Page 2 - Adani Group

Adani pivots to local debt, aims to raise $10 billion over three years

A move last week by the US SEC to advance its stalled fraud case against Adani brought another reminder of the uncertainties burnishing the appeal of local funding

Adani Electricity becomes 1st private distributor to get AAA credit rating

Adani Electricity Mumbai Ltd has received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating on par with the sovereign, according to India Ratings. "The rating upgrade reflects strong regulatory support, improving credit metrics and sustained deleveraging, supported by stable cash flows under a cost-plus regulatory framework," India Ratings said in a statement. Acquired in 2018 from Anil Dhirubhai Ambani Group, Mumbai utility has seen a sharp turnaround under the Adani Group. Since the acquisition, the company has more than doubled its asset base to over Rs 10,000 crore, through sustained capital expenditure to meet rising electricity demand in India's financial capital. India Ratings cited "timely and cost-reflective tariff orders issued by the Maharashtra Electricity Regulatory Commission," adding that these have enabled "full recovery of past regulatory assets, including carrying costs, restoring regulatory balances to

Adani, Embraer sign MoU to establish aircraft making facility

This would be the first commercial aircraft final assembly line (FAL) to be established in India

SC sets aside Gujarat HC order on taking back grazing land from APSEZ

The apex court held that the order was passed without granting Adani an opportunity of hearing, either before the state authorities or the High Court

Adani Group, Embraer partner to set up regional aircraft assembly in India

Adani Group and Brazilian major Embraer on Tuesday announced a strategic collaboration that aims to have a final assembly for regional transport aircraft in India. India is one of the world's fastest growing civil aviation markets and the partnership will look to help enhance air connectivity to Tier 2 and 3 cities. The partnership was announced at a function at the civil aviation ministry in the national capital on Tuesday. Civil Aviation Secretary Samir Kumar Sinha said the collaboration is not just about assembling a regional aircraft but also about progressive technology transfer, skilling, having robust supply chain as well as making India a trusted manufacturing hub for regional aircraft. Adani Defence & Aerospace Director Jeet Adani said with the Embraer collaboration, a regional aircraft manufacturing facility will be set up in India. Embraer makes commercial jets with up to 150 seats. With the partnership, Adani Group, which already has a good presence in the fast-growin

Adani Enterprises shares jump 6% on multiple triggers; group stocks rebound

Adani Defence subsidiary firms completed an additional stake acquisition in Flight Simulation Technique Centre Pvt Ltd, taking its effective shareholding to 72.8 per cent

Adani Group, Embraer to set up commercial aircraft assembly line in India

Adani Group and Brazilian aerospace major Embraer are set to announce next week the plan to set up a final assembly line for civilian aircraft in India, a significant push for the efforts to make planes in the country. India is one of the world's fastest growing civil aviation markets and air traffic demand is rising, with airlines expanding their fleets and new airports coming up. A Memorandum of Understanding (MoU) wil be inked by executives of Adani Defence and Aerospace, and Embraer in the presence of Civil Aviation Minister K Rammohan Naidu on January 27 in the national capital. The plan is for setting up the Final Assembly Line (FAL) for making Embraer jets in the country, according to sources. Embraer makes commercial jets with up to 150 seats. With the FAL, Adani Group, which already has good presence in the fast-growing Indian aviation space, will be making its foray into building aircraft in India. One of the sources said that in due course after the operationalisation

Three years of Hindenburg report that shook Adani group firms' mcap

Three years after Hindenburg's report wiped out ₹16 trillion in value, Adani Group has seen a sharp recovery-and a fresh sell-off amid renewed global scrutiny

Adani group stocks lose $12.5 bn after US SEC move on email summons

Adani Group stocks slid sharply after a US SEC filing sought court approval to email summons to Gautam Adani, wiping out $12.5 billion in market value

US SEC seeks alternative pathway to advance stalled Adani fraud case

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

Adani Energy Solutions Q3 results: Profit falls 8% to ₹574 crore

Adani Energy Solutions Ltd (AESL) on Thursday posted an over 8 per cent decline in consolidated net profit to Rs 574.06 crore for December quarter, mainly due to higher tax expenses. AESL had logged a net profit of Rs 625.30 crore in the same period a year ago, the company said in an exchange filing. According to the filing, the company made a provision of total tax expenses of Rs 226.17 crore, whereas it had got tax credit of Rs 66.07 crore in the year- ago quarter. Total income however rose to Rs 6,944.44 crore from Rs 6,000.39 crore in the third quarter of 2024-25 fiscal, aided by increased revenues from key businesses. From transmission, the company earned a revenue of Rs 2,426.36 crore as against Rs 2,034.76 crore a year ago. Revenues from distribution business increased to Rs 3,103.62 crore from Rs 2,972.42 crore. "Q3FY26 adjusted PAT of Rs 574 crore increased by 30.4 per cent YoY translating from strong profitability at EBITDA and PBT level. The comparable PAT has been ...

