Page 3 - Adani Group

Adani Group to invest up to ₹12 trillion in India by 2031: Gautam Adani

Ports-to-energy conglomerate Adani Group is all set to invest up to Rs 12 lakh crore in India in the next six years, chairman Gautam Adani said. The sizeable investments will be made in infrastructure, mining, renewable energy and ports, among others, he said. "There is huge investment potential. We will invest Rs 10 to 12 lakh crore in India in the next six years," Adani told PTI. The corporate India and industrialists are aligning with Prime Minister Narendra Modi's call for self-reliance, a mission described as "India's new Independence", the billionaire said. "Struggle for achieving self-reliance is on...the Prime Minister (Narendra Modi) has also given a call for this...That is a new Independence. That is what every industrialist and every group is working on," Adani told PTI. He was here to attend the centenary celebrations of IIT (ISM) Dhanbad. The proposed investment will include infrastructure, technology, energy transition, ports and other things, he said. "We have inv

Will invest over $75 bn in energy transition space in 5 yrs: Gautam Adani

Adani Group chairman Gautam Adani on Tuesday said the conglomerate will invest over USD 75 billion in the energy transition space over the next five years, asserting that the country must do what is best for itself, define its own development path and resist external pressures. Speaking at the 100th foundation day of the Indian Institute of Technology (Indian School of Mines), Dhanbad, Adani said the group is building the world's largest renewable energy park at Khavda in Gujarat, spread over 520 sq km. "At full capacity by 2030, this park will generate 30 gw of green energy. At average household consumption, this is equivalent to powering over 60 million homes a year," he said. "With the first 10 GW already commissioned, we are on track to deliver the world's lowest-cost green electron, setting a global benchmark in energy transition," he added. Adani said India is the world's third-largest electricity consumer, but its per capita consumption remains "less than 1,400 kWh a year, l

Adani Green integrates TNFD framework for nature-positive renewable growth

Adani Green Energy Ltd (AGEL) on Monday said it has integrated the guidance of the Taskforce on Nature-related Financial Disclosures (TNFD) into its core sustainability strategy, reinforcing its shift toward nature-positive renewable energy development. The TNFD framework is a global, science-led initiative founded by the United Nations Environment Programme Finance Initiative, the United Nations Development Programme, the World Wildlife Fund and Global Canopy. It provides a structured framework for organisations to identify, assess, manage and disclose nature-related risks and opportunities. By aligning with the TNFD framework, AGEL strengthens its leadership among global renewable companies integrating biodiversity considerations into strategic decision-making, supporting both global conservation priorities and India's climate leadership. This strengthens AGEL's ambition to transition from traditional Environmental, Social, and Governance (ESG) compliance to a more integrated, ..

Adani, Hindalco eye investments in Peru's copper sector as demand surges

India, the world's second-biggest importer of refined copper, may have to source 91 per cent-97 per cent of its copper concentrate requirements from overseas by 2047

Adani Group plans to invest $15 bn to boost passenger capacity at airports

The expansion ties in with a projected increase in India's air traffic, with passenger numbers expected to more than double to 300 million annually by 2030

Adani Enterprises completes ₹231 cr acquisition of Trade Castle Tech Park

Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani's group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer which owns sizeable land parcels. AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, had executed a share purchase agreement on November 21, 2025 with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL. The acquisition was to set up infrastructure facilities, it had said without elaborating. "AdaniConneX Pvt Ltd has completed the acquisition of 100 per cent stake of Trade Castle Tech Park Pvt Ltd and thereby TCTPPL has become a step-down joint venture of the company," AEL said in a stock exchange filing. The purchase consideration for the acquisition is Rs 231.34 crore, Adani Enterprises Ltd (AEL) had said on November 21. "TCTPPL is incorporated in India and

FinMin does not advise LIC; its Adani investments as per SOPs: Sitharaman

Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Following due diligence as per established standard operating procedures (SOPs), it has bought shares across half a dozen listed companies of Adani Group, whose book value stands at Rs 38,658.85 crore and invested another Rs 9,625.77 crore in debt instruments of the conglomerate. "The Ministry of Finance does not issue any advisory/direction to LIC in connection with matters related to investment of LIC fund," she said in a written reply to a question in Lok Sabha. The investment decisions of the state-owned insurer, she said, are taken by "LIC alone ...

