Page 4 - Adani Group

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

Adani Group to invest ₹63,000 cr in two major power projects in Assam

The Adani Group will invest about Rs 63,000 crore in Assam to build major power projects, including the Northeast's largest private coal-fired plant, and new pumped-storage facilities. In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam. Adani Power Ltd will put in roughly Rs 48,000 crore to build a 3,200 MW greenfield ultra-super-critical thermal plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The company won the project with a tariff bid of Rs 6.30 per kWh (per unit) and has secured coal linkage under the Centre's SHAKTI policy. The plant will be commissioned in phases from December 2030 and is expected to generate 20,00025,000 jobs during construction and about 3,500 in operations. Adani Green Energy Ltd, the group's renewable energy company, will invest around Rs 15,000 crore in two Pumped Storage Projects (PSPs) with a ..

Adani Enterprises up 3% ahead of rights issue; group stocks hit 52-wk highs

Adani Ports and Adani Energy Solutions hit fresh 52-week highs in intra-day trade on Friday even as benchmark indices traded in red.

SC adjourns hearing on plea against award of Dharavi redevelopment project

The Supreme Court on Thursday adjourned to first week of December the hearing on a plea by UAE-based Seclink Technologies Corporation challenging the Maharashtra government's decision to award Mumbai's Dharavi redevelopment project to Adani Properties Pvt Ltd. A bench comprising Chief Justice of India BR Gavai and Justices K Vinod Chandran and Vipul Pancholi noted the CJI will not be able to complete hearing in the matter as he is due to retire on November 23 . "Our hands are full, how many judgments will I write ? CJI Gavai observed orally. On March 7, the top court had refused to halt the project and sought responses from the Maharashtra government and Adani Properties Pvt Ltd on a petition challenging a December 20, 2024 verdict of the Bombay High Court. The high court had cleared the decks for redevelopment of the slums in Dharavi and upheld the tender awarded to the Adani Group for the project, ruling there was no "arbitrariness, unreasonableness or perversity" in the ...

Adani Group to host investor meet in Singapore to boost global confidence

Senior leadership including Group Chief Financial Officer Jugeshinder Singh and executives of Adani companies will attend the meetings

Adani Enterprises surges 6% on heavy volumes; here's why?

Adani Enterprises, the flagship company of the Adani Group, fixed its rights issue price at ₹1,800 per share.

Leverage moderating across Adani Group firms, says Bank of America

The Adani Group, with a $200-billion market capitalisation, continues to enjoy global funding access and stable credit metrics despite market volatility and regulatory scrutiny, says BofA

Adani Enterprises set for value unblocking, to list subsidiaries by 2031

Adani Group's flagship company will list subsidiaries in airports, metals, roads, and data centres, between 2027 and 2031

Adani announces entry into Battery Energy Storage with 1,126 MW project

The project, being developed with lithium-ion battery technology, is in the advanced stages of deployment at Khavda in Gujarat

Adani Group plans to build India's largest battery storage system

The project will support grid stability and the supply of renewable power, making Khavda the largest combined renewable and storage park in the world

Adani Enterprises extends decline, down 5% in 2 days; here's why

Adani Enterprises in its Q2 earnings presentation said that EBITDA was impacted primarily on account of decrease in trade volume and price volatility in IRM and Commercial Mining.

Adani Enterprises to raise up to ₹25,000 crore through rights issue

Adani Enterprises will raise ₹25,000 crore through a partly paid-up rights issue to strengthen its balance sheet and fund its next phase of growth across airports, energy, and digital infrastructure

Bangladesh says Adani deal could be scrapped if irregularities found

Bangladesh's interim government has said that it will not hesitate to cancel an existing power contract with India's Adani group if any irregularities or corruption are proven. The 2017 power supply deal between Adani Power and Bangladesh had come in for scrutiny after the ouster of the Sheikh Hasina-led government last year. The contracts (generally) state that no corruption has occurred, but if proven otherwise, cancellation is possible, Energy Affairs Adviser Muhammad Fouzul Kabir Khan was quoted as saying by local media. The adviser was reacting to an interim report submitted by a National Review Committee, which was formed to review the power sector contracts by the Hasina regime. There was no immediate reaction from the Adani group on the adviser's comments. The National Review Committee, headed by retired High Court judge Moinul Islam Chowdhury, recently submitted its interim report on alleged corruption during deals inked under the Hasina regime. The committee is expected

Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO

Adani Energy Solutions (AESL) has planned up to Rs 18,000 crore capital expenditure, including Rs 6,000 crore already spent on various projects, in the current fiscal year, a senior official said during an earnings call. Replying to a question of capital expenditure on a consolidated basis, AESL CEO Kandarp Patel said, "For the full year, we will do about Rs 11,400 crore in transmission, Rs 1,600 crore in distribution and Rs 4,000 crore in smart metering. So, in smart metering, we'll add about Rs 2,000 crore. In distribution, we'll add about Rs 1,100 crore in the second quarter. And in transmission, we'll add about Rs 8,000 crore in the second quarter." He said the total capex will be of the order of Rs 17,000-18,000 crore and Rs 6,000 crore has been spent so far. Of the Rs 6,000 crore already spent, Rs 3,350 crore was on transmission, about Rs 700 crore in distribution and about Rs 2,000 crore in smart metering. Patel said the company will have a capex of about Rs 10,000 crore for

Adani Airports to launch AI-powered multilingual helpdesk for passengers

The Adani Group currently operates seven airports - in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram

Adani Airports partners with AIONOS for AI-based passenger services

Adani Airport Holdings Ltd has entered into a collaboration with AIONOS for implementing an artificial intelligence-driven system to provide personalised passenger experience at airports. AIONOS, part of InterGlobe Enterprises, will provide a consistent engagement experience and personalised multilingual support for passengers. Both companies signed a deal in the national capital on Thursday. "The AI-driven solution will act as a 24x7 intelligent concierge, helping travellers access flight updates, gate information, baggage status, directions and airport services instantly in multiple languages," a release said. The services will be offered in English, Hindi and other languages. With AIONOS' agentic AI platform, Adani Airports will be able to engage with customers and staff across multiple touchpoints, including voice, chat, and mobile. Adani Airport Holdings Ltd (AAHL) CEO Arun Bansal said the new AI system will transform the passenger experience. Together with its in-house off

Adani Group stocks zoom up to 14% on Wed; what's driving the rally here?

Among the frontline Adani stocks - Adani Enterprises, Adani Power and Adani Ports and Special Economic Zone were up in the range of 3 per cent to 5 per cent on Wednesday.