Adani Group

Adani Enterprises, France's Dioxycle to build low-carbon chemicals in India

Adani Enterprises Ltd has partnered with French clean-technology company Dioxycle to develop low-carbon chemical manufacturing in India, beginning with a pilot plant to produce formic acid using captured carbon dioxide and renewable electricity, the companies said on Friday. The project will be located at an Adani Group site and aims to demonstrate how captured carbon emissions can be converted into industrial chemicals using renewable power. Subject to successful validation of the pilot, the partners plan to scale up the technology for commercial production. Formic acid is used across industries including textiles, agriculture and manufacturing. The partnership marks Adani Group's entry into low-carbon chemicals, expanding beyond its renewable energy and infrastructure businesses. The companies said they will also explore producing other industrial chemicals used in sectors such as energy, materials, packaging and manufacturing, many of which continue to rely on fossil fuel-based

Adani group stocks jump up to 7%; rub-off effect after Helios' move?

Shares of Adani group companies rallied up to 7% in intraday deals today after Samir Arora's Helios Capital picked up stake in the flagship Adani Enterprises.

Singapore's Helios bets on flagship Adani stock, buys 770,000 shares of AEL

The Singapore-based asset manager bought about 770,000 shares of Adani Enterprises Ltd. in the second quarter across three of its funds, two of which were first-time buyers

Govt probe finds Adani's Mumbai airport shops sold illegal nicotine pouches

Official investigation found nicotine pouches were sold without regulatory approval at Mumbai airport's duty-free outlets, while Adani Group argues the relevant drugs law does not apply to such shops

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment

CM Yadav, Scindia lay foundation for Adani defence manufacturing unit in MP

Madhya Pradesh Chief Minister Mohan Yadav and Union minister Jyotiraditya Scindia on Sunday laid the foundation stone for a defence manufacturing plant being established in Shivpuri district. The unit is being set up by Adani Defence and Aerospace, a subsidiary of the Adani Group, at a cost of about Rs 2,500 crore, said officials. It will provide new impetus to Prime Minister Narendra Modi's vision of industrial development under the Atmanirbhar Bharat and Make in India campaigns. The plant will comprise a missile complex, a composite propellant complex and a TNT complex, they said. The unit will create direct and indirect employment opportunities, including for local people, while small and medium enterprises in the region will have the opportunity to connect with the defence production supply chain, they said. Adani Group's Karan Adani and Jeet Adani also took part in the foundation-laying ceremony. During the event, Yadav and Scindia also inaugurated and performed the ...

Decision to drop Adani charges not tied to planned investments: US DOJ

The US Department of Justice has denied that its decision to drop criminal charges against Indian billionaire Gautam Adani and seven others was linked to the Adani Group's plans to invest about USD 10 billion in the United States, saying the prosecution was legally unsustainable and should never have been brought. In a filing, responding to a federal judge's demand for a fuller explanation, Principal Associate Deputy Attorney General R Trent McCotter rejected media reports suggesting the dismissal was influenced by the conglomerate's investment plans. "The current or former Department attorneys... have suggested that I sought dismissal of the securities charges at least in part because of some promise by those defendants to invest money in the United States. That is false," McCotter wrote. "I would have sought dismissal of the securities charges regardless of any mentions of investments," he added, saying he had already concluded that the case should be dropped before the issue was

CPI(M) alleges IAS officer's removal as Vizhinjam MD was to benefit Adani

The opposition CPI(M) on Saturday alleged that the recent removal of IAS officer Divya S Iyer as the Managing Director of Vizhinjam International Seaport was aimed at benefiting the Adani Group, and demanded that Chief Minister V D Satheesan explain the reasons behind her transfer. Senior CPI(M) leader and Kannur district secretary K K Ragesh made the allegation in a Facebook post amid the ongoing controversy over Adani Ports and Special Economic Zone Ltd's (APSEZ) proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the port concessionaire, to Switzerland-based shipping giant Mediterranean Shipping Company (MSC). Ragesh alleged that Iyer had played a key role in safeguarding the state's interests by resisting attempts to alter provisions of the Vizhinjam port concession agreement and claimed that Adani authorities had made repeated efforts to have her removed from the post. He further alleged that the then Chief Minister Pinarayi Vijayan had ...

Adani Group seeks Kerala govt approval for Vizhinjam port stake sale

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Adani Group, UAE's IHC plan $11.5 billion aluminium investment in Odisha

Project set to become India's largest foreign mining investment

Adani Green becomes first Indian firm to hit 20 GW renewable capacity

Adani Green Energy Ltd on Wednesday said it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first clean energy player in India to achieve the milestone through greenfield development. The company generates over 52 billion units of clean electricity annually. The output accounts for nearly 3 per cent of India's electricity consumption, which is enough to power New York City for a year, or almost the combined electricity needs of Mumbai and New Delhi, the Adani Group company said in a statement. The milestone has been achieved within a decade of commissioning AGEL's first renewable energy project at Kamuthi in Tamil Nadu in 2016, making it India's largest and fastest greenfield renewable energy capacity addition company. The company added 5,051 megawatts (MW) in FY26, the highest annual renewable capacity addition by any company outside China. Commenting on the milestone, Sagar Adani, Executive Director, Adani Green Energy Ltd (AGEL), said, ...

US judge seeks reasons for dropping criminal charges against Gautam Adani

The Justice Department said last month it would no longer pursue the prosecution

Adani's lawyers ask US court to formally end bribery case after DOJ retreat

The Indian billionaire's lawyers argued that the case falls outside US jurisdiction and that prosecutors cannot prove the alleged bribery in India

Adani group firms rally after AGM; Morgan Stanley raises Adani Power target

Group companies gained after Gautam Adani outlined expansion plans at the AGM, while Morgan Stanley raised its target price for Adani Power and retained an overweight rating

Adani Group unveils plan for 10 GW nuclear energy capacity by 2035

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Adani Group AGM: Gautam Adani shares three-pronged plan; focus on workforce

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce

Adani Mundra Airport opens commercial operations with inaugural Goa flight

Adani Mundra Airport on Tuesday commenced commercial operations with the inaugural flight landing from Goa. This air link, in a strategic partnership with Star Air, is set to unlock unprecedented economic potential for the Kutch region, transforming it into a fully integrated, multi-modal logistics and business hub, Adani Group said in a statement. The launch of eight new air services by Star Air from Tuesday will create an express corridor, reducing travel time for trade, commerce, logistics and tourism, fuelling the economic engine of India's largest port Mundra. The other cities that Star Air will connect Mundra with include Hindon, Surat, Belagavi, Bengaluru, Kolhapur and Nanded. The new airport terminal was inaugurated by Adani Airports Holding Ltd Director Jeet Adani. Built on the Adani Group's proven development model, the Mundra Airport is engineered for efficiency and growth, the statement said. A 1,900-metre runway can handle a wide range of passenger and cargo aircraft

Reliance, Adani, Vedanta among firms keen on Andhra rare earth projects

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity

Foreign funds move SAT against Sebi over adjudication procedure dispute

Five FPIs named in Hindenburg Research's Adani report have challenged Sebi's adjudication process, alleging procedural lapses in the handling of show-cause notices

Adani Energy to acquire smart meter player IntelliSmart for ₹3,050 crore

Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said. According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent equity stake in IntelliSmart Infrastructure. The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters. The proposed Rs 3,050 crore transaction includes the acquisition of 100 per cent of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The completion of the transaction is subject to regulatory and other customary approvals. IntelliSmart is among leading ow