani Green Energy said its wholly-owned subsidiary Adani Renewable Energy Holding Nine Ltd has incorporated four wholly-owned subsidiaries on December 18. They are Adani Renewable Energy Sixty Ltd (ARE60L), Adani Renewable Energy Sixty Two Ltd (ARE62L), Adani Renewable Energy Sixty Three Ltd (ARE63L) and Adani Renewable Energy Sixty Four Ltd (ARE64L), it said. According to the filing, the main objective of the new subsidiaries is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind, solar or other renewable sources of energy. The new subsidiaries are registered with Registrar of Companies, Guja