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2 weeks, 6 days ago

Explained: Why Reliance Power share price hit upper circuit today

Shares of Reliance Power surged 5% to hit the upper circuit at Rs 41.09 on Wednesday, following the withdrawal of a debarment notice by the Solar Energy Corporation of India. In a December 3 exchange filing, Reliance Power announced that SECI had revoked its debarment notice, allowing the company and its subsidiaries—excluding Reliance NU BESS —to participate in SECI’s tenders. …

Reliance Reliance Power Seci Power Share

2 weeks, 6 days ago

Why it's a rocky road ahead for Adani Group

India Today

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

India Energy Odisha Congress Indian Power Case

3 weeks, 3 days ago

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media

India TV News

Former Andhra Pradesh Chief Minister and YSR Congress Party president YS Jagan Mohan Reddy has strongly denied any involvement in the ongoing controversy surrounding the Adani Group, following allegations of a bribery scheme linked to the company. Reddy emphasised that the issue began with SECI’s letter to the Andhra Pradesh government offering the cheapest power procurement deal in the state’s …

State Reddy Group Adani Seci

3 weeks, 4 days 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 …

India Energy Supply Power Projects Renewable Adani

3 weeks, 5 days ago

Jagan Reddy defends SECI power deal, threatens legal action on media allegations

India Today

YSR Congress Party president and former Chief Minister YS Jagan Mohan Reddy strongly defended the power sale agreement with the Solar Energy Corporation of India and dismissed the recent media allegations against him. While speaking in Tadepalli, Andhra Pradesh, on Thursday, he stated that the deal, which involves the purchase of power at Rs 2.49 per unit, was between the …

Power State Reddy Rate Naidu Seci

4 weeks ago

Stalin attacks PMK founder, dismisses Adani link claims

Hindustan Times

Tamil Nadu chief minister MK Stalin on Monday hit out at S Ramadoss, founder of the Pattali Makkal Katchi, an ally in the NDA, over the latter’s allegation that the DMK chief and industrialist Gautam Adani held a secret meeting in Chennai at the CM’s residence. Tamil Nadu Chief Minister MK Stalin claimed Ramadoss keeps issuing such statements “as he …

India Tamil Nadu Solar Power Minister Chief Stalin Nda

4 weeks, 1 day ago

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless

India Today

Former minister Kakani Govardhan Reddy defended the YSR Congress party government’s power purchase policies, asserting that all transactions were conducted transparently with the Solar Energy Corporation of India, a central government entity, and not with the Adani Group as alleged by opposition parties. Speaking to the media, Reddy stated that the YS Jagan Mohan Reddy-led government had purchased power at …

Power Reddy Balineni Seci

4 weeks, 1 day ago

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers

India Today

YSRCP leader Chevireddy Bhaskar Reddy slammed former Andhra Pradesh power minister Balineni Srinivas Reddy for his baseless comments against Jagan Mohan Reddy. BALINENI BLAMES JAGAN REDDY Balineni, who quit the YSRCP on September 18 and later joined the Jana Sena Party, recently accused party president and former chief minister YS Jagan Mohan Reddy of wrongdoing. Chavireddy made similar arguments, saying: …

Energy Jagan Agreement Cabinet Ysrcp Jagan Mohan Reddy Jagan Reddy

‘Will study US indictment report, act on it’: CM Chandrababu Naidu on bribery charges against Adani, Jagan Reddy

Hindustan Times

Andhra Pradesh chief minister N Chandrababu Naidu on Friday said that the state government is in possession of the indictment order filed in the United States against industrialist Gautam Adani. The indictment order submitted by US Securities and Exchange Commission alleges that Adani met the then chief minister of Andhra Pradesh in 2021, and offered bribes worth $200 million to …

Congress Jagan State Pti Ysrcp Adani Seci

1 month ago

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani

Firstpost

SECI holds Navratna status, a designation granted by the Government of India to PSUs for exceptional performance. This gives SECI with greater financial and operational autonomy to make decisions, invest, and expand operations without extensive government approvals SECI is a Navratna PSU at the heart of the US indictment against Gautam Adani. Image sources: Pixabay/Wikimedia Commons The Solar Energy Corporation …

India Energy Power Renewable Gautam Adani Indictment Psu

1 month ago

Adani bribery charge sparks political storm: Centre, states react to US claims

India Today

Four states - Andhra Pradesh, Chhattisgarh, Odisha and Tamil Nadu - and one Union Territory, Jammu and Kashmir, came into focus after US prosecutors indicted industrialist Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. ANDHRA PRADESH Andhra Pradesh Chief Minister Chandrababu Naidu on Friday addressed the US allegations of bribery …

India Energy Odisha Congress Allegations Power Solar

1 month ago

YSRC: USSEC allegations incorrect, thousands of crore saved with SECI deal

New Indian Express

VIJAYAWADA: YS Jagan Mohan Reddy’s YSR Congress Party has strongly condemned the allegations of USSEC in its Indictment saying that they are incorrect. The Power Sale Agreement was signed between two government agencies SECI and Discoms after the approvals from the AP Electricity Regulatory Commission and the Central Electricity Regulatory Commission and there was no direct agreement with Adani group. …

State Ysrc Seci

1 month ago

MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News

India Today

The DMK government in Tamil Nadu has denied any direct ties to the Adani group following allegations in a US court that the conglomerate promised bribes to Indian government officials between July 2021 and February 2022. Tamil Nadu Electricity Minister Senthil Balaji clarified that the state’s power department has not entered into any direct agreements with the Adani group since …

Tamil Nadu Allegations Power Tamil State Bjp Group

1 month ago

YSRC Denies Direct Agreement Between AP Discoms and Adani Group

Deccan Chronicle

Vijayawada: The YSRC has denied allegations of a direct agreement between Andhra Pradesh Discoms and the Adani Group following claims of bribery involving government officials to secure power, as reported in an indictment by the US Department of Justice. In a statement issued on Thursday, the YSRC clarified that it received an offer from the Solar Energy Corporation of India …

Seci Ysrc Denies

1 month ago

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ

Deccan Chronicle

Hyderabad:Tremors of the alleged bribery scam involving top industrialist Gautam Adani were felt in Andhra Pradesh with the previous Y.S. The US Department of Justice has disclosed that a high-ranking official in AP who served between May 2019 and June 2024 was offered “a corrupt payment of Rs 1,750 crore in exchange of the official causing distribution companies to agree …

Indian Power Solar Solar Power Nda Gautam Adani Adani

1 month ago

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Hindustan Times

The United States Securities and Exchange Commission has alleged that billionaire tycoon Gautam Adani met then-Andhra Pradesh chief minister YS Jagan Mohan Reddy in August 2021. The meeting was about the fact that the southern state had not entered into a power supply agreement with the Solar Energy Corporation of India and the “incentives” needed to cause Andhra Pradesh to …

Power Sec Bribe Alleged Pradesh Gautam Adani Adani

1 month ago

Adani indictment in US court: How the Congress Party is scoring self goals, and amplifying outrage over mere allegations

Op India

On Thursday, the US Attorney’s Office in the eastern district of New York said that Adani Group chairman Gautam Adani and seven other executives had been accused in connection with an alleged years-long plot to bribe Indian officials. pic.twitter.com/MLWa175O2D — Sushant Singh November 20, 2024 Notorious Supreme Court lawyer and a known Modi detractor Prashant Bhushan also passed off the …

Energy Tamil Nadu Odisha Supreme Court Congress Party Court States

1 month 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. …

India Indian Power Green Energy State Officials Group

1 month ago

If Adani company 'bribed' officials in India, what is the US probe all about?

India Today

Adani Group chairperson Gautam Adani was among eight people indicted by US prosecutors for allegedly paying Rs 2,029 crore in bribes to officials for solar power contracts in four Indian states and one union territory. Gautam Adani, Sagar and six others have been indicted for allegedly paying bribes to officials in India for securing solar power contracts with state electricity …

India Energy Indian Power Solar Company Officials

1 month ago

Mint Explainer: What is the US indictment of Gautam Adani all about?

Live Mint

In the early hours of Thursday, India time, the US Attorney's Office in New York issued a press release stating it has indicted Adani Group chair Gautam Adani and seven other executives in connection with an alleged years-long scheme to bribe Indian officials. US prosecutors allege that $250 million in bribes were paid to unnamed Indian officials in exchange for …

Energy Indian Power Companies Green New York Prosecutors

1 month ago

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu

India Today

Four states and one Union Territory are in focus following the US indictment of Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. The prosecutors have alleged that the Adani Group paid USD 265 million in bribes, with a large chunk directed at officials in Andhra Pradesh, to secure contracts with …

Energy Tamil Nadu Odisha Power Solar Solar Power Official

1 month ago

SECI, the central PSU at heart of Adani bribery allegations

New Indian Express

NEW DELHI: Solar Energy Corporation of India, the company at the heart of the Adani group bribery scandal in the US, is a central PSU ‘dedicated to the development and expansion of Renewable Energy capacity in India’. A US district court has found that Adani Green Energy had signed a Power Purchasing Agreement with SECI, under which the Adani Group …

India Gupta Seci Solar

1 month ago

Who is the mysterious 'Foreign Official #1', named in Adani bribery case by US?

India Today

Amid the row over the US indictment of Gautam Adani in a bribery case, an Andhra Pradesh government official named as "Foreign Official #1" in court filing has generated much curiosity. According to the prosecutors, out of the Rs 2,029 crore paid by the Adani Group as bribes to Indian government officials for securing solar power contracts between 2020-2024, Rs …

Power Solar Solar Power Adani Andhra Seci Foreign Official

1 month ago

What is the case in which Gautam Adani has been charged with bribery in US?

India Today

Trouble mounted for Gautam Adani after US prosecutors indicted the Adani Group chairperson, his nephew Sagar Adani and six others for allegedly paying Rs 2,029 crore in bribes to Indian government officials for securing solar power contracts with state electricity distribution companies. As per the US indictment, Gautam Adani is mentioned as the founder and chairperson of an "Indian Energy …

Indian Power Solar Solar Power Group Gautam Adani Energy Company

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Articles for Seci, search results for allegations

Explained: Why Reliance Power share price hit upper circuit today

Why it's a rocky road ahead for Adani Group

YS Jagan Reddy denies alleged link with Adani group, threatens legal action against media

Adani allegations shine spotlight on India’s clean energy conundrum

Jagan Reddy defends SECI power deal, threatens legal action on media allegations

Stalin attacks PMK founder, dismisses Adani link claims

Jagan Reddy's party defend SECI deal, dismisses Adani link allegations as baseless

Adani bribery row: Jagan Reddy's party leader says defector signed SECI papers

‘Will study US indictment report, act on it’: CM Chandrababu Naidu on bribery charges against Adani, Jagan Reddy

5 things about SECI, the PSU mentioned in US indictment of Gautam Adani

Adani bribery charge sparks political storm: Centre, states react to US claims

YSRC: USSEC allegations incorrect, thousands of crore saved with SECI deal

MK Stalin's DMK government in Tamil Nadu rejects Adani bribe allegations, demands probe amid political fallout - Tamil Nadu News

YSRC Denies Direct Agreement Between AP Discoms and Adani Group

Adani Bribed AP Under Jagan Rule for Sale of Solar Power, Says US DoJ

Gautam Adani met Jagan Reddy in 2021, promised $200 million bribe to officials, claims US report

Adani indictment in US court: How the Congress Party is scoring self goals, and amplifying outrage over mere allegations

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

If Adani company 'bribed' officials in India, what is the US probe all about?

Mint Explainer: What is the US indictment of Gautam Adani all about?

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu

SECI, the central PSU at heart of Adani bribery allegations

Who is the mysterious 'Foreign Official #1', named in Adani bribery case by US?

What is the case in which Gautam Adani has been charged with bribery in US?