Fitch assesses that the US indictment for alleged securities and wire fraud reflects a corporate governance risk
On Friday, Fitch Ratings affirmed Adani Energy Solutions Limited's (AESL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'
The US indictment may lead to negative rating action in the near to medium term for Adani Energy
Stock market today: The Centre has elevated IRCTC and IRFC from Miniratna I to Navratna status
The lender is said to have offered a fixed rate loan for the full term with a commitment to hold it until maturity at the end of 19 years
Adani Green Energy Ltd had earlier shelved its planned $600 million bond offering in November 2024 following the US indictment of key executives, including Chairman Gautam Adani
In February 2025, Trump ordered a halt to FCPA enforcement, a move that industry observers believe could weaken the legal case against the Adani executives
Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan
Adani Green Energy (AGEL) on Friday said its total operational renewable energy generation capacity has increased to 12,258.1 MW with the commissioning of an additional 275 MW of solar power project at Khavda, Gujarat. "Adani Green Energy Twenty Five A Ltd, wholly-owned step down subsidiary of the company has operationalized an incremental 275 MW of solar power project at Khavda, Gujarat," a regulatory filing said. According to the statement, with the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 12,258.1 MW. Based on the relevant clearances, it was decided on February 27, 2025 to operationalize the plant and commence power generation from February 28, 2025, it added. According to a company statement, AGEL, India's largest renewable energy (RE) company has surpassed a record 12,000 megawatts (MW) of operational portfolio. AGEL is the first and only renewable energy company in India to reach this landmark. AGEL's 12,258.1 MW .
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 price: Adani Power share surged in trade on news of Vidharbha Industries acquisition
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
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
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
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
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: From Nazara Tech to Hindalco, here are a few stocks that will on investors' and traders' radar during today's market session
The projects in question included two wind power plants to be set up in Mannar and Pooneryn at a total investment of $442 million
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.
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