Page 35 - Adani Group

India gets $386 bn funding for RE target; RIL, Adani pledge commitments

India added slightly more than 18 GW of renewable energy capacity in fiscal 2024, compared with 15.3 GW a year earlier, taking its total to 153 GW

Adani Group warns against fake press releases linked to its Kenya projects

The Adani Group on Monday dismissed circulating press releases about its Kenya operations as fraudulent, blaming 'vested interests with malicious intent' for the incident

Kenya awards $1.3 bn transmission deal to Adani amid airport lease protests

Kenya has awarded a $1.3 billion public-private partnership contract to India's Adani Group and Africa50 for the construction of power transmission lines

Adani firms to sign 6.6 Gw power supply pact with Maharashtra discom

Adani Green Energy and Adani Power won a bid to supply 6,600 MW of power to Maharashtra

Cong attacks Mahayuti govt over Adani's win to supply power to Maharashtra

With the Adani Group winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, the Congress on Sunday alleged that it was a "rigged deal" facilitated by the Mahayuti government, which it claimed was "tottering towards a landslide defeat" in the upcoming assembly polls. The opposition party's attack came after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. Reacting to the development, Congress general secretary in-charge Jairam Ramesh said, "Even as the Mahayuti Government in Maharashtra totters towards a landslide defeat, this is what they choose to do with their last few days in power. Yet another Modani enterprise undoubtedly!" "Shocking details of this rigged deal will soon start tumbling out," Ramesh said in X. Supplies are to start in 48 months from the date of award of the letter of intent. Lat

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks

The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws

Adani Group denies Hindenburg comment on frozen funds in Swiss banks

Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks

Adani Group denies Hindenburg comment on frozen funds in Swiss banks

Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks

Corporate India's big six boost profits, struggle with flat job growth

India's top six corporate firms saw their employee headcount growth stagnate at -0.2 per cent, with numbers dropping from 1.74 million in FY23 to 1.73 million in FY24

Adani-backed Ambuja Cement's officer arrested for bribery attempt in Odisha

Rambhav Gattu was arrested for Rs 2 lakh alleged bribery attempt in Odisha, money hidden in box of sweets handed over to govt official

JPC urgent to probe full extent of corruption in Adani case: Congress

The Congress on Wednesday reiterated its demand for a Joint Parliamentary Committee probe into the Adani issue, saying it is needed urgently to unearth the full extent of the corruption, monopolisation and glaring gaps in the country's regulatory system. Congress general secretary in-charge communications Jairam Ramesh cited a media report and said the latest in the "Modani magic" is the rags-to-riches journey of a private power infrastructure firm. "Diamond Power Infra Ltd was dragged to bankruptcy court in 2018. By 2022, it was taken over by Mr Gautam Adani's brother-in-law, at the price of paying Rs 501 crore to the lenders, for a company with a market cap of Rs 1,000 crore," Ramesh said in a post on X. "The firm had zero business in 2022, but by 2023-24, it had revenue of Rs 344 crore -- largely from orders placed by the Adani Group businesses. Thanks to Mr Adani's business, Diamond Power Infra Ltd is now valued at Rs 7,626 crore, a seven-fold increase in valuation," he ...

Adani Group to develop multipurpose berth at Gujarat's Kandla Port

The development will add a capacity of 5.7 MMT to the port operator's existing capacity of 580 MMT

Strike at Kenya's airport causing flight delays as Adani deal suspended

The biggest union of Kenya's aviation workers said they would take industrial action on Wednesday over a proposed deal for India's Adani Group to lease Jomo Kenyatta International Airport (JKIA)

Adani Airports launches 'aviio' to give passengers real-time access data

Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched 'aviio' digital platform to provide passengers real-time data on variety of airport accesses - from wait times to gate change and bags on belt. Aviio aspires to bring the aviation community together to collaborate and serve passengers better, a top official said. By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects, he said. With this path-breaking initiative, AAHL, a subsidiary of Adani group's flagship Adani Enterprises Ltd, aims to serve the aviation community and set new standards for airport operations management and passenger experience. With seven operational airports in its stable, and one more expected to go live during the middle of 2025, this platform for B2B services has been conceptualise

Adani seeks intervention on power supply dues in letter to Bangladesh Govt

Adani Power is said to have invested $2 billion in setting up the Godda power unit

Adani's foreign forays can threaten national security vis-a-vis China: Cong

Congress general secretary in-charge communications Jairam Ramesh also alleged that 'the non biological PM's clean chit to China'

Congress criticises Adani's China venture, warns of national security risks

The Congress' criticism comes amid reports that the Adani Group has formed a subsidiary in China to carry out the business of providing supply chain solutions and project management services

Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Adani Power has been supplying electricity to Bangladesh since June last year from its 1.6 GW coal-based plant in Jharkhand's Godda via a dedicated transmission line

Kenyan court suspends govt plan to allow Adani to operate main airport

The parties also argue that the $1.85 billion deal between the government and Adani Airport is unaffordable, threatens job losses, exposes the public disproportionately to fiscal risk