Page 12 - Adani Group

Adani Group plans to build India's largest battery storage system

The project will support grid stability and the supply of renewable power, making Khavda the largest combined renewable and storage park in the world

Adani Enterprises extends decline, down 5% in 2 days; here's why

Adani Enterprises in its Q2 earnings presentation said that EBITDA was impacted primarily on account of decrease in trade volume and price volatility in IRM and Commercial Mining.

Adani Enterprises to raise up to ₹25,000 crore through rights issue

Adani Enterprises will raise ₹25,000 crore through a partly paid-up rights issue to strengthen its balance sheet and fund its next phase of growth across airports, energy, and digital infrastructure

Bangladesh says Adani deal could be scrapped if irregularities found

Bangladesh's interim government has said that it will not hesitate to cancel an existing power contract with India's Adani group if any irregularities or corruption are proven. The 2017 power supply deal between Adani Power and Bangladesh had come in for scrutiny after the ouster of the Sheikh Hasina-led government last year. The contracts (generally) state that no corruption has occurred, but if proven otherwise, cancellation is possible, Energy Affairs Adviser Muhammad Fouzul Kabir Khan was quoted as saying by local media. The adviser was reacting to an interim report submitted by a National Review Committee, which was formed to review the power sector contracts by the Hasina regime. There was no immediate reaction from the Adani group on the adviser's comments. The National Review Committee, headed by retired High Court judge Moinul Islam Chowdhury, recently submitted its interim report on alleged corruption during deals inked under the Hasina regime. The committee is expected

Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO

Adani Energy Solutions (AESL) has planned up to Rs 18,000 crore capital expenditure, including Rs 6,000 crore already spent on various projects, in the current fiscal year, a senior official said during an earnings call. Replying to a question of capital expenditure on a consolidated basis, AESL CEO Kandarp Patel said, "For the full year, we will do about Rs 11,400 crore in transmission, Rs 1,600 crore in distribution and Rs 4,000 crore in smart metering. So, in smart metering, we'll add about Rs 2,000 crore. In distribution, we'll add about Rs 1,100 crore in the second quarter. And in transmission, we'll add about Rs 8,000 crore in the second quarter." He said the total capex will be of the order of Rs 17,000-18,000 crore and Rs 6,000 crore has been spent so far. Of the Rs 6,000 crore already spent, Rs 3,350 crore was on transmission, about Rs 700 crore in distribution and about Rs 2,000 crore in smart metering. Patel said the company will have a capex of about Rs 10,000 crore for

Adani Airports to launch AI-powered multilingual helpdesk for passengers

The Adani Group currently operates seven airports - in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram

Adani Airports partners with AIONOS for AI-based passenger services

Adani Airport Holdings Ltd has entered into a collaboration with AIONOS for implementing an artificial intelligence-driven system to provide personalised passenger experience at airports. AIONOS, part of InterGlobe Enterprises, will provide a consistent engagement experience and personalised multilingual support for passengers. Both companies signed a deal in the national capital on Thursday. "The AI-driven solution will act as a 24x7 intelligent concierge, helping travellers access flight updates, gate information, baggage status, directions and airport services instantly in multiple languages," a release said. The services will be offered in English, Hindi and other languages. With AIONOS' agentic AI platform, Adani Airports will be able to engage with customers and staff across multiple touchpoints, including voice, chat, and mobile. Adani Airport Holdings Ltd (AAHL) CEO Arun Bansal said the new AI system will transform the passenger experience. Together with its in-house off

Adani Group stocks zoom up to 14% on Wed; what's driving the rally here?

Among the frontline Adani stocks - Adani Enterprises, Adani Power and Adani Ports and Special Economic Zone were up in the range of 3 per cent to 5 per cent on Wednesday.

Q2 results today: Adani Energy, Raymond, JK Tyre among 44 firms on Oct 27

Many companies, including Sona BLW Precision, Chennai Petroleum, Bata India, and Indus Towers, will release their Q2FY26 earnings reports today

Major US, global insurers, not LIC, led Adani's recent $10 bn investments

Life Insurance Corporation of India's investment in Adani group companies may be under the spotlight, but recent data shows that some of the largest investments in entities controlled by billionaire Gautam Adani have come not from the state insurer but from major US and global insurers. In June 2025, a month after USD 570 million (Rs 5,000 crore) investment by Life Insurance Corporation (LIC) in Adani Ports & SEZ, US-based Athene Insurance led a Rs 6,650 crore (USD 750 million) debt investment in Adani's Mumbai International Airport, joined by several leading international insurance firms. Apollo Global Management -- Athene's parent company -- in a statement on June 23 stated that its managed funds, affiliates, and other long-term investors had completed a USD 750 million "investment grade rated financing" for Mumbai International Airport Ltd (MAIL). This was Apollo's second large financing for MIAL, following its previous financing that provided operational flexibility to ...