Court bars Carmicheal mine opponent from pursuing Adani's confidential data

The Supreme Court of Queensland has issued permanent orders preventing an anti-fossil-fuel activist from seeking or using confidential information belonging to Adani's Carmichael coal mines in Australia, concluding a multi-year legal dispute between the company and one of its most persistent opponents. Under the orders, Ben Pennings must cease all attempts to obtain confidential business information from Bravus employees, contractors or prospective contractors, and is barred from encouraging others to disclose such information, according to a statement issued by Bravus Mining and Resources. Bravus, part of the Adani Group, agreed not to pursue its legal costs. The firm operates the Carmichael coal mine in the Galilee Basin. It produces about 10 million tonnes of coal each year for the export market. The permanent orders prohibit Pennings from seeking or promoting the disclosure of confidential information, including through "direct action" campaigns aimed at eliciting insider leaks

Adani group pegs market borrowings at ₹90,000 cr in FY27: Jugeshinder Singh

Adani Group plans to raise ₹90,000 crore in FY27 to fund a ₹1.5-trillion annual capex push across power, logistics, airports, data centres and potential Sahara asset acquisitions

Adani plans $5 bn investment in Google AI data hub in South India: CFO

The details of the investment are still being finalized, Singh told reporters at an event in Mumbai. Adani Enterprises Ltd. last month announced a partnership with Alphabet Inc., via AdaniConneX Pvt

Adani gets environmental nod for luxury airport hotel in Thiruvananthapuram

The Union Ministry of Environment, Forest and Climate Change cleared a Rs 136-crore luxury hotel proposal by Adani Airport Holdings Ltd within the Thiruvananthapuram International Airport premises. The approval followed a detailed review by the Expert Appraisal Committee (Infra-2) during its August meeting, sources said on Tuesday. The project, spread across a little over 8,000 sq m inside the airport area, includes a 240-room hotel with food-and-beverage facilities offering 660 seats. According to official documents, the site is currently used as an open parking area within the airport, operated by the Adani Group. The land was handed over to the Adani Group's airport arm under a long-term concession agreement signed with the Airports Authority of India in January 2021. The proposed five-storey structure will have a height of 23 metres, with two basement levels for parking, a ground floor and four upper floors. The total built-up area is estimated at nearly 34,000 sq m. Authorit

Adani group JV firm acquires Trade Castle Tech Park for ₹231 crore

An Adani group joint venture company has acquired infrastructure developer Trade Castle Tech Park, which owns sizeable land parcels, for Rs 231.34 crore. AdaniConneX (ACX), a joint venture of Adani group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA) on November 21, 2025, with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL, AEL said in a stock exchange filing. "The object of acquisition is to set up infrastructure facilities," it said without elaborating. "The acquisition is expected to be completed by the end of November 25, 2025." The purchase consideration for the acquisition is Rs 231.34 crore, AEL said. "TCTPPL is incorporated in India and registered with the Registrar of Companies, Maharashtra, Mumbai, on October 16, 2023, with an object for carrying out infrastructure development activities. While

Adani Group exits AWL with sale of remaining 7% stake in block deal

Adani Group has sold its remaining 7 per cent stake in Adani Wilmar Ltd in a block deal that attracted strong institutional demand. Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake, according to people familiar with the transaction. Several international investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block. Market sources add that Wilmar's long-term institutional partners such as GIC are expected to increase their exposure to AWL as the promoter structure stabilises. Earlier this week, the Adani Group had sold 13 per cent stake in AWL to bring its exposure down to 7 per cent. AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has completed a major shareholder reshaping after Adani Enterprises fully exited its 44 per cent stake, including the final 7 per cent clean-out block placed on November 20 at Rs 275 per share. The total realisat

JP Power shares soar 29% in 2 days; how much can the stock gain? Tech view

Adani-JAL impact: Jaiprakash Power Ventures stock zooms 29% in two days; tech chart suggests the stock could re-visit July-month highs. Here are the key levels to watch out for.

