Page 18 - Adani Green Energy

How an easy govt timeline on green hydrogen provides a breather to Adani

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

Ahead of maturity in Sep 2024, Adani Group to pre-pay $1.1 billion

Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. "This is in continuation of promoters' assurance to pre-pay all share-backed financing," it said. This statement assumes significance in view of the allegations of fraud and stock manipulation by a short-seller against the Adani Group, which led to a steep fall in the share prices of group firms. "In light of the recent market volatility and in continuation of promoters commitment to reduce the overall promoter leverage backed by Adani listed companies shares, we are pleased to inform that promoters have posted the amounts to pre-pay USD 1,114 million ahead of its maturity of September 2024", the statement said. On pre-payment, 168.27 million shares of Adani Ports & Special Economic Zones ...

Adani fiasco brings down India's weight in the MSCI emerging markets index

The brutal selloff induced by the report has not only had an impact on Gautam Adani's personal wealth but also reduced India's weighting in MSCI's emerging-market benchmark

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Adani Green's dollar bonds plunge past junk levels as group fights crisis

Steep rise in yields raises questions about group's ability to raise fresh debt abroad

Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance

Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)

Rout in Adani Group stocks triggers panic sell-off in PSU banks

A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans

Adani group shares extend fall; Adani Total Gas tanks 51% in five days

Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.

Beside Adani Green, Adani Transmission; 14 other stocks hit new 52-week low

Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.

Counting losses: Adani group stock rout hits Rs 5.6 trillion in 3 days

Shares of Adani Green Energy and Adani Total Gas hit the 20 per cent lower circuit for a second day, closing at Rs 1,189 and Rs 2,342, respectively

Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows

Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows

Adani Group stocks sink up to 20%; CLSA sees limited risk to banks

Shares of the group's flagship company Adani Enterprises tumbled 6.2 per cent, while those of Adani Green and Adani Total Gas declined 15.5 per cent and 19.6 per cent, respectively

NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr

The remaining 50% of the equity shares will continue to be held by the government of Rajasthan

Entire op capacity now zero-waste-to-landfill certified: Adani Green Energy

Renewable energy firm Adani Green Energy on Tuesday said that its entire operating capacity is now zero-waste-to-landfill certified. "Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies has received the Zero Waste to Landfill (ZWL) certification for 100 per cent of its operating capacity," a company statement said. This assessment was undertaken by Intertek, which delivers innovative and bespoke assurance, testing, inspection and certification solutions. The robust audit procedure by Intertek was undertaken on the data/information until FY22, it stated. This certification validates that the AGEL has in place a fully effective waste management system for all its operational sites, it noted. The AGEL has successfully achieved the landfill diversion rate of 99 per cent. Ever since AGEL undertook the target to become a Zero-Waste-to-Landfill (ZWL) certified company for its 100 per cent of operating capacity by 2024-25, it has complied w

Adani Group shares trade firm in weak market; Adani Enterprises, AWL up 3%

Adani Enterprises, the flagship company of Adani Group, was up 3% to Rs 4,057.35 on the BSE in intra-day deal,. It was trading close to its record high level of Rs 4,098.10 touched on November 16

Stocks to Watch: Adani Green, Tata Motors, Kirloskar Bros, Dhunseri Tea

Stocks to Watch Today: Read analysis on why value investors could be seen taking selective punts on IT stocks in the near future.

Adani Green announces commissioning third hybrid plant in Rajasthan

Adani Green Energy Ltd (AGEL) on Monday announced commissioning of its third hybrid power plant in Rajasthan having generating capacity of 450 megawatts (MW). With this, AGEL said it has become the "world's largest wind-solar hybrid power developer" with an operational capacity of 1,440 MW. "AGEL has commissioned its third wind-solar hybrid power plant at Jaisalmer. The combined operational generation capacity of this newly commissioned hybrid power plant is 450 MW. The plant has Power Purchase Agreements (PPA) with SECI at Rs 2.67/kwh for 25 years," AGEL said in a statement. This project consists of 420 MW solar and 105 MW wind plants. In May 2022, AGEL had operationalized India's first hybrid power plant of 390 MW, followed by a 600 MW co-located hybrid power plant in Jaisalmer. The company's operational hybrid power generation capacity has reached 1,440 MW-mark, while the total operational generation capacity is 7.17 GW. AGEL has one of the largest global renewable portfolios

Adani Green announces raising JPY denominated facility to refinance debt

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

Adani Green raises JPY 27,954 mn through subsidiary to refinance debt

Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. This is an excellent result for AGEL, showing strong support from our lenders and demonstrates our ability to access bank debt at competitive terms in sync with the underlying asset development model to provide a long-term solution, said Phuntsok Wangyal, CFO, Adani Green Energy. Latham & Watkins LLP and Cyril Amarchand Mangaldas acted as legal counsels for the transaction.