Page 52 - Adani Group

Group to invest $75 bn to scale up AGEL's RE portfolio to 45 GW: Adani

Adani Group has plans to invest USD 75 billion on energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday. The investments will boost the group's vision to have 45 gigawatt of renewable energy capacity by 2030, Adani said in a statement. "We are committed to largescale renewables, developing an indigenous fully integrated manufacturing ecosystem and green hydrogen solutions. At the Adani portfolio level, a total investment of USD 75 billion by 2030 on our energy transition initiatives will further our vision to have 45 GW renewable energy capacity by 2030 and strengthen the pivotal role played by AGEL in India's glide path to decarbonization," the group chairman said. The investments will be executed through Adani Green Energy Limited (AGEL). AGEL has emerged as the second-largest global solar PV developer in the US-based Mercom Capital Group's latest annual global report. "The company's outstanding performance and contribution to the renewable energy ..

Adani Green Energy ranked second-largest global solar PV developer: Mercom

AGEL with its total solar capacity of 18.1 GW ranked second after France-based TotalEnergies, which holds a total capacity of 41.3 GW

This Adani group stock has nearly doubled investor wealth in 8 days

Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes

Adani Group stocks soar as US dubs Hindenburg allegations irrelevant

Value of GQG's investment up 75% to $7.5 bn

No stopping the bulls: Sensex races past 69K, Nifty50 nears 21,000 mark

Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver

Adani Group completes acquisition of Sanghi Industries, revises offer price

Billionaire Gautam Adani-owned Ambuja Cements Ltd on Tuesday announced the completion of the acquisition of Sanghi Industries Limited (SIL), at a revised offer price of Rs 121.90 per share. Earlier in August this year, Ambuja Cements Ltd (ACL) had offered a price of Rs 114.22 apiece for acquiring 26 per cent equity shares of Rs 10 each of Sanghi Industries from its public shareholders. "In terms of the company's obligations under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Takeover Regulations'), the offer price as defined in the PA shall stand revised to Rs 121.90," Ambuja Cements said in a regulatory filing. Meanwhile, shares of Sanghi Industries were trading at Rs 129.90 during the afternoon on Tuesday, which is 6.56 per cent higher than the revised offer price. ACL in a separate statement informed that it "successfully completes acquisition of Sanghi Industries, funded entirely through internal accruals" at an enterprise value of Rs 5,185 ...

Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap

In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.

US govt examined Hindenburg allegations before giving $553 mn loan to Adani

Allegations in a scathing report by US-based Hindenburg Research, which erased around $100 billion from the Adani Group's market value earlier this year

Adani group adds Rs 73,000 crore in mcap as investors lap up shares

Power-to-port conglomerate's mcap nears Rs 12 trillion

Gautam Adani's wealth swells by $10 billion on relief stock rally

"The general view is that the worst is behind and now we will not hear about Hindenburg," said a portfolio manager said

Adani's AICTPL becomes 1st in India to handle 300,000 containers in a month

Adani International Container Terminal Pvt Ltd (AICTPL) has become the first terminal in India to handle over 3 lakh containers in a month. AICTPL is a joint venture terminal of Adani Ports and Special Economic Zone (APSEZ) in Mundra. "AICTPL created a national record by handling 3,00,431 TEUs across 97 vessels in November 2023, breaking its own record of 2,98,634 TEUs in March 2021, by handling approximately 10,000 TEUs every day," APSEZ said in a BSE filing. TEU refers to twenty-foot equivalent unit. "AICTPL becomes the first terminal in India to handle over 3,00,000 containers in a month," the filing added. The company also informed that APSEZ handled about 36 million metric tonne (MMT) of the total cargo in November 2023, up 42 per cent year-on-year. In the initial 8 months of FY24, APSEZ handled 275 MMT of cargo. APSEZ's Dhamra & Ennore Ports recorded their highest-ever monthly volumes. According to the statement, logistics volumes continue to witness record growth with ..

Adani group shares rally; Adani Green, Enterprises, Power surge up to 15%

Last week, the Supreme Court reserved its judgement on the charges made by the Hindenburg report

Adani Group to take call on Wilmar JV stake divestment in three months

"We are currently studying whether to keep or divest Wilmar stake," group CFO said

Adani Group plans $84 billion spending after Hindenburg market rout

During an annual address to shareholders in July, Adani announced grand expansion targets across his ports, energy and infrastructure businesses

Article on Adani Group: SC extends protection from arrest to 4 journalists

The Supreme Court on Friday extended the interim protection from arrest it had granted to four journalists against whom the Gujarat Police had issued summonses in connection with an article published on the Adani Group. A bench of Justices Justice Hrishikesh Roy and Justice Sanjay Karol asked the Gujarat government to file its response on their pleas within a week. The top court was hearing the pleas filed by Ravi Nair, Anand Mangnale, Benjamin Nicholas Brooke Parkin and Chloe Nina Cornish against the summonses. Nair and Mangnale have challenged the summonses issued by the Ahmedabad crime branch asking them to appear for questioning with respect to the preliminary enquiry (PE) into their article published on the Organized Crime and Corruption Reporting Project (OCCRP) website. Nair and Mangnale received notices from the crime branch in October directing them to appear in person in connection with the PE launched on the complaint by an investor Yogeshbhai Mafatlal Bhansali. The oth

Stock rally puts Gautam Adani back in world's 20 richest billionaires list

The group stocks surged since Monday after the Supreme Court reserved its judgement on the charges made by the Hindenburg report

Gautam Adani back in world's top 20 richest billionaires after stock rally

Adani is now the 19th richest person in the world, with a net worth of $66.7 billion

Adani Power to blend green ammonia with coal to run 330-MW boiler

As part of decarbonisation efforts, Adani Power Ltd (APL) on Wednesday said it will use green ammonia along with conventional fuel coal to run the boiler of 330 MW at its Mundra plant in Gujarat. The quantum of green ammonia will be up to 20 per cent of the total fuel requirement, the company said in a statement. "Adani Power has undertaken a ground-breaking green ammonia combustion pilot project at its Mundra plant as part of its multipronged decarbonization initiatives. As part of the project, the Mundra plant will co-fire up to 20 per cent green ammonia in the boiler of a conventional coal-fired 330 MW unit," the statement said. Green ammonia, produced from green hydrogen, which in turn is produced through electrolysis using renewable energy, would be a feedstock for the boilers. Ammonia does not contain carbon and there will be no CO2 emission from its combustion, making it a long-term carbon-neutral alternative to fossil fuels. Adani Power has partnered with IHI and Kowa-Japa

Adani Group stocks rally up to 20%, add Rs 1 trn in market capitalisation

The 11 listed group companies added over Rs 1 trillion in market capitalisation to Rs 11.3 trillion. This was the biggest single-day jump in the group's market cap since April 11

Adani Total Gas launches green hydrogen blending pilot project in Ahmedabad

The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more