Mumbai, May 27 (IANS) Shares of Adani Group companies have recovered all losses triggered by the 2023 Hindenburg Research report, with the conglomerate’s combined market value nearing Rs 19 trillion amid improving investor sentiment and easing regulatory concerns.The listed companies of billionaire Gautam Adani-led Adani Group have staged a strong comeback, erasing nearly all losses caused by the controversial 2023 short-seller report by Hindenburg Research.The combined market capitalisation o…
Latest Adani Power News & Updates
Ahmedabad, May 27 (IANS) The Adani Group is witnessing a sharp surge in market valuation, with the combined market capitalisation of its listed companies nearing the Rs 20 lakh crore milestone.The conglomerate has added around Rs 5 lakh crore in market value on a year-to-date (YTD) basis, driven by strong earnings performance and renewed investor confidence.Among the group companies, Adani Power has emerged as the biggest contributor to wealth creation this year.The company’s market capitalisa…
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
New Delhi, May 22 (IANS) In a major shift among foreign investors regarding their investments in India’s largest conglomerates, the prominent investment management firm Capital Group has increased its exposure to Adani Group companies while decreasing holdings in Reliance Industries Ltd (RIL), according to a new report.According to a Bloomberg report, citing people familiar with the matter, the US-based firm has acquired stakes worth over $2 billion across three Adani Group companies — Adani Po…
Ahmedabad, May 21 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has signed a definitive agreement to acquire Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates Ltd (JAL).In a regulatory filing, the Adani Group company said it has entered into a share purchase agreement with JAL to acquire 100 per cent shareholding in JFIL, which is the holding company of Kanpur Fertilizers and Che…
Ahmedabad, May 21 (IANS) Adani Power on Thursday said it has entered into definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24 per cent stake in Jaiprakash Power Ventures Ltd (JPVL) and the 180 MW Churk thermal power plant in Uttar Pradesh, under the NCLT-approved resolution plan for JAL.In a stock exchange filing, the Adani Group company said it has executed a Share Purchase Agreement to acquire JAL’s 24 per cent holding in Jaiprakash Power Ventures Ltd for about Rs 2,99…
New Delhi, May 19 (IANS) Shares of Adani Group companies surged up to 5 per cent in early trade on Tuesday, with listed entities trading in the green amid improved investor sentiment following recent developments related to a US legal case involving group chairman Gautam Adani and his nephew Sagar Adani.Adani Green Energy emerged as one of the top gainers in the group, rising 5.38 per cent to Rs 1,442 in early trade on the BSE.Meanwhile, Adani Enterprises jumped as much as 3 per cent to touch an…
Guna (Madhya Pradesh), May 10 (IANS) Adani Enterprises Director Pranav Adani said on Sunday that the Adani Group is poised to create 120,000 new jobs In Madhya Pradesh by 2030 across various sectors ranging from cement and mining to power.He was addressing the gathering at the inauguration of Adani Group’s new cement plant here in the presence of Madhya Pradesh Chief Minister Mohan Yadav and Union Minister Jyotiraditya Scindia.Pranav Adani highlighted that during the Global Investors Summit he…
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,…
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 …