Page 6 - Adani

Wickremesinghe slams Dissanayake govt for Adani energy project failure

Sri Lanka's former president Ranil Wickremesinghe has criticised President Anura Kumara Dissanayake-led government for failing to move ahead with a Renewable Energy Project in Mannar with Indian Conglomerate, Adani. Wickremesinghe made these remarks during a televised discussion on Saturday the text of which was released on Monday. He also stressed the need for Sri Lanka to enhance economic cooperation with India to maximise results for the island nation. Wickremesinghe said during his two-year term in 2022, he emphasised a South India-focused economic framework in areas of renewable energy, agriculture, and trade links. "I explored many avenues for economic cooperation with India. Regrettably, the current government has failed to pursue the Adani renewable project in Mannar." He criticised them for failing to move ahead with the Renewable Energy Project in Mannar with Indian Conglomerate, Adani. He said he saw no logic in the NPP government's attempt to renegotiate the Adani gre

Congress alleges ₹304.24 cr scam in Goa, calls BJP 'cabal of Mini-Adanis'

Congress leader Pawan Khera also slammed Prime Minister Narendra Modi's anti-corruption stance, stating that his government in Goa contradicts his claims of fighting corruption

Adani Group defends key projects amid alleged environmental law violations

Adani Group is defending itself against allegations made in India's National Green Tribunal that it started work on a $2 billion power plant without waiting for environmental clearance

Adani, Emaar said to be discussing deal structure for $1.4 bn India unit

Adani family and Emaar are discussing the structure of a transaction, which could include an unlisted Adani unit infusing about $400 million in equity

Gautam Adani, brother Rajesh get court relief in Rs 388 cr cheating case

The case involves alleged breaches of market regulations amounting to Rs 388 crore, for which the Serious Fraud Investigation Office (SFIO) filed a chargesheet in 2012

Debendra Pradhan, PM Modi podcast, Ola Electric, Adani, US attack on Houthis & more

Veteran BJP leader Debendra Pradhan and father of Union Education Minister Dharmendra Pradhan passed away today at the age of 84 to age-related ailments.

Adani group commits Rs 1.1 trillion capital expenditure for FY26

To be funded through a mix of cash, debt/equity sale

Fitch lifts Adani Energy rating watch, first upgrade since US indictment

Fitch said the indictment for alleged securities and wire fraud reflects a corporate governance risk for AESL

Dharavi redevelopment contract: SC seeks response from Maha govt, Adani

UAE-based SecLink Technologies had filed a plea challenging the state govt's decision to cancel its 2019 bid for the Dharavi redevelopment project and award the tender to Adani Properties in 2022

Women envoys hail diverse workforce at Adani's clean energy, other projects

A delegation of women envoys from nine countries, including those from Luxembourg, Romania and Slovenia, took stock of Adani Group's renewable energy and other projects in Gujarat and lauded female workforce participation at these facilities. While interacting with women engineers at Adani Green Energy's 30-GW clean energy plant at Khavda in Kutch district, the delegates emphasised how implementation of diversity at workplaces is key to the economic growth of a country. During their tour to the facility on Wednesday, ahead of the International Women's Day, the seven ambassadors and two high commissioners also interacted with women members of Self Help Groups (SHG) supported by Adani Foundation, the philanthropic arm of the ports-to-energy conglomerate. "The ambassadors saw firsthand how the renewables project is integrating cutting-edge technology with sustainable development, including the Energy Network Operations Centre (ENOC) overseen by women engineers," the Adani group said in

IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore

Abu Dhabi-based IHC Capital Holding on Wednesday sold more than 84 lakh shares of Adani Enterprises for Rs 1,832 crore through open market transactions. Diversified group IHC Capital Holding through its subsidiaries -- Green Vitality RSC and Green Energy Investment Holding RSC -- offloaded 84.48 lakh shares or 0.73 per cent stake in Adani Enterprises, as per the block deal data on the BSE. The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore. Meanwhile, Envestcom Holding RSC Ltd sold the same amount of shares in two tranches at the same price. On Wednesday, shares of Adani Enterprises rose 4.57 per cent to close at Rs 2,244.85 apiece on the BSE. Meanwhile, shares of 10 other Adani group stocks also closed higher, with Adani Green Energy surging more than 10 per cent in tandem with a rally in the equity market. On Tuesday, FMCG firm Adani Wilmar announced the acquisition of GD Foods Manufacturing, which se

