Page 52 - Adani Group

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

Stock of this Adani group has zoomed over 200% in 10 months; hits new high

Shares of Adani Power hit a new high of Rs 464.30, as they surged 17 per cent on the BSE in Tuesday's intra-day trade on back of over six-fold jumped in average trading volumes.

Adani Group stocks add $15 billion in best day since Hindenburg report

The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report

Adani group shares rally; ATGL, Adani Energy, Adani Power surge up to 20%

The Supreme Court, last Friday, reserved its order in the Adani-Hindenburg case, and indicated that it might pass some more directions to the Securities and Exchange Board of India

Stocks to Watch today: BSE, Honasa, Newgen, Eicher, Cello World, Siemens

Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.

Not involved in collapsed Uttarakhand tunnel's construction: Adani Group

The conglomerate marked the allegations, which stated it held shares in a company that constructed the Silkyara-Barkot tunnel, as 'nefarious'

Talks on with Adani group on Tajpur port construction: Bengal minister

Communications are on between the West Bengal government and the Adani Group over the Tajpur deep-sea port project in the state, which is to be developed by the business conglomerate headed by industrialist Gautam Adani, state minister Shashi Panja said on Sunday. Addressing a press conference on "West Bengal Day" at the India-International Trade Fair being held here, Panja said the project is on. She was asked about the deal and the Adani Group's absence from the Bengal Global Business Summit (BGBS). "There was a provisional LoI (letter of intent), which was granted to the highest bidder for the development of Tajpur. The requisite permissions were then sought from four departments of the government of India -- the departments of shipping, defence, home affairs and external affairs," Panja said. "The Ministry of Home Affairs has given a conditional security clearance and made certain observations. The state government and the Adani Group are working on this. We have sought ...

Adani-Hindenburg case: There is no reason to discredit Sebi, says SC

Judgment reserved; Sebi says it won't seek more time for probe

Adani-Hindenburg row: No reason to discredit Sebi, says SC, reserves order

The Supreme Court on Friday said it has no reason to "discredit" SEBI, which probed allegations against the Adani group, as there was no material before it to doubt what the market regulator has done and the court does not have to treat what was set out in the Hindenburg report as a "true state of affairs". While asking the Securities and Exchange Board of India (SEBI) what it intends to do in future to ensure investors don't loose wealth due to volatility in stock market or short-selling, the apex court observed it would not be proper for it to set up a special investigation team (SIT) on its own without any material before it. A bench headed by Chief Justice D Y Chandrachud, which reserved its order on a batch of pleas concerning the Adani-Hindenburg row on allegations of stock price manipulation, said it cannot ask a statutory regulator to take as a "gospel truth" something which was published in the media. "We don't have to treat what is set out in the Hindenburg report as ipso

Adani Group net profit up 107% in first half of FY24 but sales slow down

Capex at Rs 20,000 cr as ports-to-airports conglomerate grows after controversy over Hindenburg Research's report

Adani Green adopts robotics for solar operations, water conservation

Adani Green Energy Ltd (AGEL) will install robotic cleaning technology for its 4,830 MW of operational solar capacity that will help save 595 million litres of water annually, the company said. At present, 2,070 MW, or 30 per cent, of its operational 7,043 MW solar and hybrid capacity is covered by robotic cleaning technology, which conserves 283 million litres of water annually, AGEL said in a statement. Deploying robotics technology for the entire 7,043 MW operational capacity will help save around 880 million litres water annually, it said. AGEL is deploying water-free robotic cleaning system to minimise water consumption for the maintenance of solar modules. AGEL plans to implement this across its operational solar, hybrid sites (solar capacity of hybrid) and its future projects, especially in arid and dry regions like Rajasthan, and Kutch in Gujarat, where renewable water sources are scarce. The company said, "4,830 MW of AGEL's solar portfolio will be covered by robotic clea

Adani Group to bid for duty-free shops at Macau international airport

The Adani group plans to bid for setting up duty-free shops at the Macau international airport, as India's largest airport operator spreads its wings overseas. In a stock exchange filing, Adani Enterprises, the flagship firm of the conglomerate run by billionaire Gautam Adani, said it has completed the incorporation of a wholly-owned subsidiary, MTRPL Macau Ltd, in Macau on November 20. The subsidiary has been incorporated for the purpose of getting into the duty-free industry. "MML is incorporated for the purpose of bidding for duty-free liquor and tobacco shops at Macau International Airport," it said. Macau International Airport (MFM) in August launched an open tender for a duty-free liquor and tobacco services sub-concession. Bids close on November 29, according to the tender document. It said MFM is looking for an "operator to operate duty-free liquor and tobacco services, optionally with or without general merchandise retail services (but no perfume and cosmetics), with the

Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks

Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent

Instead of 'Bharat Mata ki Jai', Modi should say 'Adani ji ki Jai': Rahul

Congress leader Rahul Gandhi on Sunday accused Narendra Modi of working for billionaire industrialist Gautam Adani and said instead of chanting 'Bharat Mata ki Jai', the prime minister should say "Adani ji ki Jai". Addressing election rallies in Bundi and Dausa districts, Gandhi alleged that Modi wants to make two 'Hindustans', one for Adani and the other for the poor. He also targeted Modi for not conducting a caste census in the country and said it will be the first thing that the Congress will get done after it comes to power at the Centre. Speaking at the rally in Bundi, Gandhi said, "Instead of 'Bharat Mata ki Jai', the prime minister should say 'Adani ji Ki Jai' because he works for him." "Modi says Bharat Mata ki Jai and works 24 hours for Adani," he said. The poor, farmers and labourers are 'Bharat Mata', the Congress leader said. He said the prime minister wants to make two 'Hindustans' -- one for Adani and the other for the poor. The Congress has been targeting the Ada