In Short – With core assets in Khavda and Mundra, Kachchh emerges as a focal point for Adani’s green ambitions. Leveraging its strategic presence in the region, Adani is poised to spearhead sustainable initiatives, fostering environmental stewardship and renewable energy development. In Details – Around 150 kilometres south of the Khavda plant, also in Kachchh […]
Adani’s unit secures $394 million financing facility for solar module plant – EQ Mag
BENGALURU : India’s Adani Enterprises said on Thursday its new renewable energy-focused unit raised a working capital loan of $394 million from Barclays and Deutsche Bank AG for its integrated solar module manufacturing facility. Adani New Industries Limited (ANIL) is building an integrated green hydrogen businesses, including solar modules and wind turbine manufacturing. The short-term […]
Adani’s $1.1 bn copper project to start operations from Mar 2024 – EQ Mag
Kutch Copper Ltd (KCL), a subsidiary of the group’s flagship Adani Enterprises The Rs 8,783 crore-greenfield project completed a full debt tie-up with a consortium of banks led by SBI Copper is the third most used industrial metal after steel and aluminium Billionaire Gautam Adani-led group’s copper-producing factory at Mundra in Gujarat will start operations […]
Do Adani’s woes matter for India’s clean energy transition? – EQ Mag
When the bidders for India’s multibillion-dollar incentive to make solar components were announced in early March, the absence of corporate behemoth Adani Group was conspicuous. The group — which set up a gigantic factory to make solar equipment in 2016, more than tripled its capacity to make solar panels since 2017 and have begun making […]
Adani’s 413-page reply to Hindenburg after $51 billion wipeout – EQ Mag
Gautam Adani published a 413-page rebuttal to a short seller’s allegations of widespread corporate malfeasance, seeking to calm investors in the midst of a $2.5 billion share sale and stem a rout that wiped out more than $50 billion of his group’s market value. In a Sunday statement, the Adani Group said some 65 of […]
Adani’s $2.5 billion share sale faces crucial day after Indian rout – EQ Mag
NEW DELHI : Gautam Adani faces a critical day on Monday with his flagship company’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout in the Indian billionaire’s stocks which was sparked by a U.S. short seller’s report. Seven listed companies belonging to the Adani conglomerate, which is led by […]
Green bonds will prop Adani’s future green plans – EQ Mag Pro
The initiative to tap the green bond market to fund this change is certainly bearing fruit as his ambitious USD 20 billion investment plan gets underway. Ahmedabad : Gautam Adani’s plans to revamp his business empire into the world’s largest renewables player are on a roll. The initiative to tap the green bond market to […]