Adani Group’s FY24 net jumps 55%; mulls $90-billion capex
7 months, 1 week ago

Adani Group’s FY24 net jumps 55%; mulls $90-billion capex

The Hindu  

Adani group saw a 55% profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a $90 billion capex over the next decade. Adani Ports acquired Gopalpur port, Adani Power commissioned 1.6 GW Godda power plant, Adani Green added 2.8GW renewable energy capacity and commenced operations of solar power project in Khavda, Gujarat, and Adani Energy Solutions put up 1,244 circuit kilometers of transmission lines. On the way forward, Jeferries said, “Adani Enterprises is amid scaling its captive manufacturing capacity towards starting green hydrogen production by FY27; Navi Mumbai Airport appears likely to commission by 4QFY25; data centre projects are scaling up.” Adani Cement is looking to double capacity, Adani Ports has outlined its 5-year business road map that targets EBITDA growth at 18 per cent CAGR in FY24-29. “Ports EBITDA is expected to rise at 16 per cent CAGR led by expansion and ramp-up with the company targeting 1 billion tonnes cargo volume by 2030,” it said, adding Adani Green has raised its 2030 power capacity target from 45 GW to 50 GW now including 5GW pumped hydro.

Companies Group Adani Net Fy24 Net Debt  fy24  cagr  jumps  mulls  ports  90billion  green  capex  crore  power  expansion  group  groups  55  net  adani  companies

History of this topic

Adani Ports ranks among Top 10 firms in S&P Global’s corporate sustainability list 2024: Check details
3 days, 1 hour ago

Adani Ports ranks among Top 10 firms in S&P Global’s corporate sustainability list 2024: Check details

Live Mint  

Gautam Adani-led Adani Group's port-operating arm, Adani Ports and Special Economic Zone, ranked among the top 10 global transportation and transportation infrastructure companies in S&P Global's Corporate Sustainability Assessment, according to a BSE filing. Adani Ports was the only Indian company in the Top 10 list of S&P Global CSA 2024. The company also announced that 60 per cent of …

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 …

Adani Enterprises to fully exit Adani Wilmar JV; check details here
1 week, 5 days ago

Adani Enterprises to fully exit Adani Wilmar JV; check details here

Live Mint  

Adani Enterprises Ltd is exiting its 26-year joint venture with Singapore's Wilmar group, raising over $2 billion that it will invest in core businesses such as energy and utilities. The Adani Group flagship on Monday said it will sell its entire 43.94% stake in Adani Wilmar Ltd-31.06% stake to its partner Wilmar International, and the balance to the public. Adani …

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
3 weeks, 2 days ago

Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal

The Hindu  

Bangladesh’s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. Adani Group has called the U.S. allegations “baseless.” Tax Exemptions Adani Power’s Godda plant runs off imported coal and was built to serve Bangladesh. …

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 …

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy
Trending News
1 month ago

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy

India Today  

The stock markets have remained range-bound in recent sessions, with indices closing flat as the momentum from earlier rebounds has slowed after a new governor for the Reserve Bank of India was announced and a change in policies could be on the cards. Today, several stocks are likely to be in focus due to recent news and developments, such as …

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 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 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 …

India’s Adani says his group is committed to compliance after US bribery and fraud charges
1 month, 1 week ago

India’s Adani says his group is committed to compliance after US bribery and fraud charges

Associated Press  

NEW DELHI — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced. And every obstacle becomes a stepping stone for a more resilient Adani Group,” Adani said late Saturday at an …

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 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 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 …

Andhra Pradesh extends power supply deadline for Adani Green Energy
1 month, 2 weeks ago

Andhra Pradesh extends power supply deadline for Adani Green Energy

Live Mint  

New Delhi: The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power after the company missed two earlier deadlines citing transmission unavailability, said three people aware of the development. To Mint's queries on the extension from the Andhra Pradesh government, a spokesperson for Adani Green said the scheduled completion date of the …

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 …

More trouble for Adani Group as Moody's downgrades outlook for 7 firms
1 month, 2 weeks ago

More trouble for Adani Group as Moody's downgrades outlook for 7 firms

India Today  

The Adani Group is facing increased scrutiny as Moody’s Ratings announced a downgrade of its outlook for seven companies within the group. REASONS FOR THE DOWNGRADE The downgrade comes in the wake of legal troubles involving Gautam Adani, the chairman of Adani Green Energy Ltd, and senior members of the group’s management. AFFECTED ENTITIES The companies affected by Moody’s revised …

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 Portfolio Delivers Record H1 And TTM Performance
1 month, 2 weeks ago

Adani Portfolio Delivers Record H1 And TTM Performance

ABP News  

Adani Group, one of India’s leading infrastructure conglomerate, on Monday announced the release of Adani Portfolio's H1 FY25 and Trailing-Twelve-Month Results and Credit Compendium. The strong performance in the first half was led by Adani Enterprises; emerging infra businesses, including solar and wind manufacturing, part of a fully integrated green hydrogen chain, airports and roads — EBITDA from these incubating …

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 …

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month, 2 weeks ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

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 …

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 …

Gautam Adani indicted in US for bribery: What do we know so far?
1 month, 3 weeks ago

Gautam Adani indicted in US for bribery: What do we know so far?

The Hindu  

A U.S. court has indicted Gautam Adani, his nephew Sagar Adani and six others on charges of duping investors and bribery. Gautam Adani, one of the world’s richest individuals, has been indicted by the U.S. Securities and Exchange Commission on charges of deceiving investors by concealing that his company’s major solar energy project on the subcontinent was being facilitated through …

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 …

Adani Group subsidiary cancels $600 million bond sale after US indictment
1 month, 3 weeks ago

Adani Group subsidiary cancels $600 million bond sale after US indictment

New Indian Express  

MUMBAI: Indian conglomerate Adani Group's green energy subsidiary said Thursday it had cancelled a US dollar-denominated bond sale, in its first statement acknowledging US criminal charges against billionaire founder Gautam Adani. "In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD-denominated bond offerings," Adani Green Energy's statement said. Gautam Adani, chairman of the …

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 …

Adani Ports' Net Profit Soars 40%, Reflecting Robust Growth Across Operations
2 months, 1 week ago

Adani Ports' Net Profit Soars 40%, Reflecting Robust Growth Across Operations

The Hindu  

Adani Ports and SEZ Ltd. (APSEZ) reported a 40% increase in its net profit to ₹2,445 crore in the second quarter ended September 30. Revenue from operations increased by 6% year-on-year to ₹7,067 crore, with a significant portion of this growth coming from the expansion of its marine fleet. The company also saw a significant increase in its logistics business, …

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 …

'Rigged deal': Congress attacks Mahayuti government over Adani winning bid to supply power to Maharashtra
3 months, 3 weeks ago

'Rigged deal': Congress attacks Mahayuti government over Adani winning bid to supply power to Maharashtra

The Hindu  

With the Adani Group winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, the Congress on Sunday alleged that it was a "rigged deal" facilitated by the Mahayuti government, which it claimed was "tottering towards a landslide defeat" in the upcoming assembly polls. The opposition party's attack came after the Adani Group won a …

‘Shocking details soon’: Congress on Adani winning 6,600 MW power bid in Maharashtra ahead of elections
3 months, 3 weeks ago

‘Shocking details soon’: Congress on Adani winning 6,600 MW power bid in Maharashtra ahead of elections

Hindustan Times  

Senior Congress leader Jairam Ramesh on Sunday lashed out at the Maharashtra government for awarding a power contract to the Adani Group, calling it ‘yet another Modani enterprise’ – an apparent jibe at Prime Minister Narendra Modi's perceived proximity to the billionaire industrialist. All about Adani's power bid Adani Power won the bid to supply a mix of renewable and …

Adani Green redeems $750 mn bonds
4 months ago

Adani Green redeems $750 mn bonds

The Hindu  

Adani Green Energy Limited, the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed $750 million worth of bonds as it deleverages business. It also emphasises the structured approach to accomplish credit metrics akin to investment grade profile for its underlying debt capital raise programme," the firm said in the …

'Unsustainable': Adani Group warns Bangladesh over $500 million in unpaid power dues
4 months ago

'Unsustainable': Adani Group warns Bangladesh over $500 million in unpaid power dues

India Today  

The Adani Group, led by billionaire Gautam Adani, has issued a serious warning to Bangladesh’s interim government about a significant backlog of unpaid dues related to a major power project. The Financial Times reports that Bangladesh currently owes $500 million to Adani, a situation the company deems "unsustainable." It may be noted that Yunus’s government has been vocal about the …

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 …

Adani Power's Godda Plant Gets Green Light To Supply Indian Market Amid Bangladesh Unrest
4 months, 3 weeks ago

Adani Power's Godda Plant Gets Green Light To Supply Indian Market Amid Bangladesh Unrest

ABP News  

Adani Power’s 1,600 MW coal-fired Godda power plant in Jharkhand, previously dedicated to supplying electricity exclusively to Bangladesh, can now divert output to India, following a significant amendment to the country's power export rules, according to a report by Reuters. An internal memo from India's federal power ministry, dated August 12 and seen by the news agency, revises 2018 guidelines …

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 …

Adani Group shares tumble; Adani Ports plunges 20 pc
7 months, 1 week ago

Adani Group shares tumble; Adani Ports plunges 20 pc

The Hindu  

Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls. The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani …

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP
7 months, 2 weeks ago

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP

Business Standard  

The board of Adani Enterprises, the flagship firm of the conglomerate, on Tuesday approved raising Rs 16,600 crore by way of qualified institutional placement of shares or any other instruments, it told stock exchanges in a statement. The approval came a day after its transmission tower firm, Adani Energy Solutions, cleared plans to raise Rs 12,500 crore by way of …

India's Adani Energy Solutions to raise up to $1.5 billion
7 months, 2 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Adani Energy Solutions Q4 results: Profit drops 13% to ₹381 cr
8 months, 1 week ago

Adani Energy Solutions Q4 results: Profit drops 13% to ₹381 cr

Hindustan Times  

After Adani Total Gas revealed its fourth quarterly results, yet another Adani group company has done the same during the after-market hours. Now, Adani Energy Solutions Q4 results have been declared and the company says in a statement that it has posted a 13.26 per cent fall in its consolidated net profit to ₹381.29 crore. Adani Energy net profit after …

Adani Green Energy share price declines 4% despite strong FY24 business updates
8 months, 3 weeks ago

Adani Green Energy share price declines 4% despite strong FY24 business updates

Live Mint  

Stock Market Today: Adani Green Energy share price declined slightly more than 4% in the morning trades on Monday. Apart from capacity expansions, Adani Green also reported string rise in Sale of Energy by 47% year-on-year at 21,806 million units during FY24. Wind portfolio Capacity Utilisation Factor at 29.4% for Adani Green also marked a 420 bps improvement year-on-year, which …

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