Page 56 - Adani Group

Adani Ports & SEZ total cargo volumes rise 26% YoY to 32.8 MMT in September

APSEZ said that growth was recorded across all cargo segments, including containers (20 per cent), dry bulk (32 per cent), and liquid & gas (21 per cent)

Adani plans to build 10 GW integrated solar manufacturing capacity by 2027

Billionaire Gautam Adani's group is planning to build 10 GW of integrated solar manufacturing capacity by 2027, as it looks to capture energy transition business, sources close to the company said. Adani Group currently has a solar manufacturing capacity of 4 GW. Adani Solar has a confirmed order book of over 3,000 MW in exports that are to be serviced over the next 15 months, they said, adding Adani, recently, raised USD 394 million for solar manufacturing from Barclays PLC and Deutsche Banks AG through a trade finance facility. While India scaled up its solar energy generation from 2.63 GW in March 2014 to 71.10 GW in July 2023, the manufacturing ecosystem did not match the pace. To change, the government adopted a two-pronged strategy - used trade and non-trade barriers, such as safeguard duty, an approved list of module manufacturers (ALMM), and a production-linked incentive (PLI) scheme. This gave Indian solar manufacturing the necessary impetus to encourage private players l

Adani Energy Solutions commissions Khargar-Vikhroli transmission line

AESL, formerly known as Adani Transmission Ltd, said the project is critical for Mumbai as its existing capacity is not sufficient

Easing yields, oil prices lift Sensex 320 pts; Pharma stocks steal the show

Closing Bell on September 29, 2023: The Nifty50, on the other hand, gained 115 points to shut shop at 19.638. Sectorally, the Nifty Pharma index jumped the most, up 2.7 per cent

Stocks to Watch today: Adani Group, TVS, Bajaj Auto, ICICI Lombard, Emami

Stocks to watch on Friday, September 29, 2023: Shares of Adani Group to be in focus amid reports that Abu Dhabi conglomerate IHC plans stake stake in Adani Green and Adani Energy Solutions.

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Fresh Canada investments in Indian renewable firms may slow down: Bernstein

Brookfield, another Canadian firm eyeing the Indian market, has an existing 4 GW portfolio. The company has invested $1 billion in Avaada Energy and $361 million in CleanMax

Adani group appoints new auditor for its main UK subsidiaries: Report

MUMBAI (Reuters) - India's Adani group has switched the auditor of its main UK subsidiaries to the smaller London-based firm Ferguson Maidment & Co after previous auditor Crowe UK resigned in March, FT reported.

Cong alleges Sebi 'reluctant' to probe allegations against Adani group

The Congress on Wednesday alleged that the SEBI is "reluctant" to investigate the allegations against the Adani group and said the only way forward is a joint parliamentary committee probe to bring out the truth. Congress general secretary Jairam Ramesh cited a media report to say that the "stench of illegality" around another Adani-linked shell company - Opal Investment - is getting stronger. He claimed there are "fresh revelations" that the firm, which controls Rs 8,000 crore worth of equity in Adani Power, was set up as a single person company in Dubai in May 2019. "This raises several serious questions. How does a single-person firm based in Dubai come to control 4.7% of equity worth Rs 8,000 crore in Adani Power, India's largest private power generation firm? Is Opal not yet another Adani front engaged in illegal round-tripping and blatantly violating Indian securities laws," he asked in a post on X. "And why is it doing so, whose funds are these actually? What are PM Modi's .

Ambuja Cements incorporates three new subsidiaries to boost business

The three subsidiaries are-Lotis IFSC Private Limited, Ambuja Concrete North Private Limited and Ambuja Concrete West Private Limited

JSW, Tata, Adani make a beeline to meet industrial green energy needs

The C&I sector accounts for approximately 40-45 per cent of total energy demand in India

Adani forms joint venture to redevelop one of Asia's biggest slums Dharavi

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Here's why Adani's grip on banks is tighter than his hold on markets

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

TotalEnergies close to investing $300 million in JV with Adani Green Energy

TotalEnergies holds a 19.75 per cent stake in Adani Green Energy and is the second largest shareholder after the promoters, who control about 56.27 per cent

Adani-Hindenburg saga: Plea cites conflict of interest, seeks new SC panel

The next hearing in the case is likely on October 13

Congress prods SEBI to act against Adani firms, demands probe by JPC

The Congress on Saturday questioned SEBI's move of not acting on money laundering allegations against "Adani-linked entities" and called for the formation of a joint parliamentary committee to discuss the issue during the special session of Parliament. Congress general secretary Jairam Ramesh wondered whether SEBI will act now that the Mauritius financial regulator has revoked the licences of two such entities. He also raised his doubts about the credibility of the Securities and Exchange Board of India, asking why the body has failed to inspire confidence as a fair regulator of capital markets in the country. Ramesh said that the Financial Services Commission (FSC), the Mauritian equivalent of SEBI, revoked the licences of the controlling shareholder of two Adani-linked funds in May 2022 for violating several laws including the Financial Services Act, the Securities Act, the Financial Intelligence and Anti-Money Laundering Regulations (2003 and 2018), and the Code on the Prevention

TotalEnergies in talks to invest in Adani Green's projects: Report

The deal would increase Total's presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects

Adani Group forms JV with Kowa for marketing of green hydrogen in Japan

Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for sale of green hydrogen in Japan, Taiwan and Hawaii markets. Billionaire Gautam Adani-led conglomerate is investing up to USD 50 billion over the next 10 years in setting up a fully integrated green hydrogen ecosystem in India. This includes the production of 1 million tonne of green hydrogen in the initial phase which will be ramped up to 3 million tonne later. "Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd, announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii," the group said in a statement. Hydrogen is a clean energy source. It is mainly used in the refining and chemical sectors and produced using fossil fuels such as coal and natural gas. Green ...

Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.

Adani Group receives certification for India's largest wind turbine

The type certification acknowledges Adani WTG's conformity with the globally recognized IEC 61400 series standards