Adani's new $2.1 billion Navi Mumbai airport draws low-cost carriers

Tata Group's low-cost carrier Air India Express and smaller rivals SpiceJet and Akasa are also in discussions to eventually relocate all of their operations

Power Finance shoulders Adani Green's $1 bn construction-linked loan

The lender is said to have offered a fixed rate loan for the full term with a commitment to hold it until maturity at the end of 19 years

Adani Green crosses 12GW renewable capacity, added 275 MW solar project

Adani Green Energy (AGEL) on Friday said its total operational renewable energy generation capacity has increased to 12,258.1 MW with the commissioning of an additional 275 MW of solar power project at Khavda, Gujarat. "Adani Green Energy Twenty Five A Ltd, wholly-owned step down subsidiary of the company has operationalized an incremental 275 MW of solar power project at Khavda, Gujarat," a regulatory filing said. According to the statement, with the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 12,258.1 MW. Based on the relevant clearances, it was decided on February 27, 2025 to operationalize the plant and commence power generation from February 28, 2025, it added. According to a company statement, AGEL, India's largest renewable energy (RE) company has surpassed a record 12,000 megawatts (MW) of operational portfolio. AGEL is the first and only renewable energy company in India to reach this landmark. AGEL's 12,258.1 MW .

Biz summit day 1: Assam receives Rs 2.5 trillion investment proposals

Out of the total announcements, Rs 1.89 lakh crore of investments were cemented in the form of 114 agreements signed between various companies and the Assam government

FMCG major Adani Wilmar changes name to AWL Agri Business Limited

The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry

MP investors' summit: NTPC, Dabur, Reliance & others pledge investments

Prime Minister Narendra Modi, who inaugurated the summit, said Madhya Pradesh is becoming a preferred business destination while adding that this is the right time to invest in the state

Adani Portfolio posts double-digit growth, record Ebitda till Dec 2024

Adani Portfolio, India's largest infrastructure group with businesses in cement and mining, has continued its strong double-digit growth despite external challenges. For the twelve-month period ending December 2024, EBITDA reached Rs 86,789 crore, marking a 10.1 per cent year-on-year growth. Adjusted for prior income, the growth stands at 21.3 per cent. In the December quarter alone, EBITDA rose 17.2 per cent to Rs 22,823 crore, a company statement said. A key to this growth is the emerging businesses under Adani Enterprises, including solar and wind manufacturing and airports. These businesses, part of AEL's infrastructure division, grew 45 per cent Y-o-Y in the December quarter and 33.3 per cent in the trailing twelve-month period. Since FY19, the Adani Portfolio has shown strong growth, with EBITDA expanding at a CAGR of 25 per cent, despite challenges such as the Hindenburg report and the ongoing US indictment. Around 85 per cent of the group's profits come from its infrastruc

PM Modi declared Adani issue personal matter, will he oblige US SEC: Cong

The Congress on Wednesday said Prime Minister Narendra Modi has already declared the Adani issue to be a personal matter and asked whether he would oblige the US Securities and Exchanges Commission's (SEC) request in the ongoing probe against the business group. The opposition party's assertion came after the SEC told a federal judge in New York that its efforts to serve its complaint on Gautam Adani and Sagar Adani in the alleged bribery scheme are ongoing. This included a request for assistance to the Indian authorities. Congress general secretary in-charge communications Jairam Ramesh said the SEC has just informed a New York district court that it has sought the assistance of the Modi government to serve complaints on the violations of US laws by Gautam Adani and some of his colleagues. "The PM has already declared the Modani issue to be a personal matter. Will he oblige the SEC?" Ramesh said on X. To a question on whether the issue relating to Adani figured in the talks, Modi

PM Modi maintains silence in country, says 'personal matter' abroad: Rahul

Congress leader Rahul Gandhi on Friday accused Prime Minister Narendra Modi of "covering up" the alleged corruption of businessman Gautam Adani. In a post on X, he said, the PM maintains silence when questions are asked in the country and terms it a personal matter when asked abroad. "If you ask questions in the country, there is silence, If you ask abroad, it is a personal matter! "Even in America, Modi Ji covered up Adani Ji's corruption!" Gandhi charged in his post in Hindi. To a question on whether the issue relating to Adani figured in the talks, PM Modi at a joint media briefing in Washington said: "India is a democracy and our culture is 'Vasudhaiva Kutumbakam'. We consider the whole world as one family. I believe every Indian is mine." Modi said such individual matters are not discussed in talks between two leaders. "Two prominent leaders of two countries never discuss such individual issues," he said.