Last week, Adani Energy took an impairment of Rs 1,506 crore on the asset
The NSE has drastically reduced the list of stocks eligible for collateral in margin funding, removing 1,010 stocks, including Adani Power, Yes Bank, and Paytm, effective August 1
Other Adani Group entities also saw losses, which include Adani Green 0.45 per cent, Adani Energy Solutions 0.62 per cent, Adani Total Gas 0.53 per cent and Adani Wilmar 0.46 per cent
Adani Power's current operating capacity stands at 15.25 GW, which the company in FY24 said it plans to take to 21 GW
Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.
BHEL is one of India's largest engineering and manufacturing enterprises, particularly prominent in the energy and infrastructure sectors
State-owned BHEL on Wednesday said it has secured an order worth over Rs 3,500 crore from Adani Power Limited to set up a thermal power project at Raipur in Chhattisgarh. It has "signed contract agreement signed June 5, supply of equipment (boiler, turbine, generator) and supervision of erection and commissioning for 2x800 MW power project based on Supercritical Technology", BHEL said in an exchange filing. The order's total worth is more than Rs 3,500 crore, excluding the GST, the company added. The boiler and turbine generator will be manufactured at its Trichy and Haridwar plants, respectively, BHEL said.
At 09:41 am; Adani group stocks had recovered up to 13 per cent of the intra-day losses, but were still down in the range of 6 per cent to 10 per cent on Tuesday.
Adani Enterprises, Adani Power and Adani Wilmar can potentially rally up to 30 per cent from present levels, suggests the key retracement ratios.
Stocks to watch on June 04: Sapphire Foods has scheduled a board meeting on June 19 to discuss and approve the stock split of equity shares
Adani Power Ltd (APL) on Monday said its arm Mahan Energen Ltd has approved a proposal to merge coal mining firm Stratatech Mineral Resources with itself which will help improve fuel security. Stratatech Mineral Resources, a subsidiary of Adani Enterprises, has been allocated Dhirauli Coal Mine in Madhya Pradesh. The coal mine is in close proximity to MEL's thermal power plant. The proposed amalgamation will allow MEL to operate the Dhirauli Coal Mine as captive coal mine and improve its fuel security, the company said in an exchange filing. Dhirauli Coal Mine has a peak-rated capacity to produce 6.5 million tonnes per annum of coal. The proposed scheme of amalgamation is subject to necessary approvals including that of shareholders, the company said. "... the wholly-owned subsidiary Mahan Energen Limited (MEL or the transferee company) has approved a scheme...for amalgamation of Stratatech Mineral Resources Private Limited (SMRPL or the transferor company) with MEL," it said. SM
Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.
Adani Group stocks technical outlook; Adani Enterprises, ACC and NDTV seem negative on the charts, while Adani Ports, Adani Green and Ambuja Cements hold promise. Other Adani stocks seen range-bound.
Six Adani Group firms face Sebi scrutiny for alleged breaches in related party transactions and listing regulations
Stocks to Watch on Thursday, May 2, 2024: Adani Power has reported a 48 per cent Y-o-Y fall in consolidated net profit at Rs 2,737 crore for the quarter ended March, 2024
Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation's economic growth, says Gautam Adani
Industry experts said many companies have already onboarded new independent directors or are in the process of doing so
The stock of the Adani Group integrated power utilities company is quoting higher for the fourth straight trading days, surging 18 per cent during this period
At present, the largest power producer in the country is NTPC with 75 Gw capacity and the largest private sector player is Adani Power, with Tata Power a close second
In a first, the business houses run by Mukesh Ambani and Gautam Adani have entered into an investment agreement, under which Reliance Industries Ltd (RIL)