Adani to invest $100 billion across new energy, data centres
2 years, 3 months ago

Adani to invest $100 billion across new energy, data centres

The Hindu  

Adani Group will invest $100 billion over the next decade, primarily in new energy and digital space that includes data centres, Chairman Gautam Adani said on September 27, as the group bets big on India growth story. As much as 70% of this investment will be in the energy transition space, Mr. Adani, the world's second-richest person, said as he continued to reveal bit by bit the group's new energy plans. We have earmarked 70% of this investment for the energy transition space," Mr. Adani, founder and chairman of Adani Group, said at the Forbes Global CEO conference in Singapore. With interests spanning sea ports, airports, green energy, cement and data centres, the combined market capitalisation of the group's listed companies is $260 billion.

India Energy Data New Energy Group Adani Largest Data Centres Giga  gw  space  100  data  energy  worlds  green  invest  solar  adani  group  billion  largest  centres

History of this topic

Stock to buy for long-term: Ventura sees 50% upside in this Adani stock over 2 years
1 week, 4 days ago

Stock to buy for long-term: Ventura sees 50% upside in this Adani stock over 2 years

Live Mint  

Stock to buy for long-term: Adani Enterprises, a diversified conglomerate, has faced a challenging year in 2024, with its stock down by 11 per cent year-to-date. However, brokerage firm Ventura Securities believes the company is poised for a strong recovery and could deliver a potential upside of around 50 per cent over the next two years. Adani Enterprises Target Price …

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 month ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Adani Group to invest ₹7.5 lakh crore in Rajasthan, unveils ambitious green energy plans
1 month ago

Adani Group to invest ₹7.5 lakh crore in Rajasthan, unveils ambitious green energy plans

Live Mint  

Rising Rajasthan Global Investment Summit: The Adani Group announced a massive ₹7.5 lakh crore investment plan in Rajasthan during the Rising Rajasthan Global Investment Summit 2024, with over half of this investment to be implemented in the next five years. “The Adani Group plans to invest over ₹7.5 lakh crore across various sectors of the state economy, with over 50 …

Adani Group announces to invest Rs 7.5 lakh crore in Rajasthan across sectors
1 month ago

Adani Group announces to invest Rs 7.5 lakh crore in Rajasthan across sectors

India TV News  

Rising Rajasthan Global Summit: The Adani Group is planning to invest Rs 7.5 lakh crore across various sectors in Rajasthan, said Karan Adani, Managing Director of Adani Ports and SEZ Ltd on Monday at the Rising Rajasthan Global Summit held on Monday at the Jaipur Exhibition and Convention Centre in Sitapura. While speaking at the Rising Rajasthan Summit, Karan Adani …

Adani Group unveils Rs 7.5 lakh crore investment plan for Rajasthan
1 month ago

Adani Group unveils Rs 7.5 lakh crore investment plan for Rajasthan

India Today  

The Adani Group announced plans to invest Rs 7.5 lakh crore in Rajasthan in a bid to boost the state's economy. The announcement was made during the Rising Rajasthan Global Investment Summit held in Jaipur, where the group outlined its vision for driving economic growth and development across various sectors. The Adani Group’s investment plan in Rajasthan includes projects across …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
1 month, 1 week ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
1 month, 1 week ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Adani Green Energy shares jump 9% in morning trade
1 month, 1 week ago

Adani Green Energy shares jump 9% in morning trade

The Hindu  

Shares of Adani Green Energy jumped 9% on Monday morning after Adani group chairman Gautam Adani said his conglomerate was committed to compliances and "every attack makes us stronger" amid recent allegations and his indictment in the U.S. Adani Total Gas was trading at ₹774.45, down 4.57%, Adani Energy Solutions at ₹805.60, decline of 4.16%, Adani Enterprises ₹2,428.20, a fall …

Adani group stocks: Why Adani Green Energy shares will be in focus today
1 month, 1 week ago

Adani group stocks: Why Adani Green Energy shares will be in focus today

India Today  

Shares of Adani Green Energy Ltd are expected to draw investor attention today following significant developments within the Adani group. Adani group’s Chief Financial Officer, Jugeshinder Singh, said that they may consider reviving their previously scrapped dollar bond between April and June next year. The group is also exploring the possibility of public bond sales for other firms within the …

Adani Green, Adani Energy Solutions jump after F&O inclusion
1 month, 1 week ago

Adani Green, Adani Energy Solutions jump after F&O inclusion

Live Mint  

The inclusion of Adani Green Energy and Adani Energy Solutions in the futures and options segment of the National Stock Exchange drew huge participation from traders and investors, sending these two stocks soaring. Friday's outsized gains helped the shares of Adani Green Energy and Adani Energy Solutions contribute the most to investor wealth creation within the eleven Adani group's listed …

