Page 16 - Adani

Here's what's next for Gautam Adani after US bribery and fraud charges

Adani is charged with foreign bribery, securities fraud, securities fraud conspiracy and wire fraud conspiracy

Adani Energy Solutions to acquire 100% stake in Pune- III Transmission

Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle - Pune- III Transmission Ltd. The Pune- III Transmission Limited (PTL) projects include the establishment of new 2x1500 MVA, 765/400 kV and 3x500 MVA, 400/220 kV Pune-III substations and setting up of 816 ckm transmission line, according to a regulatory filing. AESL has "executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100 per cent equity shares of Pune- III Transmission Limited," the filing said. Under this pact, PTL will aim to implement evacuation of 7 GW of renewable energy from Khavda RE Park (Gujarat), under the Phase IV Part D package. The acquisition is proposed to further AESL's strategy of enhancing value for its shareholders through organic and inorganic opportunities. On acquisition cost, AESL said the equity shares will be acquired at a face value of Rs 10 each.

Adani plans $2 bn convention centre in Mumbai to rival Ambani's Jio Centre

The Mumbai Metropolitan Region Development Authority has reportedly approved Adani's international convention centre design, set to be Mumbai's largest

Adani Infra to pick 30% stake in PSP Projects, make an open offer

Post the transaction and open offer, Adani Infra to acquire joint control over PSP Projects along with the existing promoter group

Adani Infra to acquire 30% stake in PSP Projects for Rs 685 crore

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

Rs 1 trillion airport capex plan for 5 years: AAHL director Jeet Adani

Jeet Adani outlined his vision for the airports business that's expected to attract investments of around Rs 1 trillion over the next few years

Dharavi redevelopment project caught in Maharashtra's poll crossfire

Oppn parties threaten to scrap India's largest real estate redevelopment project

Maharashtra election: Current govt handed over Dharavi to Adani, says Rahul

Gandhi further criticised Prime Minister Narendra Modi regarding the situation in Manipur

Adani Power cuts power supply to Bangladesh by 50% over outstanding bills

India's Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has stopped half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. Data from Power Grid Bangladesh PLC showed the Adani plant reduced supply on Thursday night, The Daily Star newspaper said. Bangladesh reported a shortfall of more than 1,600 megawatts (MW) on the intervening night of Thursday and Friday as the 1,496 MW plant is now producing 700 MW from a single unit, the newspaper reported. Earlier, the Adani company wrote to the power secretary asking the Bangladesh Power Development Board (PDB) to clear its outstanding dues by October 30. The letter, dated October 27, said that if the bills are not paid, the company shall be constrained to take remedial action under the Power Purchase Agreement (PPA) by suspending the power supply on October 31. The company said that the PDB has neither provided a letter of credit

Monopolisation linked to India's shaky economic growth, unemployment: Cong

The Congress on Friday claimed growing monopolisation by five big conglomerates, including the Adani Group, was linked to India's shaky economic growth, unemployment crisis and high inflation, and asserted that companies must expand but the government had a responsibility to ensure oligopolies or monopolies did not emerge. The opposition party's remarks came days after the Adani Group said it had agreed to acquire CK Birla Group firm Orient Cement Limited in a deal valued at Rs 8,100 crore. Congress general secretary in-charge communications Jairam Ramesh said on X, "Aap chronology samajhiye: September 2022: Modani acquires Ambuja Cements and ACC to become the country's second largest cement player." "August 2023: Adani acquires Sanghi Industries, India's largest single-location cement unit. June 2024: Adani acquires Penna Cements, giving it substantial market share even in the last remaining region of south India. October 2024: Adani acquires Orient Cement, gaining an additional 2

Q2 results today: Maruti, Cipla and Adani among 139 firms to post earnings

Q2FY25 company results: Adani Ports, Adani Enterprises, Canara Bank, Muthoot Capital, and SBI Cards and Payment Services will be releasing their second-quarter earnings report on October 29

CM Naidu meets Adani Group delegation to discuss investment opportunities

Discussions covered projects with the potential to drive comprehensive growth across the state in key sectors

Adani Group's Rs 3,000 crore bet on ITD rides India's infra-capex wave

Group entity will acquire 46.64% in EPC firm, triggering an open offer

Domestic M&A average deal value nearly halves at $29 million in 2024

Adani deal is 15x the average deal value for the year

Adani's Ambuja to acquire 46.8% stake in Orient Cement for Rs 8,100 cr

Adani pips Ultratech, makes open offer for CK Birla firm at Rs 395.40 a share

Adani Energy Solutions Q2 results: Net profit doubles to Rs 674.96 crore

Q2 profit helped by better ops, deferred tax reversal

Key deals in India's cement sector since Adani Group's entry in 2022

A company tribunal approved Sagar Cements' $9.20 billion bid to take over Jaypee Group-owned Andhra Cements

Stocks To Watch: Adani Energy, Cochin Shipyard, HDFC Life, Vi, Ola Electric

Stock Market Today: Tata Motors-owned Jaguar Land Rover reported a 36 per cent year-on-year increase in retail sales for the first half of the fiscal year

Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr

Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. In two separate BSE filings, AESL stated that on October 14, 2024 it executed share purchase agreements with PFC Consulting Ltd (PFCCL) for acquiring 100 per cent equity shares of Jamnagar Transmission Ltd and Navinal Transmission Ltd. PFCCL, a subsidiary of Power Finance Corporation, received a cash consideration of Rs 19,28,48,589 for JTL and Rs 19,14,40,997 for NTL. Jamnagar Transmission Ltd (JTL) is established for the development of network expansion scheme in Gujarat for drawl of about 3.6 GW load under Phase-I in Jamnagar area. Navinal Transmission Ltd (NTL) aims drawl of up to 4.5 GW load in Mundra area of Gujarat from bulk consumers/ distribution licensee and green hydrogen.

Adani Group returns to dollar market with new green bond sale initiative

Dollar bond sales from Indian issuers are running at their highest in three years, with companies raising about $10 billion so far in 2024, as spreads on dollar debt hover near their lowest in decades