Page 4 - Gautam Adani

Adani Group stood firm amid scrutiny, now more formidable: Gautam Adani

Despite facing consecutive acquisitions and intense scrutiny, Adani Group never backed down and instead adapted its strategy, emerging more resilient, formidable and unbreakable, its chairman Gautam Adani said. The conglomerate will invest USD 15-20 billion over the next five years across businesses, he said touting its strong balance sheet and robust business growth. In January 2023, US short seller Hindenburg Research published a scathing report describing Adani Group as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over USD 150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. Just as the group scripted a comeback through a mix of trimming of debt, cutting back on the founder's pledged shares, bringing in both promoter and marquee investor equity, and refocusing attention on the group's core businesses, it was hit by US authorities charging Adani and his close associates

Adani Energy board approves $502 million fundraise via share sale

Adani companies, with interests stretching from ports to green energy, are steadily regaining investor confidence after a US indictment of the founder soured sentiment.

Adani commits $15-20 billion annual capex over the next five years

Gautam Adani pledges $15-20 billion in yearly investments over five years, asserting global governance standards as US probes Adani Green's compliance

Adani Energy Solutions bags ₹1,600 cr transmission project in Maharashtra

The project will evacuate 1.5 GW of green power from Raigad and boost AESL's network capacity to over 93,000 MVA and 26,000 circuit kilometres

Adani eyes DPIL stake to tighten vendor control, boost infra capex plans

Adani Group is in talks to acquire a stake in Diamond Power Infra Ltd as part of a strategy to tighten vendor control and support its ₹1.45 trillion capex push; deal likely in 60 days

Reliance to invest ₹75,000 cr, Adani Group ₹50,000 cr in Northeast region

At the Rising Northeast Investors Summit, Mukesh Ambani and Gautam Adani announced major investments focusing on energy, infrastructure, jobs, and AI-driven growth across the Northeast region

Adani Cement hits 100 MT capacity; Gautam Adani hails record pace

The business tycoon further said that Adani Cement is now one of the most efficient cement manufacturers on the planet

Adani Green, ATGL cross 100-DMA after 7 mths; trading guide in Adani stocks

Shares of Adani Group can rally up to 20% from present levels, as key stocks - Adani Ports, Adani Green and Adani Total Gas crossed their key moving averages after a long-gap, technical charts show.

Adani team in talks with Trump admin to drop $265 million US bribery case

US SEC accused Gautam Adani, his nephew Sagar Adani, and other executives of securities fraud, wire fraud, obstruction of justice, and violations of the Foreign Corrupt Practices Act

Sebi accuses Adani's nephew in insider trading case, settlement talks on

Settlement terms were being discussed, said the source with direct knowledge of the matter, who declined to be named as the matter is confidential

Adani's Vizhinjam port to expand capacity with launch of second phase

The Vizhinjam transshipment terminal, which began operations in July and has handled about 250 container ships so far, is forecast to attract about Rs 9,500 crore ($1.1 billion)

Adani group's settlement pleas delayed by Sebi's review of processes

The review could take three months after which the Adani pleas will be taken up under new processes, said the second source, with direct knowledge of the matter

Ambani rejoins $100 billion club as Reliance, Jio rally; Adani lags behind

Mukesh Ambani gains $20 billion amid market rally; Adani rises $10 billion but remains 57% below his June 2024 peak, Forbes data shows

US indictment: Independent review finds no irregularities, says Adani Green

Adani Green Energy has said an independent review of its regulatory compliances related to an alleged breach that led to the indictment of founder chairman Gautam Adani and two company executives in a US court, did not find irregularities or non-compliances on the issue. In November last year, US authorities charged Adani, his nephew and executive director Sagar Adani and managing director Vneet S Jaain for being involved in an alleged scheme to pay bribes to Indian government officials to win solar energy contracts, and concealed the plan as they sought to raise money from US investors. In its FY25 earning announcement, Adani Green Energy - the firm at the heart of allegation of USD 265 million bribes allegedly being paid to Indian officials to secure solar power sale contracts that could bring in USD 2 billion of profits over 20 year period to the firm - said its holding company has not been named as a defendant in the indictment and civil complaint and the matter was pending for .

'Lousy spy fiction': Hindenburg denies Adani, Mossad, Congress conspiracy

An article from news agency Press Trust of India earlier this month had cited unnamed sources claiming that Adani collaborated with agents from Israel's intelligence agency Mossad in an international

Operation Zeppelin: The inside story of how Adani went after Hindenburg

Hindenburg Research, the forensic financial firm that challenged the Adani Group, took its name from the infamous airship that burst into flames upon arriving in New Jersey in 1937. And the counter to its damning report against the conglomerate was dubbed 'Operation Zeppelin,' named after the German dirigible airships used for reconnaissance and bombing during the First World War. In January 2023, Hindenburg published a scathing report describing the Adani Group, one of India's largest conglomerates, led by one of its richest men, as "the largest con in corporate history". The fallout was swift: stock prices plummeted, wiping out over USD 150 billion in market value at the lowest point, and the group's biggest public offering was abruptly scrapped. For a moment, it seemed like Gautam Adani's empire was on the brink. But that impression didn't last long. The group staged a swift comeback, deploying a mix of public relations, legal maneuvers, and strategic tactics to counter the fallo

Adani Ports shares soar 4% ahead of board meet for preferential issue

The board of APSEZ is scheduled to meet today, i.e. April 17, 2025, to consider a proposal for the issuance preferential equity shares, among other matters.

Adani Green Energy sees 30% surge in operational capacity in FY25

Adani Green Energy Ltd (AGEL) on Tuesday reported a 30 per cent year-on-year growth in its operational capacity to 14,243 megawatt in FY25. The operation capacity will increase further to over 15,000 megawatt (MW) with an additional 1,000 MW nearing its completion, AGEL said in an exchange filing. The company's operational capacity stood at 10,934 MW in 2023-24. Operational solar capacity increased to 10,103 MW from 7,393 MW in FY24, while wind capacity grew to 2,000 MW from 1,401 MW a year ago. The hybrid capacity remained unchanged at 2,140 MW. Energy sales increased to 27,969 million units (MUs) in FY25 from 21,878 MUs in FY24. The sale from solar projects increased to 16,738 MUs in FY25 against 11,046 MUs, while that of wind rose to 3,834 MUs compared to 3,188 MUs in FY24. Energy sales from hybrid also increased to 7,397 MUs from 7643 MUs in FY24.

BlackRock emerges as largest investor in Adani's $750 mn bond issue

Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the USD 750-million private bond issuance by the Adani Group. The US-based asset manager, overseeing USD 12 trillion in assets, has taken on one-third of the USD 750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the matter said. This investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice (DOJ) indictment in a bribery case in November last year. BlackRock's move marks its first private placement in India's infrastructure sector -- a segment the firm is increasingly bullish on. "Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy," BlackRock Chairman Larry Fink had stated in January 2024, following the company's USD 12.5-billion acquisition of Global Infrastructure Partners (GIP), a major player in ports,

Adani restores power supply to Bangladesh as regular payments resume

Adani Power Ltd had halved electricity supply to Bangladesh from its 1,600 megawatt coal-fired plant in Jharkhand in November following a series of missed payments by Dhaka