Made investments in Adani firms independently after due diligence, says LIC

Life Insurance Corporation of India (LIC) on Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does not have any role in such (investment) decisions," LIC said in a statement posted on X. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Its investment value in India's top 500 companies has grown 10-fold since 2014 -- from Rs 1.56 lakh crore to Rs 15.6 lakh crore -- reflecting strong fund management. "The investment decisions are taken by LIC independently as per Board-approved policies after detailed due diligence," LIC said. "LIC has ensured the highest standards of due diligence and all its investment decisions have been undertaken in compliance with extant policies, provisions in the Acts an

Savings of LIC's 300 mn policyholders 'misused' to benefit Adani: Congress

The Congress on Saturday alleged that the savings of Life Insurance Corporation's 30 crore policyholders were systematically misused to benefit the Adani Group and demanded that Parliament's Public Accounts Committee investigate how LIC was forced to make investments in the conglomerate. There was no immediate response from the Adani Group or the government on the Congress' allegations. Congress general secretary in-charge of communications Jairam Ramesh said disturbing revelations have just emerged in the media about how the "Modani joint venture systematically misused the Life Insurance Corporation of India (LIC) and the savings of its 30 crore policyholders". "Internal documents reveal that Indian officials drafted and pushed through a proposal to invest about Rs 33,000 crores of LIC funds in various Adani Group companies in May 2025," he said. The reported goals were to "signal confidence in the Adani Group" and to "encourage participation from other investors", he said in a ..

Gautam Adani unveils 'Two-Track Organisation' for AI-driven transformation

Speaking at the "Second Shantilal Adani Lecture Series" on Tuesday, Adani emphasised that "ambition without financial discipline is just theory"

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

Google to invest $15 billion by 2030 to develop AI hub in Andhra Pradesh

The Visakhapatnam-based AI hub, Google's largest India investment, will house a gigawatt-scale data centre and strengthen India's position in global AI infrastructure

Adani Group's ROA hits 16.5%, among highest globally in infrastructure

Adani Group chairman Gautam Adani said the conglomerate's return on assets (ROA) rose to 16.5 per cent in the financial year 2024-25 -- placing it among the top performers in the global infrastructure sector. Speaking at the Group's annual Shantilal Adani Lecture Series, Adani attributed the performance to disciplined growth and efficient capital deployment. "This figure demonstrates that our growth is profitable, our assets are productive, and our capital is working with precision," he said. The Group's net debt-to-EBITDA ratio stood at 2.6x, reflecting a conservative leverage profile. With robust internal cash flows, Adani said the company expects to self-fund a large share of its USD 100 billion five-year capex plan, reducing reliance on external markets. "This high ROA does more than generate cash. It fortifies our credibility with lenders, deepens investor confidence, and underpins our ability to take bold bets while preserving balance sheet integrity. It is the invisible ...

Adani to partner with Google for India's largest AI hub in Visakhapatnam

The project will include massive data centres, subsea cable links and clean energy systems in Visakhapatnam to power India's advanced AI operations

Cement maker ACC equity value sees sharp fall after Adani acquisition

ACC and Ambuja Cements were acquired by Adani group in September 2022 from LafargeHolcim Group.

Adani moves SC to support Sahara plea seeking nod to sell 88 properties

Sahara is not limiting its request to the 88 properties, as the company has asked the court to permit the sale of these and other assets

SC to hear Sahara firm's plea Tuesday on sale of assets to Adani Properties

The Supreme Court is likely to hear on Tuesday a plea of Sahara India Commercial Corporation Ltd (SICCL) seeking its nod to sell various properties, including Amby Valley in Maharashtra and Shahara Saher in Lucknow, to Adani Properties Private Limited. As per the apex court website, a special bench comprising Chief Justice B R Gavai and Justices Surya Kant and M M Sundresh will hear the plea at 2 pm on Tuesday. On Monday, a lawyer sought the hearing of a separate plea seeking release of the salaries of employees of a Sahara group firm. He said salaries of employees of the Sahara Communications have been withheld since 2014. Another counsel, appearing for one of the purchasers of Sahara properties, sought listing of another plea seeking directions to market regulator Securities and Exchange Board of India (SEBI) to release the documents pertaining to sale of certain properties. The SICCL had moved the top court seeking its permission to sell various properties, including Amby Valley