Page 4 - Adani Green Energy

Adani Green Energy arm bags 1250 MW pumped hydro storage project from UPPCL

Adani Green Energy on Tuesday said its arm Adani Saur Urja has bagged an order from Uttar Pradesh Power Corporation (UPPCL) for procurement of 1,250 MW energy storage capacity from pumped hydro storage projects. Adani Saur Urja, a wholly-owned subsidiary of the company, has received a Letter of Award (LOA) from UPPCL in this regard. The capacity is secured through the e-Reverse Auction conducted by UPPCL, a regulatory filing said. According to the statement, the Annual Fixed Cost payable under the LOA stood at Rs 76,53,226 per MW per annum (taxes extra) for the entire period of 40 years from the commercial operation date.

Adani Power share jumps 10% on heavy volume; other Group stocks rise too

Adani Power share price: Adani Power share surged in trade on news of Vidharbha Industries acquisition

Adani Green, Suzlon, Swan Energy: Stocks with biggest drop in PE ratio

Within the large-cap 100 universe, stocks from Adani group - Adani Green Energy and Adani Energy Solutions - have witnessed a 63 per cent and 54 per cent fall in their PE since September 2024-end

'Not a personal matter': Rahul Gandhi slams PM Modi over Adani bribery case

Last year, US Department of Justice accused Adani of being involved in a plan to pay a bribe of over $ 250 million to secure the solar power contracts in the US, worth billions of dollars

Adani Green Energy in talks with PFC to restructure $1.1 bn loan in rupees

The proposed fundraising comes after Adani Green Energy scrapped a $600 million dollar bond amid the US probe against founder Adani and and his nephew, Sagar Adani

US invokes Hague Service Convention in Adani bribery probe: What is it?

The US SEC has invoked the Hague Service Convention to serve legal documents to Gautam Adani and his nephew Sagar Adani. Here's you need to know about the convention

US SEC requests help from Indian authorities in Adani fraud probe

Last year, federal prosecutors in Brooklyn unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy

Stocks to Watch, Feb 14, 2025: TaMo, Nazara Tech, Hindalco, Paytm, NTPC

Stocks to Watch, Feb 14, 2025: From Nazara Tech to Hindalco, here are a few stocks that will on investors' and traders' radar during today's market session

Adani Green withdraws from wind energy, transmission projects in Sri Lanka

The projects in question included two wind power plants to be set up in Mannar and Pooneryn at a total investment of $442 million

Income Tax bill tabled, Modi-Trump meet, Adani Green's projects in Sri Lanka & more

Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha today. PM Modi arrived in Washington DC, today for a bilateral meeting with US President Donald Trump.

Adani Green withdraws from $442 million Sri Lanka wind power project

The Sri Lankan government had opted to review and renegotiate the terms to bring the cost below $0.06 per unit from $0.0826, negotiated by the previous administration

MSCI Feb Rebalancing: Hyundai Motor in, Adani Green out; check full list

Stock Markets Today: The changes announced during the February 2025 MSCI Index Review, will be implemented as of the close of February 28, 2025

Sri Lanka to renegotiate wind power purchase pact with Adani Green Energy

The Sri Lanka government will renegotiate the power purchasing agreement with Adani Green Energy for a 484 MW wind power project to bring the cost under USD 0.06 per unit, an official said on Tuesday. "We would want it to be below 6 cents US," government spokesman Nalinda Jayathissa told reporters here. The previous government's decision to sign a 20-year power purchase agreement for the 484MW wind plants at 8.2 cents US was disputed as local bidders had offered lower unit prices. Jayathissa's NPP had earlier vowed to annul the Adani green energy project. The new government in December decided not to sign an agreement at the purchase prices agreed by the previous government in 2023. The government refuted news reports that the Adani Green Energy projects in the northeastern regions of Mannar and Pooneryn projects are to be cancelled. However, the government-appointed committee would review the whole project. Adani Green Energy had also earlier rejected reports that the project h

Sri Lanka power project not cancelled, tariff is being re-evaluated: Adani

"Reports that Adani's 484 megawatt (MW) wind power projects in Mannar and Pooneryn have been cancelled are false and misleading," Adani Group spokesperson said

Sri Lanka revokes Adani wind power deal; Group denies cancellation claims

Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year

Adani Green Energy Q3FY25 results: Net profit jumps 85% to Rs 474 cr

Adani Green Energy Ltd (AGEL) on Thursday posted over 85 per cent rise in consolidated net profit to Rs 474 crore for December quarter on the back of higher revenues from power supply. The company had logged a net profit of Rs 256 crore in the year-ago period, according to a BSE filing. Revenue from power supply rose to Rs 1,993 crore in the quarter from Rs 1,765 crore in the same period year ago. "We are steadily developing the world's largest RE plant in Khavda, Gujarat as well as large-scale plants in Rajasthan and other sites, supported by well-aligned transmission planning." "Our updated strategy now includes largescale deployment of Battery Energy Storage Systems (BESS), given significant cost declines in last few quarters," CEO Amit Singh said in a statement. BESS can be deployed relatively quickly and will be crucial in grid integration, supporting rapid renewable growth and complementing the company's existing solar, wind and hydro pumped storage projects, Singh ...

Q3 results today: Ultratech, HPCl, Zee among 59 to post earnings on Jan 23

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

Two of the world's largest law firms to defend Adani in US indictment case

These law firms are the Chicago-based Kirkland & Ellis and Los Angeles-based Quinn Emanuel Urquhart & Sullivan LLP which specialises on business litigations

NTPC, Power Grid, NHPC, other power stocks rise up to 7% in trade today

In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year (Y-o-Y) rise in its cumulative installed capacity to 97.86 GW in 2024

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.