Adani Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations
1 month, 1 week ago

Adani Group Stocks Surge; IHC, Global Partners Reaffirm Support Amid Allegations

ABP News  

Shares of all 11 listed Adani Group companies rallied, led by Adani Green Energy, which soared nearly 15 per cent on the BSE. Market Performance Adani Green Energy shares rose 14.64 per cent, followed by Adani Energy Solutions, which surged 13.54 per cent. Other notable gainers included: Adani Total Gas: Up 7.33 per cent Adani Power: Up 4.90 per cent …

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains
1 month, 1 week ago

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains

Live Mint  

Stock Market today: Adani group companies saw their share price gain up to 14% for third day in a row. Adani Green Energy Ltd share price led the gains rising up to 14% in the morning trades on Friday. Adani Total Gas share price saw rise of up to 5% closely followed by Adani Power share price seeing similar gains …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
1 month, 1 week ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani group loans: Indian lenders kick off a review
1 month, 1 week ago

Adani group loans: Indian lenders kick off a review

The Hindu  

Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered …

Nine Adani Group firms trade higher; Adani Total soars nearly 19%
1 month, 2 weeks ago

Nine Adani Group firms trade higher; Adani Total soars nearly 19%

Deccan Chronicle  

Shares of nine of the 11 listed Adani Group firms were trading higher during morning trade on Thursday, with Adani Total Gas soaring nearly 19 per cent.The stock of Adani Total Gas soared 18.58 per cent, Adani Power zoomed 11.44 per cent, Adani Energy Solutions jumped 9.99 per cent and Adani Green Energy surged 9.99 per cent on the BSE.Shares …

Adani allegations shine spotlight on India’s clean energy conundrum
1 month, 2 weeks ago

Adani allegations shine spotlight on India’s clean energy conundrum

The Hindu  

Published : Nov 28, 2024 11:22 IST - 4 MINS READ Bribery allegations against the Adani Group founder Gautam Adani have highlighted the growing problem India’s renewable energy developers face in finding buyers for the power they generate. The challenges were stark in the case of Adani Green, India’s largest renewable energy company, which took over three years to strike …

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?
1 month, 2 weeks ago

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?

Live Mint  

Stock Market Today: After rallying up to 18% in intra-day trade on Thursday, November 28, Adani group shares ended on a mixed note amid profit booking following a sharp two-day rally and weakness in the broader market indices. Adani Group gained in early trade today after Adani Green Energy issued a clarification on Tuesday, refuting bribery charges against Gautam Adani …

Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
1 month, 2 weeks ago

Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged

The Hindu  

International Holding Co's outlook on investments in India's Adani Group remains unchanged, the Abu Dhabi conglomerate said following the U.S. indictment of billionaire Gautam Adani. "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC said in a statement on Wednesday. Last week, U.S. authorities accused Mr. Adani, his nephew …

Adani group stocks extend winning streak, rally up to 12% today
Top News
1 month, 2 weeks ago

Adani group stocks extend winning streak, rally up to 12% today

India Today  

Adani group shares continued their positive momentum and extended their rally on Thursday with its stocks gaining up to 10% in early trade. The shares of the conglomerate have seen a recovery after the Adani group issued a clarification on charges of bribery by US authorities. The rally follows a clarification by Adani Green Energy Ltd on Wednesday that dismissed …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 2 weeks ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Adani Group firms surge; Adani Total, Adani Power soar nearly 20 pc
1 month, 2 weeks ago

Adani Group firms surge; Adani Total, Adani Power soar nearly 20 pc

Deccan Chronicle  

New Delhi: Shares of all Adani Group firms ended sharply higher on Wednesday, with Adani Total Gas and Adani Power soaring nearly 20 per cent, bouncing back from the previous day's fall. The stock of Adani Total Gas surged 19.76 per cent, Adani Power soared 19.66 per cent, Adani Enterprises zoomed 11.56 per cent, Adani Energy Solutions jumped 10 per …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
1 month, 2 weeks ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

Adani Group stocks gain up to 17% after clarification on US bribery charge
1 month, 2 weeks ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

TotalEnergies pauses business with Adani, whistleblower Nelson Amenya says, ‘When it rains, it pours…’
1 month, 2 weeks ago

TotalEnergies pauses business with Adani, whistleblower Nelson Amenya says, ‘When it rains, it pours…’

Live Mint  

French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to its Adani Group investments following last week's indictment. Kenya Whistleblower Nelson Amenya Takes Jab Also sharing the press statement, Kenya airport whistleblower Nelson Amenya took at ajab …

