In Short : In 2023, Adani successfully secured a substantial $15 billion, following reported conflicts with Hindenburg. For the latest and accurate details, it is advisable to consult recent news sources for updates on Adani’s financial activities and potential interactions with Hindenburg. In Detail : Billionaire Gautam Adani’s net worth took a major hit after […]
Adani to invest $100 bn in green energy shift – EQ
In Short : The statement suggests that Adani Group plans to invest $100 billion in a shift towards green energy. This signifies a substantial commitment to renewable energy projects and sustainability initiatives. Adani’s significant investment reflects the growing importance of transitioning to clean and sustainable energy sources, aligning with global efforts to combat climate change […]
Adani to invest Rs 2,000 cr to build 2 transmission lines in Mumbai city – EQ Mag
The two new transmission lines comprise the 84 ckm Kharghar (in Navi Mumbai) Vikhroli line in the northeastern suburb of the megalopolis and the Thane-Aarey Colony line. Adani Electricity Mumbai is investing over Rs 2,000 crore to build two new transmissions lines in the city to strengthen its network as it moves closer to go […]
Adani to raise $3.5 bn from share sale in three group cos – EQ Mag
While Adani Enterprises and Adani Transmission already said they will together raise up to $2.5 bn, a report said the board of Adani Green Energy is likely to meet to approve fundraising of up to $1 billion in the next couple of weeks Billionaire Gautam Adani’s Adani Group is looking to raise about $3.5 billion […]
Adani eyes Rs 21,000 crore from stake sale in two group firms – EQ Mag
US short-seller Hindenburg Research in January released a damning report alleging accounting fraud and stock price manipulation at Adani Group, triggering a stock market rout that had erased about USD 145 billion in the conglomerate’s market value at its lowest point. Billionaire Gautam Adani’s group will raise Rs 21,000 crore (over USD 2.5 billion) through […]
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut – EQ Mag
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware of the development. This is the third bankrupt power producer for which two of the country’s largest corporate houses – Reliance Industries and the Adani […]
Adani has $2 bn bonds due for repayment in 2024 – EQ Mag
New Delhi : The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between […]
France’s TotalEnergies pauses green hydrogen project with Adani – EQ Mag
A contract to create a new hydrogen company with Adani “has not been signed and will not be signed”, said TotalEnergies chief executive Patrick Pouyanne. NEW DELHI : French energy major TotalEnergies has put on hold its participation in Adani Group’s $50 billion hydrogen project. While the partnership with the Adani group on the hydrogen […]
Bangladesh wants revision of power purchase deal with Adani – EQ Mag
Anr official of BPDB said that they found the coal price quoted by the company to be excessive. They had reportedly quoted USD400/MT, but it should be less than USD250/MT. Bangladesh has reportedly sought a revision of the 2017 power purchase agreement with Adani Power Ltd since the electricity pricing appeared too expensive. An official […]
Adani files for Rs 20,000 cr FPO – EQ Mag
Its current business portfolio includes a green hydrogen ecosystem, data centers, developing airports, developing roads, food FMCG, digital, mining, defence and industrial manufacturing, among others. Richest Indian Gautam Adani-led group’s flagship firm on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani […]