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…
Latest Adani Power News & Updates
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 …
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…