Page 8 - Adani Group

Sebi clean chit in Hindenburg case triggers upto 13% rally in Adani stocks

This regulatory clean chit removes a significant overhang and is likely to bolster institutional investor confidence in Adani Ports, ICICI Securities said

Sebi gives Adani group clean chit, dismisses Hindenburg allegations

Sebi closed proceedings against the Adani group, Gautam Adani and associates, dismissing Hindenburg's charges of fund diversion, RPT violations and fraud raised in 2023

'No violations': Sebi gives clean chit to Adani in Hindenburg case

In 2023, Hindenburg published a scathing report accusing the Adani Group of stock manipulation, improper use of offshore tax havens, and inflated valuations

Adani group airports planning to test pre-booked security check slots

If implemented in India, the service will let passengers book security screening slots in advance, helping cut down wait times in long queues

Adani-led Sri Lanka container terminal to double capacity ahead of deadline

Once the final phase is complete, the terminal will have the capacity to handle 3.2 million containers annually

Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

Adani Power to invest $3 bn to set up 2400 MW power project in Bihar

Adani Power on Saturday said it will set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of USD 3 billion (around Rs 26,482 crore). The Adani group company, in a statement, said that it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) to supply power from the project that will come up at Pirpainti in Bhagalpur district of the state. The PPA is further to the Letter of Award issued by BSPGCL to Adani Power, on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani Power won the project by offering the lowest supply rate at Rs 6.075 per KWh. The company said it plans to invest approximately USD 3 billion to build the new plant (800 MW X 3) and its supporting infrastructure under the Design, Build, Finance, Own, and Operate (DBFOO) model. The company aims to commission the plant in 60 months. The coal linkage for the power p

Congress alleges FRA violations in Adani coal mine project in MP

Congress leader Jairam Ramesh on Friday alleged that the Adani Group has begun cutting trees on government and forest land for its coal mine project in Madhya Pradesh's Dhirauli in "blatant violation" of the Forest Rights Act. The former environment minister also claimed that the Modi government imposed this allotment from above in 2019, and is now rushing ahead with it in 2025 without the essential legal clearances. "This is simply because Modani is a (f)law unto itself," he said on X. There was no immediate reaction from the Adani Group or the Centre to the charges made by the Congress. "In Dhirauli, Madhya Pradesh, Modani has begun cutting trees on government and forest land for its coal mine - without Stage-II forest clearance and in blatant violation of FRA, 2006 & PESA, 1996. Villagers, mostly Scheduled Tribe communities and even a Particularly Vulnerable Tribal Group (PVTG), are rightly protesting," he said. The coal block falls in a Fifth Schedule Area, where tribal rights

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