Page 16 - Adani Group

Adani Wilmar share price soars 7% on acquisition of GD Foods; check details

The acquisition will be executed in multiple tranches, with 80 per cent of the shares to be acquired in the first tranche, and the remaining 20 per cent to be acquired over the next three years

Adani Wilmar to buy GD Foods to expand its value-added products portfolio

The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category

Adani Green raises $1.06 bn for debt refinance, first since US indictment

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

Adani Group's US investment plans likely back on track thanks to Trump

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

Adani Green crosses 12GW renewable capacity, added 275 MW solar project

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 Group to invest $18 billion in various projects across Assam, MP

Asia's second-richest person, on Tuesday, pledged spending Rs 50,000 crore in the northeastern state of Assam in areas including airports, city gas, transmission, cement and roads

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

Smallcap company, Jyoti Structures, bags Rs 389-cr order from Adani Energy

Jyoti Structures share price: Excluding Adani Energy's latest order, Jyoti Structures boasts of orders worth approximately Rs 2,000 crore, in hand

MPGIS 2025: Talks underway on setting up Deregulation Commission, says PM

Speaking at the MP Global Investors Summit 2025 in Bhopal, Adani mentioned that the Adani Group is in talks with the state government for additional investments

Adani Group releases tax transparency reports to rebuild investors' trust

The reports, published independently by seven of the group's listed entities, detail direct and indirect tax contributions across global

Adani lines up Rs 30K cr investment in Kerala for port, airport expansion

Gadkari assures Rs 3 trillion worth of road projects in state during current tenure of central government

'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

Adani Group plans to invest Rs 30,000 cr in Kerala in next 5 years

Adani Group will invest Rs 30,000 crore in Kerala in the next five years, a top executive said on Friday. The diversified group that is developing the Vizhinjam port and operating the airport at Thiruvananthapuram, will be developing a logistics and e-commerce hub as well as expanding its cement manufacturing capacity in the state. The group is developing the Vizhinjam port and has already invested Rs 5,000 crore. "We are committing an additional investment of Rs 20,000 crore," Adani Ports & SEZ Ltd Managing Director Karan Adani said at the Invest Kerala Global Summit here. He said the group will be expanding the capacity of the Thiruvananthapuram airport from 4.5 million passengers per annum, to 12 million passengers per annum with an investment of Rs 5,500 crore. Also, a logistics and e-commerce hub will be set up in Kochi and the cement manufacturing capacity will be increased in Kochi, he added. In total, Adani said the group will invest Rs 30,000 crore in the next five years

Stocks to Watch, Feb 21, 2025: Religare Ent, CIE Automotive, TCS, Vedanta

Stocks to Watch, Feb 21, 2025: Here is a list of stocks that could be buzzing in trade today

Ten Adani Group stocks settle in green; Adani Wilmar, NDTV climb over 3%

Ten Adani Group stocks ended higher on Thursday after the group said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024. Shares of Adani Wilmar jumped 3.48 per cent, NDTV surged 3.11 per cent, Adani Ports climbed 2.85 per cent, ACC rallied 1.10 per cent, Adani Energy Solutions went up by 1.04 per cent, Adani Total Gas (0.89 per cent), Ambuja Cements (0.61 per cent), Adani Power (0.44 per cent), Sanghi Industries (0.20 per cent) and Adani Green Energy (0.03 per cent) on the BSE. However, the stock of Adani Enterprises dipped 0.06 per cent. Adani Group on Thursday said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024 as it looked to reassure creditors and investors of a robust business profile. Cash balances exceed long-term debt repayments for the next 28 months, while portfolio-level cash balances were at R

Adani Group touts cash, strong Ebitda growth to reassure investors

Adani Group on Thursday said it has enough cash to service debt obligations and that its business achieved record pre-tax profits in the 12 months ending December 2024 as it looked to reassure creditors and investors of a robust business profile. Cash balances exceed long-term debt repayments for the next 28 months, while portfolio-level cash balances were at Rs 53,024 crore, the port-to-power conglomerate said in a report for the first nine months of the financial year ending March 2025 released on Thursday. "Sufficient liquidity is maintained across portfolio companies to cover debt servicing requirements for at least the next 12 months," it said. The cash balance as of September 30, 2024, compared with the Rs 59,791 crore balance generated in the full 2023-24 financial year (April 2023 to March 2024 or FY24 fiscal). Cash balance represents 20.5 per cent of gross debt. "These expanding cash flows have enabled consistent investments while keeping the leverage at an all-time low.

Adani Portfolio posts double-digit growth, record Ebitda till Dec 2024

Adani Portfolio, India's largest infrastructure group with businesses in cement and mining, has continued its strong double-digit growth despite external challenges. For the twelve-month period ending December 2024, EBITDA reached Rs 86,789 crore, marking a 10.1 per cent year-on-year growth. Adjusted for prior income, the growth stands at 21.3 per cent. In the December quarter alone, EBITDA rose 17.2 per cent to Rs 22,823 crore, a company statement said. A key to this growth is the emerging businesses under Adani Enterprises, including solar and wind manufacturing and airports. These businesses, part of AEL's infrastructure division, grew 45 per cent Y-o-Y in the December quarter and 33.3 per cent in the trailing twelve-month period. Since FY19, the Adani Portfolio has shown strong growth, with EBITDA expanding at a CAGR of 25 per cent, despite challenges such as the Hindenburg report and the ongoing US indictment. Around 85 per cent of the group's profits come from its infrastruc

PM Modi declared Adani issue personal matter, will he oblige US SEC: Cong

The Congress on Wednesday said Prime Minister Narendra Modi has already declared the Adani issue to be a personal matter and asked whether he would oblige the US Securities and Exchanges Commission's (SEC) request in the ongoing probe against the business group. The opposition party's assertion came after the SEC told a federal judge in New York that its efforts to serve its complaint on Gautam Adani and Sagar Adani in the alleged bribery scheme are ongoing. This included a request for assistance to the Indian authorities. Congress general secretary in-charge communications Jairam Ramesh said the SEC has just informed a New York district court that it has sought the assistance of the Modi government to serve complaints on the violations of US laws by Gautam Adani and some of his colleagues. "The PM has already declared the Modani issue to be a personal matter. Will he oblige the SEC?" Ramesh said on X. To a question on whether the issue relating to Adani figured in the talks, Modi