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip
1 month, 2 weeks ago

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip

ABP News  

Nine of the 10 listed Adani Group firms saw a strong surge in morning trade on Monday, aligning with a broader rally in the equity markets. Adani Energy Solutions saw its stock rise by 6.89 per cent, while Adani Green Energy climbed 6.42 per cent. Other significant gainers included Adani Total Gas, which advanced 5.33 per cent, Adani Ports up …

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%
1 month, 2 weeks ago

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%

The Hindu  

Shares of nine of the ten Adani group firms climbed on the bourses in morning trade on Monday, with Adani Energy Solutions surging nearly 7%, in-tandem with a rally in the equity market. The stock of Adani Energy Solutions jumped 6.89%, Adani Green Energy soared 6.42%, Adani Total Gas surged 5.33%, Adani Ports climbed 4.64% and Adani Power rallied 4.17% …

Adani bribery case: Accused executive’s new company landed a $1.2 billion investment pact from REC in September
1 month, 2 weeks ago

Adani bribery case: Accused executive’s new company landed a $1.2 billion investment pact from REC in September

Live Mint  

Bengaluru: The chief executive of a two-year-old zero-revenue green energy company that recently scored a ₹10,000 crore investment commitment from REC Ltd is among those indicted in the $250 million Adani bribery case. New Delhi-based Ocior Energy’s co-founder and CEO Ranjit Gupta was the chief executive of Azure Power Global Ltd, the company in the thick of the bribery charges …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month, 2 weeks ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Adani indictment rocks equities and bonds alike
1 month, 2 weeks ago

Adani indictment rocks equities and bonds alike

Live Mint  

Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. A $250 million bribery scheme aimed at influencing Indian officials to secure favourable solar power contracts for Adani Green Energy Ltd and New Delhi-based Azure Power Global Ltd. Shankar Sharma, founder of wealth …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month, 2 weeks ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Adani Group stocks extend slide amid bribery charges. Details here
1 month, 2 weeks ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

The $250 million Adani bribery case: whistleblower complaints, WhatsApp texts, and ‘incentives’
1 month, 3 weeks ago

The $250 million Adani bribery case: whistleblower complaints, WhatsApp texts, and ‘incentives’

Live Mint  

Two whistleblower complaints flagging financial impropriety at a small New York Stock Exchange-listed company marked the start of a two-year probe by the US government into the Adani group. SECI, a company under India’s ministry of new and renewable energy, oversees New Delhi’s renewable energy plans, including funding large solar projects such as those by Azure Power and Adani Green. …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month, 3 weeks ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
1 month, 3 weeks ago

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to Adani Power’s website, it has expanded to …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month, 3 weeks ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
1 month, 3 weeks ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

Adani Group shares tank up to 20% in early trade after US indictment in bribery
1 month, 3 weeks ago

Adani Group shares tank up to 20% in early trade after US indictment in bribery

India Today  

Adani Group stocks fell sharply on Thursday, with shares dropping by as much as 20% in early trade. The decline in shares of Adani Group comes after US federal prosecutors charged Gautam Adani, the group's founder, with bribery allegations linked to securing solar energy contracts in India, reported news agency Reuters. ADANI GROUP REFUTES ALLEGATIONS The Adani Group has strongly …

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
1 month, 3 weeks ago

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

Associated Press  

NEW YORK — An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Adani’s co-defendants include his nephew Sagar Adani, the executive director of Adani Green Energy’s board, …

Adani Infra to buy 30% stake in construction firm PSP Projects for ₹6.85 billion
1 month, 3 weeks ago

Adani Infra to buy 30% stake in construction firm PSP Projects for ₹6.85 billion

Live Mint  

Adani Infrastructure will acquire a 30.07 per cent stake in Gujarat-based construction firm PSP Projects for ₹6.85 billion. The Adani Infra deal values PSP Projects at ₹575 per share, which is a 15 per cent discount from its closing price on Tuesday. Additionally, Adani Infra will provide an “open offer” to purchase more stakes in PSP Projects as, according to …

After Trump win, Gautam Adani announces major $10 bn investment in US energy, aims to create 15,000 jobs in America
1 month, 4 weeks ago

After Trump win, Gautam Adani announces major $10 bn investment in US energy, aims to create 15,000 jobs in America

Live Mint  

Following Donald Trump’s victory, Gautam Adani, chairman of the Adani Group, announced plans to invest $10 billion in US energy and infrastructure projects. Adani’s announcement comes as Trump reiterates his pro-oil stance, vowing to streamline energy policies and expedite project approvals to boost domestic production. As the partnership between India and the United States deepens, the Adani Group is committed …

Adani Group to invest $10 billion in US energy and infrastructure projects
1 month, 4 weeks ago

Adani Group to invest $10 billion in US energy and infrastructure projects

Live Mint  

Adani Group founder and chairman Gautam Adani said in a social media post on platform X on Wednesday, November 13, that the company will invest $10 billion in energy and infrastructure projects in the United States. The Adani Group Chair announced the company's aims to expand the partnership between India and the United States by leveraging its global expertise and …

Gautam Adani pledges USD 10 billion investment in US energy, infrastructure projects
1 month, 4 weeks ago

Gautam Adani pledges USD 10 billion investment in US energy, infrastructure projects

India TV News  

Adani Group Chairman Gautam Adani has announced a $10 billion investment in the US in energy security and infrastructure, aiming to create 15,000 jobs. Major investment in energy security Gautam Adani highlighted the Adani Group’s commitment to US energy and infrastructure, committing to USD 10 billion targeted to advance resilience and energy security. Message to President-elect Trump Following Donald Trump’s …

Gautam Adani has a new $5 billion business idea in mind
1 month, 4 weeks ago

Gautam Adani has a new $5 billion business idea in mind

Live Mint  

The Adani Group is planning a $5 billion foray into India's metals business, two years after marking its mega entry into the country's cement sector. The two people said since the group, which aims to reach 50GW in renewable energy by 20230, itself needs a lot of aluminium for manufacturing solar panels, frames, stands, and wind turbines, the plan to …

Adani Energy Solutions shares tumble over 9%; here’s why
2 months ago

Adani Energy Solutions shares tumble over 9%; here’s why

Live Mint  

Shares of Adani Energy Solutions tumbled 9.3% to ₹975 per share in intraday trade on Thursday, November 7 after the MSCI’s latest rebalancing announcement excluded the Adani Group company from its Global Standard Index. In a release, MSCI cited publicly available disclosures indicating that Adani Energy Solutions had been issued a show cause notice by the Securities and Exchange Board …

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
3 months, 3 weeks ago

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions

Live Mint  

The Adani group has created a war chest of $5-7 billion for acquisitions over the next six months, reviving an aggressive growth strategy that had defined the airports-to-electricity conglomerate before US-based short-seller Hindenburg Research hit it with its alarming allegations. Two people directly aware of the Adani group’s plans said the conglomerate plans to acquire companies primarily in cement, airports, …

Adani Power, Adani Green Energy stocks surge up to 6% after securing 6.6 GW hybrid solar and thermal order
3 months, 3 weeks ago

Adani Power, Adani Green Energy stocks surge up to 6% after securing 6.6 GW hybrid solar and thermal order

Live Mint  

Shares of Adani Group stocks such as Adani Power and Adani Green Energy were flying high in today's early trade with gains of up to 6 per cent after both companies were issued letters of intent by the Maharashtra state DISCOM to supply a total of 6,600 MW of hybrid solar and thermal power, the companies said in a joint …

TotalEnergies deepens ties with India's Adani Green with $444 mln JV
4 months, 1 week ago

TotalEnergies deepens ties with India's Adani Green with $444 mln JV

The Hindu  

TotalEnergies will form a joint venture with India's Adani Green Energy Ltd. in a deal in which the French oil giant will contribute an equity investment of $444 million, it said on Tuesday. The two firms had formed a JV in September 2023 worth $300 million, which gave Total "direct access to ownership of assets" contributed by Adani Green — …

Domestic Banks, NBFCs now hold 36% exposure of Adani Group's total debt
4 months, 2 weeks ago

Domestic Banks, NBFCs now hold 36% exposure of Adani Group's total debt

India Today  

Adani Group's debt mix now sees domestic banks and non-banking financial companies accounting for 36% of its total debt, as per recent data. As of March 31, 2024, Indian banks and NBFCs had lent Rs 88,100 crore to the Adani Group, contributing to the total debt of Rs 2,41,394 crore. During the last fiscal year, the group's debt from the …

Aurum Equity To Set Up USD 400 Million Centre in City
5 months ago

Aurum Equity To Set Up USD 400 Million Centre in City

Deccan Chronicle  

HYDERABAD: In a significant announcement, Aurum Equity Partners announced an investment of $400 million in phases to build a next-generation, AI-powered, green data centre in the city after a meeting with Chief Minister A. Revanth Reddy and IT and industries minister D. Sridhar Babu at Palo Alto, California, on Friday. The company has now decided to establish a cutting-edge AI-powered …

Adani Energy Solutions may launch $600 million share sale this week: Report
5 months, 1 week ago

Adani Energy Solutions may launch $600 million share sale this week: Report

Hindustan Times  

Gautam Adani-led Adani Energy Solutions is likely to launch a share sale this week to raise over $600 million, as per news agency Reuters. The Hindenburg report accused Adani Group of improper use of offshore tax havens and stock manipulation. Adani Energy Solutions plans to raise funds through a Qualified Institutional Placement, the report claimed. Since Hindenburg report in January …

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