New Delhi, March 24 (IANS) Adani Power has been assigned an ESG rating of 80.0 by rating agency CareEdge, placing it in the Leadership category — despite the fact that the company operates in the carbon intensive thermal power sector, it was announced on Tuesday.India’s largest private power generator significantly outperformed industry benchmarks on the environmental pillar, which carries the highest weight for the power sector.The Adani Group company recorded an environmental score of 75.6,…
Latest Adani Power News & Updates
Ahmedabad, Feb 24 (IANS) Adani Power on Tuesday said that its subsidiary Moxie Power Generation Ltd (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation (TNPDCL) for supply of 558 MW (net) power for a period of five years.The power supply agreement is expected to benefit Tamil Nadu consumers by providing an additional 558 MW of reliable and high-quality power, enhance grid stability, and support uninterrupted electricity supply to households, businesses and …
Mumbai, Feb 5 (IANS) Shares of Adani Energy Solutions Ltd (AESL) rose as much as 2.5 per cent to Rs 1,013 apiece on Thursday despite weakness in broader markets after Morgan Stanley initiated coverage on the stock.The foreign brokerage gave an ‘overweight’ rating with a price target of Rs 1,133 — implying 16 per cent upside from yesterday’s closing price.The brokerage views AESL as a key beneficiary of India’s long-term power grid expansion, highlighting over Rs 10 trillion of expected …
Mumbai, Feb 3 (IANS) Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.The investor sentiment in Adani Group companies was aided b…
New Delhi, Jan 4 (IANS) Gautam Adani, Chairman of the Adani Group, on Sunday said they will continue to strengthen their partnership with Bhutan, which is rooted in sustainability, trust and long-term value, as he hailed the energy partnership with the Himalayan country.In a post on the social media platform X, the billionaire industrialist said that it is always a delight to return to Bhutan.“Deeply privileged to be a founding member of the Gelephu Mindfulness City. Indeed, a visionary initia…
Ahmedabad, Jan 2 (IANS) Adani Group CFO Jugeshinder (‘Robbie’) Singh said on Friday that in 2026 and looking out over the next 10 years, “we stand with folded hands in gratitude to India and its people” and “we are not just building a conglomerate; we are fulfilling a national promise”.In a post on LinkedIn, he said that by marrying the ESG (Environmental, Social, and Governance) framework with governance of iron-clad integrity, “we are no longer just an Indian success story; we are th…