Fair trade regulator CCI on Wednesday approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. New Delhi : Fair trade regulator CCI on Wednesday approved acquisition of entire shareholding in SB Energy by Adani Green Energy Ltd. In May, Adani Green Energy had said it has inked share purchase agreements with […]
Rajasthan HC cancels allotment of public utility land to Adani group power project near Pokhran
Jodhpur : In a blow to the solar power projects of Adani Renewable Energy Park Rajasthan Ltd (AREPRL), the high court on Tuesday ordered to cancel the allotment of public utility land measuring 1,452 bigha near Pokhran in Jaisalmer to the Adani group-owned company. AREPRL was allotted 6,115 bighas of land at the Nedan village […]
Adani Green Energy Share Surges as Firm Checks to Buy SoftBank’s Majority Stake in SB Energy
Adani Green Energy Limited (AGEL) share hit the upper circuit of five per cent on May 17, 2021. The hit was recorded amidst the reports saying that the firm was checking a proposal to purchase Japan’s SoftBank Group’s majority stake in solar power producer SB Energy. On BSE, the stock opened at a gain of […]
Moody’s Maintains Negative Outlook on Adani Transmission
According to Moody’s global rating scale, obligations rated Baa are subject to moderate credit risk. They are considered medium-grade and as such may possess speculative characteristics. New Delhi: Moody’s Investors Service on Friday affirmed an investment grade rating of Baa3 with negative outlook on senior secured bonds of Adani Transmission Ltd (ATL). According to Moody’s […]
Adani Electricity launches green energy initiative in Mumbai
Adani Electricity Mumbai Ltd or AEML informed of launching a green energy initiative in Mumbai which will provide customers with the flexibility to set their own targets for renewable energy. Under the current scheme of the Maharashtra Electricity Regulatory Commission (MERC) providing 100 per cent RE power, AEML customers can approach options to purchase RE […]
Adani Electricity brings green energy to Mumbai customers
AEML customers can approach for options to buy RE power under the current Maharashtra Electricity Regulatory Commission (MERC) announced scheme of providing 100 per cent RE power by paying 66 paisa extra. Mumbai: Adani Electricity Mumbai Ltd (AEML) said on Wednesday it is launching a green energy initiative in the city under which customers will […]
AGEL arm bags 150 MWac solar project
Adani Green Energy arm AREHFifteenL has bagged a 150 MWac solar energy project capacity from Torrent Power. Adani Green Energy arm AREHFifteenL has bagged a 150 MWac solar energy project capacity from Torrent Power. Adani Renewable Energy Holding Fifteen Ltd (AREHFifteenL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), participated in a Tender issued […]
BRIEF-Adani Green Energy Unit Commissions 50 MW Solar Power Plant In Uttar Pradesh
BRIEF-Adani Green Energy Unit Commissions 50 MW Solar Power Plant In Uttar Pradesh. UNIT COMMISSIONS 50 MW SOLAR POWER PLANT IN CHITRAKOOT, UTTAR PRADESH COMMISSIONING TAKES AGEL’S TOTAL OPERATIONAL RENEWABLE CAPACITY TO 3,520 MW PLANT HAS 25-YEAR POWER PURCHASE AGREEMENT WITH UTTAR PRADESH POWER CORP Source: in.investing
World’s Biggest Wealth Surge Heralds Rise of India’s Next Ambani
After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group’s future. His ambitious plans are getting a boost from Prime Minister Narendra Modi. Adani has emerged as India’s infrastructure king, diversifying from mines, ports and power plants into airports, […]
Relief for Sterling & Wilson Solar; promoters likely to sell assets to repay loan
Sterling & Wilson Solar could soon see inter-corporate loan that it extended to its promoter being repaid. Sources tell CNBC-TV18 that the promoters of Sterling & Wilson Solar are in advance talks to sell certain solar assets which fall under a Sterling & Wilson Pvt Ltd held by the two promoters. Shapoorji Pallonji and Khurshed […]