Page 53 - Adani Group

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

Adani-Hindenburg row: Plea in SC seeks contempt action against Sebi

A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on the allegations of stock price manipulation by the Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court. It said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature. The application also referred to the latest report by the Organised Crime and Corruption Reporting Project

Favouritism allegations are an attempt to delay Dharavi project: DRP

Adani Group-helmed Dharavi Redevelopment Project (DRP) on Saturday refuted allegations of favouritism in the issue. In a statement, DRP, which also has the Maharashtra government as a stakeholder, said "vested interests" are attempting to derail or delay the project with a revenue potential of Rs 20,000 crore. The Opposition Congress had on Friday alleged that the BJP government is 'benefitting' Adani Group by relaxing norms for the Dharavi redevelopment project in Mumbai. Its general secretary Jairam Ramesh levelled an allegation that the Maharashtra Urban Development Department, which had originally expressed its reservations about relaxing the rules, "has been compelled to issue a notification that removes the provision of indexation in Dharavi's real estate Transferable Development Rights (TDR), and made it mandatory for all Mumbai builders to buy the first 40 per cent of their TDRs from Adani". The DRP statement termed the attempts to "manufacture a controversy" around TDR ...

Coal imports case: SC to hear in Feb Centre's appeal against Bombay HC

The top court is likely to consider a fresh rejoinder filed by the DRI in the case

Centre looking to restart probe into Adani coal imports from Indonesia

The Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities

BJP govt 'benefitting' Adani with another 'revdi': Cong on Dharavi project

The Congress on Friday accused the BJP government of benefitting the Adani Group by relaxing norms for the Dharavi redevelopment project in Mumbai. Congress general secretary Jairam Ramesh alleged that as per reports the Maharashtra Urban Development Department which had originally expressed its reservations about relaxing the rules "has been compelled to issue a notification that removes the provision of indexation in Dharavi's real estate Transferable Development Rights (TDR) and made it mandatory for all Mumbai builders to buy the first 40 percent of their TDRs from Adani." "This has the effect of greatly increasing the value of TDRs accruing to Adani and Adani alone from the Dharavi project," he alleged. There was no immediate response from the Adani Group. In a statement, the Congress leader said the party had in its "Hum Adani ke Hain Kaun (HAHK) series" raised questions on the matter on February 27 and April 23 this year. "We asked the prime minister questions about how

CWIT first phase likely to be operational by Dec 2024: Karan Adani

The first phase of Colombo West International Terminal (CWIT) is likely to be operational by December 2024, Adani Ports and Special Economic Zone (APSEZ) Whole Time Director and CEO Karan Adani has said. The US International Development Finance Corporation (DFC) will provide USD 553 million in financing to Colombo West International Terminal Pvt Ltd a consortium of India's largest port operator Adani Ports and SEZ Ltd, Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority. "So, on the Colombo port, we expect commissioning and operationalizing of Phase 1 by December of 2024. Now, we have already given our...capex guidance," Adani said in a conference call. DFC is the US government's development finance institution. "As you know, in Colombo port, we have a JV partner as well, where we have 51 per cent and 49 per cent shared by the other two partners, SLPA and John Keells. So, they bring in their respective equity into that project as well," he .