Page 5 - Adani Group

Adani Group ports to bar vessels facing sanctions from the US, UK, and EU

The move to block sanctioned vessels comes amid heightened scrutiny of global shipping, driven by US tariffs on Russian crude and the ongoing Russia-Ukraine war

Adani, Jindal, and JSW in fray as 21 bidders file EoIs for GVK Energy

Adani Group, JSW Neo Energy and Jindal Power are among 21 firms that submitted Expressions of Interest for GVK Energy, which is under insolvency proceedings at NCLT

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

₹6,000-cr hydropower deal lifts Adani Power stock 6% today; details here

Adani Power's share price was trading 4.6 per cent higher at ₹637.8 per share compared to previous session's close of ₹609.7 on the NSE

Adani Group looks to invest $60 bn in power, RE sectors till FY32

Industrialist Gautam Adani-led Adani Group is looking to invest around USD 60 billion up to FY32 in power sector, especially in renewables, generation and transmission/distribution. In an investor presentation, Adani Power said the group plans USD 21 billion investment by FY30 to scale up renewable energy capacity to 50 GW from 14.2 GW as of FY25. Part of the Adani Group, Adani Green Energy Ltd (AGEL) develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The group would invest USD 17 billion in build transmission and distribution capabilities through Adani Energy Solutions Ltd (AESL). AESL is a multidimensional organisation with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. The company looks to set up 30,000 km of transmission lines to support India's growing energy needs by FY30, from 19,200 km as of March 31, 2025. The group looks to invest USD

Vedanta outbids Adani to buy bankrupt JAL with ₹17,000 crore offer

The bid, with a net present value (NPV) of ₹12,505 crore, is the highest recovery plan placed so far for the debt-laden company, the people said

Vedanta beats Adani with ₹17,000 cr bid to acquire debt-ridden JAL

Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore. JAL, which has interests in real estate, cement, power, hotels and roads, has been dragged into insolvency proceedings after it defaulted on payment of loans. Lenders of JAL conducted a challenge process for the sale of the company under the IBC. Multiple bidders participated in the process, but in the end, firm bids were placed by only two entities, Adani and Vedanta Group. Vedanta eventually made a winning bid of Rs 17,000 crore, which translated into a NPV (net present value) of Rs 12,505 crore, beating Adani Group, sources said. The Committee of Creditors (CoC) meeting was held on September 5 to conduct the challenge process. Financial creditors have claimed a staggering Rs 57,185 crore in unpaid

3 clients, including Encalm, to end airport lounge contracts: Dreamfolks

Adani Digital and Semolina Kitchens will also terminate their contracts, Dreamfolks said in an exchange filing

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

Adani Power on Friday said it has received the Letter of Award (LoA) to set up a 2,400 MW greenfield thermal power plant with an investment of USD 3 billion at Pirpainti in Bhagalpur district of Bihar. In a statement, Adani Power said it has received the LoA for 25-year long-term procurement of electricity from Bihar State Power Generation Company Ltd (BSPGCL), which it will supply from a 2,400 MW (800 MW X 3) greenfield ultra super critical plant to be set up at Pirpainti. This would be followed by the signing of the Power Supply Agreement (PSA) between the entities, it stated. The Bihar State Power Generation Company Ltd (BSPGCL) has awarded the LoA to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL), the two state utilities. "With our upcoming ultra-supercritical, high-efficiency Pirpainti project in Bihar, we are setting new benchmarks in operational excellence and sustainability," S B Khyalia,

Adani group logs ₹90,572 crore Ebitda, led by infrastructure firms

Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt

Wilmar seeks CCI nod for 20% stake buy in AWL Agri Business for ₹7,150 cr

In the notice filed with CCI, Lence Pte has proposed to acquire a maximum of 20 per cent and a minimum of 11 per cent of the paid-up equity share capital of AWL Agri Business

Adani Group units secure $275 million offshore loans from global banks

Investors have grown more confident lending the Adani Group as it seeks to raise funds across the spectrum of its businesses

Adani urges India's youth to fight for tech freedom amid AI competition

At IIT Kharagpur, Gautam Adani said AI will redefine power and urged India to pursue technological independence as its "second freedom struggle"

Adani Group's new copper smelter applies to become LME-listed brand

According to Adani, the $1.2 billion Kutch Copper facility in the western state of Gujarat is the world's biggest single-location plant of its type

US SEC asks India to help serve notice to Gautam, Sagar Adani in fraud case

In November 2024, US SEC alleged Gautam Adani and nephew Sagar Adani paid or promised bribes to secure Indian state energy contracts for 'Manufacturing Linked Projects'

SEC informs US court of progress in serving legal documents in Adani case

The US Securities and Exchange Commission (SEC), in a filing before a federal court in New York, said it has sought assistance from India's Ministry of Law and Justice to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. The status update filed on August 11 is the same as the last hearing on June 27. In the latest update submitted to Magistrate Judge James R Cho of the US District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served with the summons. The US SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged USD 265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no ...

Adani Defence to acquire 100% stake in Indamer Technics in MRO growth bid

The investment will be made through Horizon Aero Solutions Limited, a 50-50 joint venture between Adani Defence & Aerospace and Prime Aero, which is owned by Prajay Patel, director of Indamer Technics

With ₹20,000 cr plan, Adani eyes global-style airport business hubs

Adani Airports to invest ₹20,000 crore in city-side projects, with 70 per cent of the funds allocated to Mumbai and Navi Mumbai airports as part of its multi-phase expansion strategy

Adani Group stocks trade weak; Adani Green, Power, Enterprises down upto 3%

In past one month, select Adani Group stocks have underperformed the market by falling up to 12 per cent, as against 4 per cent decline in BSE Sensex.