Page 10 - Adani Power

BHEL stock powers up on improved prospects for growth, new orders

Many analysts though are bearish due to state-owned firm's muted financials and likely low valuation

Adani Group, Hindenburg, Supreme Court and OCCRP: All you need to know

Just months after the Hindenburg report led to a sharp sell-off of Adani Group shares in the Indian share market, another report has come up with similar allegations. Here is all you need to know

Adani stocks retreat on OCCRP report; Adani Energy, Adani Power slide 4-5%

Adani Group today categorically rejected allegations of hidden foreign investors in a report by the George Soros-owned Organised Crime and Corruption Reporting Project.

Adani Group rubbishes allegations of 'opaque' funding by family's partners

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures. The

Gujarat govt paid Rs 3,900 cr of excess payment to Adani Power: Gohil

Gujarat Congress chief Shaktisinh Gohil on Saturday accused the Bharatiya Janata Party (BJP) government in the state of making an excess payment of Rs 3,900 crore to Adani Power Mundra Limited (APMuL) over five years under two power purchase agreements (PPA), an allegation the government denied. Gujarat government spokesperson and cabinet minister Rushikesh Patel said the allegations were "misleading", stating that the payment was only interim and not final. The state-run Gujarat Urja Vikas Nigam Limited (GUVNL) paid Adani Power Rs 13,802 crore between October 2018 and March 2023 even when the latter did not submit any invoice or supporting documents of coal procurement (for its power plants), Gohil claimed at a press conference here. He produced a letter purportedly written by GUVNL dated May 15, 2023, to Adani Power Mundra seeking recovery of Rs 3,802 crore, excess payment made by the GUVNL towards energy charges under the two Power Purchase Agreements (PPA) signed with the latter

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

Adani Group touts enough cash, profit to service debts in coming decade

In a credit report released Thursday, the power-to-port conglomerate said its cash flow generated from business operation and balances stood at 778.9 billion rupees ($9.4 billion) by the end of March

BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark

The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.

BHEL surges 10% on securing Rs 4,000-crore order from Adani Power's arm

Analyst believes pickup in thermal power orders and companies focus on diversification in segments such as railways, defence, nuclear, hydro augurs well for company in long term.

Stocks to Watch: Adani Power, Glenmark Pharma, Union Bnk, SJS, Paytm, RITES

Stocks to watch on August 22, 2023: As per reports, about 30 per cent equity worth Rs 541.5 crore will change hands via a block deal in SJS Enterprises today

Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days

In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market

Investment firm GQG Partners gains over 36% from Adani group bets

The fund made an additional investment of Rs 9,000 crore to buy an 8.1 per cent stake in Adani Power on Wednesday by acquiring shares from the promoters

Adani Group shares in demand; Adani Power, Energy Solutions surge up to 12%

According to reports, Abu Dhabi National Energy PJSC (TAQA) is looking to double down in India and evaluating a large exposure in the expansive power businesses of Gautam Adani.

Abu Dhabi's TAQA may invest up to $2.5 bn in Adani's power units: Report

TAQA may acquire a stake through a combination of primary infusion and secondary purchase of shares from promoter family entities

Adani Power shares up over 2%, majority of group firms settle in green

Shares of Adani Power climbed over 2 per cent on Thursday after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore (USD 1.1 billion). The stock gained 2.58 per cent to settle at Rs 286.50 on the BSE. During the day, it climbed 3.27 per cent to Rs 288.45. At the NSE, it climbed 2 per cent to end at Rs 285.55 apiece. Majority of the group companies also ended in the green. Adani Ports jumped 4.47 per cent, Ambuja Cements climbed 1.91 per cent, Adani Enterprises gained 1.45 per cent, NDTV (1.26 per cent), ACC (0.64 per cent) and Adani Transmission (0.42 per cent). GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore, as the marquee investor shrugged off the damning report of a US-based short-seller, to invest in billionaire Gautam Adani's group. GQG Partners and other investors bought 31.2 crore shares of Adani Power in a b

Sensex falls 388 pts, Nifty holds 19,350 amid weak global cues; PSBs outrun

Closing Bell on August 17, 2023: On the upside, only the Nifty PSU Bank index (up 1.5 per cent) outperformed the markets

Top headlines: Boeing starts production of Apache choppers for Indian Army

Business Standard brings you the latest headlines at this hour

Stocks to Watch today, Aug 17: Auto, M&M, Railway, IRFC, Cipla, Nava, SAIL

Stocks to watch on August 17, 2023: Balrampur Chini, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, SAIL and Zee among 11 stocks in F&O ban on Thursday.

Adani sells shares in Adani Power to GQG Partners, others for $1 bn

Adani Power's shares closed 2.2 per cent lower to settle at Rs. 279.30 apiece on the BSE

Adani Power has shares worth $1 bn change hands in attempt to recover

The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations