The shares of Adani Group companies continued the decline for the fifth straight session on Friday, as stormed with negative news against to group and the respective company. The group’s market capitalization eroded by near Rs 1.7 lakh crore to Rs 7.8 lakh crore from Rs 9.5 lakh crore earlier. The shares of Adani Group […]
Adani Group becomes third Indian conglomerate to cross $100 billion in m-cap
MUMBAI: Billionaire Gautam Adani’s ports-to-energy conglomerate has become India’s third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group’s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh […]
Adani Green Energy’s Kamuthi solar plant becomes water positive
According to the DNV certification, the plant created a water credit of 52,982 m3, which is more than its water consumption for year 2020-21, AGEL said New Delhi: Adani Green Energy Limited (AGEL) on Thursday said its Kamuthi solar plant in Tamil Nadu has become water positive. A plant of a company becomes water […]
Kerala to purchase wind power from Adani Group
Kochi : Though the state government opposed Adani Group in taking over the Thiruvananthapuram airport, it has welcomed the company when it comes to power supply. The Kerala State Electricity Board (KSEB) has decided to purchase 75 megawatt wind power from Adani Group. This 75 megawatt is out of the 300 megawatt wind power purchased […]
Adani Group releases pledge on 10 lakh share of AGEL, 1.38 cr shares of ATL
Adani Group stated in a BSE filing about “release of pledge on 10,00,000 equity shares of AGEL and Release of pledge on 1,38,21,355 equity shares of ATL”. New Delhi: Adani Group firms Adani Green Energy (AGEL) and Adani Transmission (ATL) on Saturday announced release of pledge on equity shares by their promoters Gautam S Adani […]
Andhra Pradesh’s 6.4 GW solar tender gets bids from Adani Group, Torrent Power and NTPC
The state government had earlier started building a 1,000 MW solar park in Kadapa, through a joint venture with the Centre, but has not allotted lands or awarded contracts for work on the ground. The Andhra Pradesh government has received good response to the bids invited by it earlier this month to build solar power […]
Adani’s bid to buy out AES from Odisha Power falls apart
The Odisha government has scuttled the plans of billionaire Gautam Adani-controlled Adani Power Ltd to acquire a 49% stake in Odisha Power Generation Corp (OPGC) from New York-listed AES Corp. The state government, which owns 51% of the power producer, has exercised its ‘right of first refusal’ to effectively disallow Adani Power from buying […]
IEEFA: Adani’s Godda power project ‘left behind’ by changing energy policy in India and Bangladesh
Plans for the new coal-fired power station can be reconfigured to support India’s economic recovery The Adani Group’s recent acquisition of a coal block in Jharkhand has further highlighted how misaligned the Godda coal power project is with Indian energy strategy. Furthermore, new developments in Bangladesh – where Godda power is intended to be exported […]
Italy’s Snam ties up with Adani Group and Greenko
Apart from reducing dependence on fossil fuels for mobility, these green hydrogen plants will also provide grid-scale storage solutions, and provide feedstock for ammonia production Greenko and Adani Group have separately tied up with Italy’s Snam S.p.A. for setting up a green hydrogen business. This comes in the backdrop of state-run Solar Energy Corp. of […]
Adani to complete 1,000 MW transmission line to Mumbai by December 2022
In a review meeting taken following last Monday’s power outage, Maharashtra Chief Minister Uddhav Thackeray had asked all stakeholders to expedite the project by adhering to the timelines Mumbai: Adani Transmission Ltd (ATL) on Sunday affirmed that it will be able to execute a transmission line and sub-station project at suburban Vikhroli which will enhance […]