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 […]
Adani New Industries Sets Up India’s Tallest Wind Turbine In Gujarat – EQ Mag Pro
Installation of the wind turbine is part of ANIL’s renewable energy expansion plans Adani New Industries Ltd (ANIL) on Thursday announced that it has installed wind turbine taller than the world’s tallest ‘Statue of Unity’ in Gujarat. The wind turbine’s blades are wider than the wingspan of a jumbo jet in Gujarat’s Mundra. Installation of […]
Adani New Industries Sets Up India’s Tallest Wind Turbine In Gujarat
Installation of the wind turbine is part of ANIL’s renewable energy expansion plans Adani New Industries Ltd (ANIL) on Thursday announced that it has installed wind turbine taller than the world’s tallest ‘Statue of Unity’ in Gujarat. The wind turbine’s blades are wider than the wingspan of a jumbo jet in Gujarat’s Mundra. Installation of […]
Adani to invest Rs 1 lakh crore in Karnataka over 7 years
The Adani Group has plans to invest almost Rs 1 lakh crore over the next seven years in Karnataka as it seeks to expand its footprint in multiple sectors, Adani Ports and SEZ Limited CEO Karan Gautam Adani said on Wednesday. He was speaking at the inaugural function of the three-day ‘Invest Karnataka 2022’-Global […]
Billionaire Adani to target Europe with huge Morocco clean energy project – EQ Mag Pro
Gautam Adani, Asia’s richest person, is in exploratory talks for a giant renewables project in Morocco, which would aim to supply electricity and emissions-free fuel to Europe. Adani’s coal-to-ports conglomerate is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export, according to people familiar […]