Page 21 - Adani Green Energy

Shareholders nod to Ahlem Friga Noy appointment as Adani Green director

Adani Green Energy said it has received shareholders' approval to appoint Ahlem Friga Noy as a non-executive, nominee director in the company. Shareholders of the company has approved the appointment of Ahlem Friga Noy as a director (non-executive, nominee director) in an Extraordinary General Meeting (EGM) of the company held on Wednesday, October 26, 2022, a BSE filing showed. According to the notice for the EGM, the board had recommended for the approval of the members for the appointment of Ahlem Friga Noy as a director of the company, from 27th July, 2022. The approval of shareholders for the appointment of a person on the board of directors has to be taken either at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier. Accordingly, it explained that the approval of the shareholders is sought to comply with the listing regulations. Ahlem had given her consent to act as a director of the company. She is a seasoned

India's green energy firms join hands to develop carbon-credit market

India's green energy companies, such as Adani Greens, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals

Inox Green Energy Services sells entire stake in 3 arms to Adani Energy

Inox Wind on Monday said its arm Inox Green Energy Services has sold its entire equity stake in three special purpose vehicles to Adani Green Energy. "Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing. These special purpose vehicles (SPVs) "commissioned 50 MW each, out of the total 250 MW which it had successfully won under the Tranche 1 of Solar Energy Corporation of India Ltd's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid...," it added. IGESL shall provide long-term operations and maintenance services for these projects. Inox Wind through its SPVs had supplied, erected and commissioned 25 units of its advanced 2 MW Wind Turbine Generators (WTGs) as part of 50 MW project each. Inox Wind had won 250 MW in SECI Tranche 1 auction at a fixe

Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

Adani Wilmar, Adani Power freeze at 5% upper circuit; Ambuja Cements up 4%

Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission were trading higher in the range of 2 per cent to 4 per cent

Stocks to Watch: RIL, ONGC, OMCs, DLF, SpiceJet, Zee, BoB, Apollo Hospitals

Stocks to Watch Today: Shares of oil producers and marketing companies are likely to be in focus following the steep production cut by OPEC+.

Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects

Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month

Adani Greens forms 3 new subsidiary companies for renewable energy biz

Adani Renewable Energy Holding Four Limited has incorporated three new subsidiary companies for renewable energy business. In a statement on Monday, Adani Green Energy Ltd (AGEL) said Adani Renewable Energy Holding Four Limited is its own subsidiary and the newly incorporated entities are its step-down subsidiaries. "Adani Renewable Energy Holding Four Limited has incorporated 3 new subsidiaries. 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 energy, solar energy or other renewable sources of energy," it said. The names of three new subsidiary companies are Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty Limited and Adani Renewable Energy Forty Seven Limited. The subsidiaries were incorporated and registered with the Registrar of Companies, Gujarat at Ahmedabad on October 3, 2022 and are yet to commence its business operations.

Adani Group stocks crack; Adani Enterprises, ATGL hit 10% lower limit

Adani Enterprises and Adani Total Gas were the major losers among the group stocks, as they hit the 10 per cent lower circuit in intraday deals.

Adani Green Energy up 20% on heavy volume; exchange data shows block deal

In September, Spitze Trade and Investment Limited, one of the promoters of AGEL acquired 4 million equity shares representing 0.25 per cent of total equity of the company via open market deals.

Adani Green commissions largest 600 MW wind-solar plant in Rajasthan

Adani Green Energy Ltd (AGEL) on Thursday said it has commissioned the world's largest wind-solar power plant of 600 MW capacity in Jaisalmer, Rajasthan. The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kwh for 25 years, a company statement said. The project consists of 600 MW solar and 150 MW wind plants, it said adding it shall not only reduce intermittency of renewable energy power, but also help the country in optimal utilisation of transmission network. In May 2022, AGEL operationalised India's first hybrid power plant with a capacity of 390 MW in Jaisalmer. With the commissioning of the 600 MW plant, AGEL now has total operational generation capacity of 6.7 GW, including operational hybrid power generation capacity of 1 GW, the largest in the world, it said. This puts AGEL's total renewable portfolio of 20.4 GW well on track to reach its vision of 45 GW capacity by 2030. The 600 MW hybrid plant is housed in two AGEL subsidiar

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

Top headlines: Adani's $100-bn green energy push; Saab to produce in India

The group has earmarked 70 per cent of its new investments for energy transition space and infrastructure. "We are already the world's largest solar player, and we intend to do far more

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices

Gautam Adani earned Rs 1,612 crore a day in 2021: Hurun India

Adani was far ahead of Reliance Industries' chairman Mukesh Ambani (Mukesh Ambani & family), whose wealth rose 11 per cent in the last one year

Stocks to Watch: IRCTC, McLeod Russel, Sugar, Adani Ports, Gail, Dish TV

Stocks to Watch Today: Oil related shares are likely to be in focus on Tuesday as the oil ministry sought a review of the windfall profit tax on domestically produced crude oil.

Adani Green commissions 325-MW wind power project in Dhar district of MP

Adani Green Energy Limited has commissioned a 325-megawatt wind energy plant in Dhar district of Madhya Pradesh. With the commissioning of this plant, its operational generation capacity has increased to 6.1 gigawatt (GW), Adani Green Energy Limited (AGEL) said in a statement on Monday. "Adani Wind Energy MP One Private Ltd (AWEMP1PL), a subsidiary of AGEL, has commissioned a 324.4 MW wind power plant in Dhar, Madhya Pradesh," it said. The plant has two 25-year Power Purchase Agreements (PPAs) with Solar Energy Corporation of India (SECI), one for 274.4 MW energy and another for 50 MW power, at a tariff of Rs 2.83 per kwh (kilowatt hour). The newly commissioned plant will be managed by the Adani Group's 'Energy Network Operation Centre' platform, which provides technological assistance. In the statement, the company did not disclose any financial details of the project. According to industry estimates, to set up every 1 MW of solar capacity, an investment of over Rs 4.5 crore is

Suzlon Energy freezes at 20% upper circuit on heavy volumes

As of 10:08 AM, a combined 228 million equity shares had changed hands in less than hour of trades with pending buy orders for around 45.83 million shares on the NSE and BSE.

Adani Green could replace Dr Reddy's in Sensex during December review

If added, Adani Green will be the first stock from the group in Sensex. After the inclusion of Adani Enterprises by September-end, Nifty will have two Adani group constituents

Top headlines: Economy grows at fastest pace, Tata Sons amends AoA and more

With this, Tata Sons and Tata Trusts, which own 66 per cent of the group, must have separate chairmen