Adani group wins lenders' vote to take over Jaiprakash Associates

Adani group has won majority lenders' vote for take over of debt-laden Jaiprakash Associates as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said. A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani got the maximum 89 per cent votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group, they added. The National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committee of Creditors' (CoC) voting share. A small group of lenders, including State Bank of India and ICICI Bank - who together account for less than 3 per cent of CoC's votes - abstained from voting. Sources said lenders preferred Adani's plan primarily because it offered a significantly higher upfront payment compared to competing proposals. The ports-to-energy conglomerate

Bangladesh HC bars Adani group from Singapore arbitration over power deal

Bangladesh's High Court on Thursday ordered India's Adani Group not to proceed with its planned international arbitration in Singapore over the payment dispute with state-run Power Development Board (BPDB) until an investigation into its power supply deal is completed. The court officials said a two-judge High Court bench issued the order that the arbitration must remain suspended until a committee it appointed to scrutinise the power purchase agreement and investigate potential irregularities submits the findings. The order came in sequence of a lawyer's petition, seeking the High Court's intervention for review of scrapping BPDB's agreement with Adani, calling it a "one-sided" deal signed during deposed prime minister Sheikh Hasina's regime. The petition said Adani's power price is much higher than other regional sources, as electricity from Indian state-owned companies costs 5.5 taka per unit against 8.5 taka per unit by other Indian private companies, and from Nepal, it is 8 tak

Adani sells 13% AWL Agri stake to Wilmar unit as part of major divestment

Adani group has sold an additional 13 per cent stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd) to a subsidiary of Wilmar International through an off-market transaction. Adani Commodities LLP sold 16.9 crore (13 per cent) shares in AWL to Lence Pte Ltd, a subsidiary of Wilmar International, according to a regulatory filing. The sale is part of the broader stake-divestment plan announced earlier this year, under which Wilmar agreed to acquire between 11 per cent and 20 per cent of AWL Agri Business at a price of Rs 275 per share. While the filings by Adani Enterprises Ltd, the flagship firm of Adani group and the parent of ACL, as well as AWL did not discover the sale price, going by Rs 275 apiece, the acquisition cost comes to Rs 4,646 crore. ACL held 20 per cent in AWL. After the sale, it now holds 9.09 crore or 7 per cent of AWL. After buying 13 per cent, Lence now holds 56.94 per cent of AWL. As part of the transaction framework, Adani Enterprises Limited (AEL) and

SC defers Sahara plea for 6 weeks on nod to sell properties to Adani

The Supreme Court on Monday deferred by six weeks hearing on Sahara firm's plea seeking its nod to sell properties to the Adani Group as it asked the Centre to also file its response to the note submitted by amicus curiae on the issue. A bench of Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh impleaded the Ministry of Cooperation in the matter after Solicitor General Tushar Mehta, appearing for the Centre, said a lot of cooperative societies were formed by the Sahara Group, which may be affected. Senior advocate Shekhar Naphade, who is an amicus curiae in the matter, submitted a note to the court, saying he has received a lot of objections with regard to the properties sought to be sold by the Sahara group and in particular he has filed objections with regard to 34 properties. Senior advocate Kapil Sibal, appearing for the Sahara Group, said he would like to file a response to the note submitted by the amicus and emphasised that a lot of properties were sold or lease

Adani Group to invest Rs 1 trn in Andhra Pradesh over next decade

Conglomerate has plans for ports, cement, energy, and data centres, alongside Google's $15-bn AI hub in Visakhapatnam

Adani Group plans to invest ₹63,000 crore in energy projects in Assam

Adani Power Ltd (APL) would invest around Rs 48,000 crore to set up a greenfield power plant while Adani Green Energy Ltd (AGEL) would put in approximately Rs 15,000 crore for the two PSPs