SBI MF to buy at least 10% of Adani Power's record rupee bond issue

The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, ‌respectively, the bankers said

Adani Group unveils $66 billion Maharashtra investment plan at WEF 2026

In Maharashtra, the proposed investments are anchored by large-scale urban transformation and next-generation infrastructure projects

Adani group to invest ₹1.5 trn in Kutch, boost energy and port capacity

Karan Adani, managing director of Adani Ports & SEZ Ltd, on Sunday said that the Adani Group will invest Rs 1.5 lakh crore over the next five years in Gujarat's Kutch region. Adani was addressing the Vibrant Gujarat Regional Conference (VGRC) for the Kutch and Saurashtra regions held in Rajkot in the presence of Prime Minister Narendra Modi, Gujarat Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi, and several industry leaders. "The Adani Group is committed to investing Rs 1.5 lakh crore over the next five years in the Kutch region. We will complete our Khavda project and commission the full 37 GW capacity by 2030, and we will also double our port capacity at Mundra in 10 years," he said. Adani said that every one of these investments aligns with India's national priorities: employment generation, industrial competitiveness, sustainability, and long-term resilience. "At a time when the global economy faces uncertainty and fragmentation, India is emerging as a ..

Adani Total Gas slashes CNG, piped gas prices after PNGRB tariff reset

Adani Total Gas Ltd (ATGL), the city gas joint venture of Adani Group and French giant TotalEnergies, has cut prices of CNG and natural gas piped to household kitchens for cooking across multiple markets, delivering direct relief to them and motorists. CNG and domestic piped natural gas prices have been cut by up to Rs 4, the company said. The reduction follows the landmark tariff reform by the Petroleum and Natural Gas Regulatory Board (PNGRB), which has streamlined gas transportation charges and lowered input costs for city gas distributors. ATGL said the price reduction varies by geography, depending on transportation zones. In Gujarat and adjoining Madhya Pradesh-Maharashtra areas, CNG is now cheaper by Rs 0.50 to Rs 1.90 per kg while domestic PNG is down by up to Rs 1.10 per standard cubic metre. In Rajasthan, Punjab, Haryana-NCR, northern Madhya Pradesh and bordering Uttar Pradesh, CNG price has been reduced by Rs 1.40 to Rs 2.55 per kg while domestic PNG is cheaper by Rs 1.1

Adani Enterprises to launch public bond issue next week, say bankers

The planned fundraising also includes ₹500 crore in a greenshoe option, the bankers said, which firms typically exercise when pricing is favourable

Sensex@40: Legacy companies make way for modern businesses on the index

Over four decades, traditional players have ceded significant ground to state-run enterprises and new, institutionally owned businesses that now drive market growth

Adani Green Energy operationalises 307.4 MW renewable energy projects

Adani Green Energy (AGEL) on Wednesday said the company, through its various step-down subsidiaries, has operationalized an aggregate 307.4 MW power projects at Khavda, Gujarat, from January 1, 2026. With the commissioning of these plants, AGEL's total operational renewable generation capacity has increased to 17,237.2 MW, according to a regulatory filing. According to the filing based on relevant clearances, the company plans to operationalize these plants and commence power generation from January 1, 2026. Adani Hybrid Energy Jaisalmer Five Ltd operationalised the largest-capacity 126 MW hybrid project. Adani Green Energy Twenty Five C Ltd operationalised a 75MW solar project, while Adani Green Energy Twenty Six B Ltd synced 50 MW hybrid project. The other step-down arms, which operationalised renewable projects, are Adani Hybrid Energy Jaisalmer Five Ltd (31.2 MW of wind energy), Adani Green Energy Twenty Six B Ltd (25 MW of wind energy) and Adani Renewable Energy Forty One Ltd

Adani Group pushes for more flying rights to boost traffic at its airports

The Adani Group's stance contrasts with the country's two largest airlines, IndiGo and Air India, which want New Delhi to be cautious about opening local skies to overseas carriers

Adani Group plans ₹1.8 trn defence spend to boost military capabilities

Adani Group plans to invest Rs 1.8 lakh crore next year in defence manufacturing, with a focus on strengthening capabilities in unmanned and autonomous systems as well as advanced guided weapons as it looks to play a stealth anchor role in India's future warfare capabilities, sources said. Adani Defence & Aerospace in 2025 transitioned from extended planning cycles to rapid deployment with some of its military hardware being used in Operation Sindoor. Next year, it will invest in unmanned and autonomous systems, advanced guided weapons, sensors and electronics, AI-enabled multi-domain operations, and scaled-up maintenance, repair and overhaul (MRO) and training infrastructure, company sources said. Autonomous systems across air, sea and land domains are unmanned platforms that use sensors, software and secure networks to operate with minimal human intervention, expanding military reach while reducing risk to personnel. In the air, they include UAVs that conduct intelligence, ...