Page 38 - Adani Group

After Sebi, Parliament committee to conduct CCI's performance review

The Public Accounts Committee of Parliament, chaired by Congress leader KC Venugopal, has decided to assess the performance of regulatory bodies established by Acts of Parliament this financial year

Adani Enterprises arm to harness the sun, make solar parts at Mundra

Company to set glass manufacturing, aluminium frames, back sheets

Env clearance to Adani's Chhattisgarh coal project despite NGT's rejection

The Centre has again approved a coal mining project operated by an Adani Group company in Chhattisgarh's Raigarh district, just six months after the National Green Tribunal (NGT) revoked its environmental clearance, directing the environment ministry to reexamine the case from the stage of the public hearing. There was no reaction available from the Adani Group till the filing of this report. The Rs 7,465-crore coal mine project, which will affect 14 villages in the Gare Palma area of Tamnar tehsil, belongs to the Maharashtra State Power Generation Company (Mahagenco), with Gare Palma II Collieries Pvt. Ltd., an Adani Group company, as the mine developer and operator. The environmental clearance has been granted despite studies highlighting serious concerns about the project's impact on the socio-economic and health conditions of villagers, hydrology, and carrying capacity, suggest government records. Congress leader Jairam Ramesh criticised the Centre for granting clearance again

Adani Group, Bombardier explore partnership to boost Indian aviation sector

Discussions between Adani Defence & Aerospace and Canadian jet manufacturer Bombardier primarily focused on aircraft services, maintenance, repair, and overhaul (MRO)

Decisions in BJP-ruled states aimed to boost PM's friends' picking up: Cong

The Congress on Monday alleged that two large electricity tenders in Rajasthan and Maharashtra have been designed entirely to reduce the number of bidders and to "funnel more taxpayer revenues" to the Adani Group. Congress general secretary in-charge communications Jairam Ramesh said the tempo of decisions in BJP-ruled states aimed at enriching "the prime minister's close friends is picking up". "Two large electricity tenders in Rajasthan and Maharashtra have been designed entirely to reduce the number of bidders and to funnel yet more taxpayer revenues to Modani," he said in a post on X. Both state governments have issued tenders for the combined procuring of power across thermal and solar power sources, he pointed out. "This joined-up procurement advantages the tiny number of large players (like Modani) who operate across both sectors. Splitting the procurement into two tenders would have enabled smaller players, particularly in the renewable energy sector, to compete," he ...

Amid Bangladesh turmoil, Adani eyes Indian power grid to link Godda plant

Adani Power's Jharkhand plant, which sells its entire output to Bangladesh, is exploring selling power in India. This comes amid reports that Bangladesh may review its pact with the company

DreamFolks asserts contract validity amid lounge access disruption

AAHL has allowed lounges at Adani-operated airports to accept all major debit and credit cards from other access providers

Airport lounge access disrupted after Dreamfolks suspends services: AAHL

Adani Group's subsidiary Adani Airport Holdings Ltd (AAHL) on Sunday said passengers at airports across the country have been experiencing disruptions in airport lounge access, owing to the abrupt suspension of the services by Dreamfolks. AAHL, in a statement, said it is "actively working" with the banks to facilitate the immediate resumption of services, which have not yet been restored. AAHL operates seven airports in the country -- Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru. "Passengers at airports across India have been experiencing disruptions in lounge access. This is due to the unexpected suspension of services by Dreamfolks Services Ltd, a lounge access provider partnered with several banks, in violation of its service agreements with the affected airports," AAHL said in the statement. AAHL is working with banks to facilitate the immediate resumption of services, it said, adding, "despite our requests, services through Dreamfolks have not

ATGL enters into financing framework, to raise $ 375 mn in initial round

The company said the maiden financing of $375 million executed with international lenders includes an initial commitment of $315 million with an accordion feature to enhance the commitments

Adani Group eyes 46.64% stake acquisition in ITD Cementation India

Acquisition in ITD Cementation India would strengthen Adani Group's civil engineering capabilities

Cash-rich private sector promoters: Tata Sons continues to dominate in FY24

Premji sees over 2,100% jump in earnings from dividends, buybacks

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